$579,000
SOLD NOV 24, 2025

218 Necanicum Dr Seaside, OR 97138

2 Beds
7 Baths
2,208 Sq Ft
1938 Built

Recently Sold

$262 Per Sq Ft

3% Below List Price

61 Days on Market

Highlights

  • River View
  • Storage
  • Forced Air Heating System
  • Corner Lot

About This Home

As of November 2025

Two Homes on one lot in Northwest Seaside! Discover a rare and unique opportunity with this exceptional dual home property in Seaside, 461 3rd and 218 Necanicum, just blocks from the ocean, downtown amenities, and directly across from the scenic Necanicum River. Nestled in a prime coastal location, this offering includes two character rich residences, perfect for rental income, or a private retreat with guest accommodations.The first home showcases timeless craftsmanship with original hardwood floors, tongue-and-groove wood walls, high ceilings, and a fully finished attic space ideal for a studio or office. The expansive front porch offers an ideal setting to start your day with a cup of coffee or to relax in the evening, taking in the sunset.The second home is a venerable Sears and Roebuck kit home that echoes the charm and warmth of the main house. It too has a finished attic space. Also included with this home is a half bath in the primary bedroom, an attached laundry room and a covered carport for convenient year-round access. Both homes have primary bedrooms and bathrooms on the main level and have fenced backyards, offering private outdoor space for gardening, pets, or entertaining, and are topped with newer roofs for peace of mind. Secure your future at the beach in Seaside with an unbeatable location - schedule your showing today to experience this one of a kind property for yourself.

Last Agent to Sell the Property

Elizabeth Marxer

SALTAIRE Coastal Homes License #201207653 Listed on: 07/24/2025

Co-Listed By

Christy Coulombe

SALTAIRE Coastal Homes License #201214471

Last Buyer's Agent

Brittany Olson

eXp Realty, LLC License #201226994

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,823

Year Built

  • Built in 1938

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Carport
  • Driveway

Home Design

  • Block Foundation
  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,208 Sq Ft Home
  • 2-Story Property
  • Storage
  • River Views
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 7 Bathrooms

Schools

  • Pacific Ridge Elementary School
  • Seaside Middle School
  • Seaside High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number 11639

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $15,400
  • Gross Income $20,400
  • Net Operating Income $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,823

Year Built

Built in 1938

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1938
  • Property Condition: Restored
  • Property Attached Yn: No
  • Current Price For Status: 579000.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Total Bedrooms: 2
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Block, ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: River

Garage/Parking

  • Parking Description: Carport, Driveway
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas,Tankless
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Pacific Ridge
  • High School: Seaside
  • Middle Or Junior School: Seaside

Lot Info

  • Zoning: R3
  • Parcel #: 11639

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 2823.33

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 28.38
  • Annual Gross Income: 20400.0
  • Property Net Operating Income: 5000.0
  • Annual Operating Expense: 15400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2025
Closed on
Nov 21, 2025
Sold by
Mark J Stiles Revocable Living Trust and Stiles Mark J
Bought by
Murphy Michele
Seller's Agent
Elizabeth Marxer
SALTAIRE Coastal Homes
Buyer's Agent
Brittany Olson
eXp Realty, LLC
List Price
$599,900
Sold Price
$579,000
Premium/Discount to List
-$20,900
-3.48%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.18%
Original Mortgage
$434,250
Outstanding Balance
$433,432
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$124,701

Purchase Details

Closed on
Sep 24, 2024
Sold by
Stiles Mark J
Bought by
Mark J Stiles Revocable Living Trust and Stiles
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $579,000 Ticor Title
Bargain Sale Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $434,250 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 Sold $579,000 0.0% $262 / Sq Ft
09/23/2025 09/23/25 Pending -- -- --
09/09/2025 09/09/25 Price Changed $579,000 -3.5% $262 / Sq Ft
07/24/2025 07/24/25 For Sale $599,900 -- $272 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History

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 $2,909 $202,426 -- --
2024 $2,823 $196,531 -- --
2023 $2,740 $190,808 $0 $0
2022 $2,665 $185,252 $0 $0
2021 $2,609 $179,857 $0 $0
2020 $2,548 $174,620 $0 $0
2019 $2,478 $169,535 $0 $0
2018 $2,380 $164,598 $0 $0
2017 $2,271 $159,805 $0 $0
2016 $1,998 $155,152 $80,754 $74,398
2015 $1,946 $150,634 $78,402 $72,232
2014 $1,940 $146,248 $0 $0
2013 -- $141,989 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 552751071

Regional Multiple Listing Service (RMLS)

APN: 11639

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