221 N Downing St Seaside, OR 97138
Estimated payment $5,469/month
Highlights
- Forced Air Heating System
- Laundry Facilities
- Level Lot
About This Home
Invest in a premium rental property just one block from beach access in Seaside. This well-maintained 4-plex is uniquely configured as a triplex plus a charming standalone cottage, offering versatility and strong rental income. Each unit has been thoughtfully updated with coastal-inspired colors and stylish, modern light fixtures. Off-street parking enhances convenience, while a shared sun deck and laundry room foster a welcoming community atmosphere. Ideally located just three blocks from the city center and downtown Seaside, this property provides much-needed quality housing in a prime location. Recent upgrades include new flooring in the second-floor, two-bedroom apartment, newly installed siding on the east side, and a roof replacement on the triplex in 2022. Total Monthly Rental Income: $6,800. Don’t miss this exceptional opportunity to own a high-performing rental property in one of the Oregon Coast’s most desirable destinations. Accurate room count is a total of 6 bedrooms, 5 bathrooms.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,935
Year Built
- Built in 1909 | Remodeled
Lot Details
- 4,791 Sq Ft Lot
- Level Lot
Home Design
- Block Foundation
- Composition Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Crawl Space
Parking
- Driveway
- Paved Parking
Schools
- Pacific Ridge Elementary School
- Seaside Middle School
- Seaside High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 11646
Community Details
Building Details
- Operating Expense $10,569
- Gross Income $81,600
- Net Operating Income $71,030
Additional Features
- 10 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $6,935 | $482,729 | -- | -- |
| 2023 | $6,730 | $468,670 | $0 | $0 |
| 2022 | $6,546 | $455,020 | $0 | $0 |
| 2021 | $6,407 | $441,768 | $0 | $0 |
| 2020 | $6,258 | $428,902 | $0 | $0 |
| 2019 | $6,087 | $416,411 | $0 | $0 |
| 2018 | $5,845 | $404,283 | $0 | $0 |
| 2017 | $5,579 | $392,509 | $0 | $0 |
| 2016 | $4,907 | $381,078 | $74,881 | $306,197 |
| 2015 | $4,779 | $369,979 | $72,700 | $297,279 |
| 2014 | $4,504 | $352,730 | $0 | $0 |
| 2013 | -- | $359,204 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/03/2025 04/03/25 | Pending | -- | -- | -- |
| 04/01/2025 04/01/25 | For Sale | $878,000 | +26.5% | -- |
| 11/04/2021 11/04/21 | Sold | $694,000 | -42.2% | $286 / Sq Ft |
| 08/24/2021 08/24/21 | Pending | -- | -- | -- |
| 05/24/2021 05/24/21 | For Sale | $1,200,000 | -- | $495 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $694,000 | Western Title & Escrow | |
| Bargain Sale Deed | $50,000 | None Available | |
| Bargain Sale Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $520,500 | New Conventional |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 648855071
APN: 11646
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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 © 2025 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.
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