461 S Downing St Seaside, OR 97138
Estimated payment $5,492/month
Highlights
- No HOA
- Baseboard Heating
- High Speed Internet
- Zoned Heating
- Laundry Facilities
- Level Lot
About This Home
Well-maintained 4-plex investment property in the heart of Seaside on a level 50’ x 100’ lot, just 3 blocks to the beach and 2 blocks to the Necanicum River. Strong rental history with excellent occupancy, including 3 established long-term occupants and 1 newer occupant for income potential. Recent improvements include a full Unit 4 renovation (2025), Unit 1 renovation (2021), Unit 3 renovation (2019), new exterior doors (2024), and new windows in 3 units (2024). Unit 2 offers upside potential with original finishes. Excellent opportunity for a 1031 exchange, portfolio expansion, or coastal multifamily investment next to downtown shops, restaurants, and attractions.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,661
Year Built
- Built in 1968
Lot Details
- 4,791 Sq Ft Lot
- Lot Dimensions are 50' x 100'
- Level Lot
Home Design
- Slab Foundation
- Membrane Roofing
- Plywood Siding Panel T1-11
Interior Spaces
- 3,216 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 8 Parking Spaces
- Paved Parking
- Off-Street Parking
Schools
- Pacific Ridge Elementary School
- Seaside Middle School
- Seaside High School
Utilities
- No Cooling
- Zoned Heating
- Baseboard Heating
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 11830
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Operating Expense $20,361
- Gross Income $71,808
- Net Operating Income $51,447
Map
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 | $6,661 | $463,555 | ||
| 2024 | $6,465 | $450,055 | ||
| 2023 | $6,274 | $436,947 | $0 | $0 |
| 2022 | $6,103 | $424,222 | $0 | $0 |
| 2021 | $5,974 | $411,867 | $0 | $0 |
| 2020 | $5,736 | $399,871 | $0 | $0 |
| 2019 | $5,611 | $388,225 | $0 | $0 |
| 2018 | $5,158 | $376,919 | $0 | $0 |
| 2017 | $4,962 | $365,942 | $0 | $0 |
| 2016 | $4,271 | $355,285 | $104,492 | $250,793 |
| 2015 | $4,136 | $343,140 | $101,449 | $241,691 |
| 2014 | $4,404 | $344,938 | $0 | $0 |
| 2013 | -- | $338,147 | $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 | Prior Sale |
|---|---|---|---|---|---|
| 06/25/2026 06/25/26 | Price Changed | $900,000 | -3.8% | $280 / Sq Ft | |
| 04/09/2026 04/09/26 | For Sale | $935,400 | +120.1% | $291 / Sq Ft | |
| 05/13/2019 05/13/19 | Sold | $425,000 | -11.5% | $117 / Sq Ft | View Prior Sale |
| 02/22/2019 02/22/19 | Pending | -- | -- | -- | |
| 09/28/2018 09/28/18 | For Sale | $480,000 | -- | $132 / 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 |
|---|---|---|---|
| Warranty Deed | $425,000 | Ticor Title Company Of Or | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $374,950 | Multiple |
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 |
|---|---|---|---|
| Open | $281,250 | New Conventional | |
| Previous Owner | $74,900 | Stand Alone Second | |
| Previous Owner | $299,900 | Fannie Mae Freddie Mac |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 360988267
APN: 11830
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.
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