$868,000
SOLD MAY 23, 2025

221 N Downing St Seaside, OR 97138

-- Bed
-- Bath
-- Sq Ft
4,791 Sq Ft Lot

Recently Sold

1% Below List Price

2 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • Level Lot

About This Home

As of May 2025

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.

Last Agent to Sell the Property

Christy Coulombe

SALTAIRE Coastal Homes License #201214471 Listed on: 04/01/2025

Last Buyer's Agent

Faith Bailey

SALTAIRE Coastal Homes License #201240489

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

  • Rent includes ground maintenance, sewer, trashcollection, water
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,935

Year Built

Built in 1909 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1909
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: Block, ConcretePerimeter
  • View: No
  • Lot Features: Level, OceanBeachOneQuarterMileOrLess
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Paved
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: AllLandscaping, Laundry

Schools

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

Lot Info

  • Zoning: R3
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: 11646

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6934.78

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 10.76
  • Annual Gross Income: 81600.0
  • Property Net Operating Income: 71030.0
  • Annual Operating Expense: 10569.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2025
Closed on
Apr 19, 2025
Sold by
Kanyan Trust and Bochin Yan
Bought by
Leylu Llc and Roeck
Seller's Agent
Christy Coulombe
SALTAIRE Coastal Homes
Buyer's Agent
Faith Bailey
SALTAIRE Coastal Homes
List Price
$878,000
Sold Price
$868,000
Premium/Discount to List
-$10,000
-1.14%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.15%

Purchase Details

Listed on
May 24, 2021
Closed on
Oct 8, 2021
Sold by
Booth Brothers Llc
Bought by
Kan Elena
Seller's Agent
Alethea Eckhardt
RE/MAX River and Sea
Buyer's Agent
Christy Coulombe
SALTAIRE Coastal Homes
List Price
$1,200,000
Sold Price
$694,000
Premium/Discount to List
-$506,000
-42.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$520,500
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2020
Sold by
Cortese Angelo and Cortese Rosina
Bought by
Booth Patrick K and Ibatuan Arden Booth

Purchase Details

Closed on
Apr 28, 2008
Sold by
Booth Properties
Bought by
Booth Brothers Llc
Source: Public Records

Similar Home in Seaside, OR

  • 337 16th Ave, Seaside, OR 97138

    $719,000

    • 4 Beds
    • 4 Baths
    • 2,540 Sq Ft
    • 337 16th Ave
    • Seaside, OR

    This meticulously maintained Tri-plex is in the quiet neighborhood of northwest Seaside less than two blocks from the beach! Recently painted and roofed this is not a fixer! Two 1-bedroom units rented with short term lease and month to month. Photos are of the owners 2 bed / 2 bath unit that has never been rented complete with hot tub for owners’ exclusive use. Coin laundry, workshop, 2 large

    Lawrence Burkett Premiere Property Group, LLC

    Section Image
See All Homes in Seaside

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $868,000 Ticor Title
Warranty Deed $868,000 Ticor Title
Warranty Deed $694,000 Western Title & Escrow
Bargain Sale Deed $50,000 None Available
Bargain Sale Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $520,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $868,000 -1.1% --
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
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

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
Source: Public Records

Agents Affiliated with this Home

  • Christy Coulombe

    Seller's Agent in 2025

    Christy Coulombe

    SALTAIRE Coastal Homes

    (503) 738-1390

    172 Total Sales

    Christy Coulombe
    Section Image

  • F

    Buyer's Agent in 2025

    Faith Bailey

    SALTAIRE Coastal Homes

    (503) 298-7862

    2 Total Sales

    Faith Bailey
    Section Image
  • Alethea Eckhardt

    Seller's Agent in 2021

    Alethea Eckhardt

    RE/MAX

    Section Image
  • David Hoggard

    Seller Co-Listing Agent in 2021

    David Hoggard

    Keller Williams Sunset Corridor

    (503) 440-4670

    47 Total Sales

    David Hoggard
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 648855071

Regional Multiple Listing Service (RMLS)

APN: 11646

Oregon Clatsop County Seaside 97138

221 N Downing St, Seaside, OR

This home is located at 221 N Downing St, Seaside, OR 97138 and is currently priced at $868,000. This property was built in 1909. 221 N Downing St is a home located in Clatsop County with nearby schools including Seaside High School.

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.

Regional Multiple Listing Service (RMLS) 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.

Nearby Homes