2149 S Franklin St Seaside, OR 97138
Cartwright Park NeighborhoodEstimated payment $5,932/month
Highlights
- 0.23 Acre Lot
- Level Lot
- 2-minute walk to Cartwright Park
- Laundry Facilities
- Heating System Mounted To A Wall or Window
About This Home
Prime coastal 8-Plex investment opportunity in South Seaside, Oregon. Just four blocks from the beach and steps from a golf course and park, this 8-unit multifamily property offers a rare investment opportunity in South Seaside. Built in 1947, the 11-bed, 8-bath complex consists of five 1-bed/1-bath units and three 2-bed/1-bath units, spanning a total of 4,800 sqft across two buildings on a 10,000 sqft lot (100x100 ft), and includes nine off-street parking spots. This property consistently maintains full occupancy, often receiving hundreds of applicants when a unit becomes available. Located in a desirable neighborhood known for its well-kept homes, this property is just minutes from the Seaside Promenade and four blocks to the popular South Cove surf area. It has undergone major plumbing and electrical updates in 2008/2009, with new windows—10 left to install before closing. Offers an on-site community laundry room. With strong rental demand and the possibility for a conversion to a motel for short-term rental potential, this property offers immediate cash flow and long-term investment versatility. Tours are available for accepted offers only. 1031 exchange, would consider a trade. Don’t miss this high-demand coastal investment opportunity!
Listing Agent
Works Real Estate Brokerage Email: chrissy@worksrealestate.co License #200504276 Listed on: 03/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,333
Year Built
- Built in 1947
Lot Details
- 10,018 Sq Ft Lot
- Lot Dimensions are 100x100
- Level Lot
Home Design
- 4,800 Sq Ft Home
- Composition Roof
- Shingle Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Parking
- 9 Parking Spaces
- Off-Street Parking
Schools
- Pacific Ridge Elementary School
- Seaside Middle School
- Seaside High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 13766
Community Details
Building Details
- Operating Expense $35,514
- Gross Income $106,836
- Net Operating Income $71,322
Additional Features
- 8 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,555 | $525,779 | -- | -- |
| 2024 | $7,333 | $510,466 | -- | -- |
| 2023 | $7,116 | $495,599 | $0 | $0 |
| 2022 | $6,922 | $481,165 | $0 | $0 |
| 2021 | $6,775 | $467,152 | $0 | $0 |
| 2020 | $6,617 | $453,546 | $0 | $0 |
| 2019 | $6,435 | $440,337 | $0 | $0 |
| 2018 | $6,181 | $427,513 | $0 | $0 |
| 2017 | $5,878 | $415,063 | $0 | $0 |
| 2016 | $5,179 | $402,975 | $151,618 | $251,357 |
| 2015 | $4,957 | $391,238 | $147,202 | $244,036 |
| 2014 | $5,038 | $379,844 | $0 | $0 |
| 2013 | -- | $368,782 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/19/2026 06/19/26 | Price Changed | $985,000 | -14.3% | $205 / Sq Ft |
| 10/14/2025 10/14/25 | For Sale | $1,150,000 | 0.0% | $240 / Sq Ft |
| 10/13/2025 10/13/25 | Off Market | $1,150,000 | -- | -- |
| 10/09/2025 10/09/25 | Price Changed | $1,150,000 | -8.0% | $240 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $1,250,000 | -- | $260 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $460,000 | Pacific Title Company | |
| Bargain Sale Deed | -- | Pacific Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $200,000 | Commercial |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 650795690
APN: 13766
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
- 1761 S Edgewood St
- 1715 S Franklin St
- 1658 S Edgewood St
- 2685 S Roosevelt Dr
- 2100 S Roosevelt Dr
- 1577 S Franklin St
- 150 Avenue U
- 2233 Beach Dr Unit 40
- 40 Avenue U
- 40 Avenue U Unit 63
- 40 Avenue U Unit 61
- 0 Avenue S Unit Lot 29W
- 0 Avenue S Unit Lot 29E
- 0 Avenue S
- 1480 S Edgewood St
- 40 Ave U Unit 61
- 2316 Beach Dr Unit 157
- 2480 S Roosevelt Dr
- 84800 U S 101
- 2390 S Edgewood St
- 1209 S Downing St
- 1041 Beach Dr
- 916 S Holladay Dr
- 640 S Columbia St Unit SI ID1335290P
- 430 S Holladay Dr
- 430 S Holladay Dr
- 496 Fairway Ct
- 2334 Cross Creek St Unit 101
- 2330 Cross Creek St Unit 101
- 2330 Cross Creek St Unit 301
- 2334 Cross Creek St Unit 301
- 2330 Cross Creek St Unit 102
- 2330 Cross Creek St Unit 201
- 2330 Cross Creek St Unit 202
- 2334 Cross Creek St Unit 202
- 2330 Cross Creek St Unit 302
- 2334 Cross Creek St Unit 201
- 1798 Spruce Dr
- 849 1st Ave Unit A
- 242 Hemlock St
Ask me questions while you tour the home.