Great Investment Opportunity in Seaside! This 1941 4 plex has recent updates and so many opportunities for income. Rentable spaces at market rate could generate over $90k annual gross income and a cap rate approaching 10%. Spacious grounds provide adequate parking that can be accessed from 4th avenue as well as a rear alleyway. 3 of the 4 units are 2 bed, one bath, with the 4th being a 1 bed, one bath. A fifth 2 bed, one bath, economy kitchenette could be incorporated into one of the upstairs units. The building and property are clean and easy to maintain.
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Est. Annual Taxes
Year Built
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Parking
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Schools
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Listing and Financial Details
Overview
Building Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $655,000 | -5.6% | $190 / Sq Ft |
| 12/10/2024 12/10/24 | Pending | -- | -- | -- |
| 11/27/2024 11/27/24 | Price Changed | $694,000 | -0.7% | $201 / Sq Ft |
| 09/09/2024 09/09/24 | For Sale | $699,000 | -- | $202 / Sq Ft |
| 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 | $5,024 | $349,709 | -- | -- |
| 2023 | $4,875 | $339,525 | $0 | $0 |
| 2022 | $4,742 | $329,637 | $0 | $0 |
| 2021 | $4,642 | $320,037 | $0 | $0 |
| 2020 | $4,533 | $310,717 | $0 | $0 |
| 2019 | $4,410 | $301,668 | $0 | $0 |
| 2018 | $4,225 | $292,882 | $0 | $0 |
| 2017 | $4,030 | $284,352 | $0 | $0 |
| 2016 | $3,483 | $276,071 | $89,466 | $186,605 |
| 2015 | $3,423 | $268,031 | $86,861 | $181,170 |
| 2014 | $3,452 | $260,226 | $0 | $0 |
| 2013 | -- | $252,647 | $0 | $0 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $520,169 | New Conventional | |
| Previous Owner | $195,837 | New Conventional | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $195,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $63,750 | Stand Alone Second | |
| Previous Owner | $178,500 | Fannie Mae Freddie Mac |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $655,000 | Ticor Title | |
| Warranty Deed | $255,000 | Ticor Title Ins Co |
Todd Braden thinks the Oregon Coast is one of the Northwest’s greatest treasures, and he is passionate about the incredible lifestyle and unparalleled beauty that this part of the world has to offer.
Todd is an incredibly personable Realtor who truly enjoys doing everything in his power to ensure his clients’ success and satisfaction. With his personal experience of renovating homes, Todd has developed a keen eye for the hidden potential in a property. Not afraid to roll up his sleeves,
$499,000
Sand and Sea is the most popular Ocean Front Condo complex in downtown Seaside and is available as a lucrative Nightly rental managed on-site by Vacasa! Just steps to beach and downtown Seaside for entertainment or a relaxing afternoon in the sun. Spectacular, elevated ocean views from the balcony. Floor to ceiling windows offer spectacular Southern and Western views allowing light to cascade
Todd Braden Soldera Properties, Inc
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The perfect summer getaway. 31+ Acres to call your own private playground. Southern strip is dry allowing for recreational use. Just yards away from theCullaby Lake Boat Launch which allows fishing, boating, waterskiing, hiking, swimming and more. Lot sits next to quiet neighborhood. One mile from Sunset Beach and multiple Golf Courses within reach! 10 minutes from Columbia Boat Ramps. Buyer to
Todd Braden Soldera Properties, Inc
$999,000
A lucrative Short Term Rental in the coveted Olivia Beach neighborhood of Lincoln City sold turn-key fully furnished! 5.99 financing available sponsored by seller. Zoned VR makes this home eligible for Short Term Rental or keep it for yourself and family and friends! This property is a must consider for anyone seeking an income property or 1031 exchange. Located right on Olivia Beach Community
Todd Braden Soldera Properties, Inc
$450,000 Sold Sep 03, 2024
This is the first Ocean Front vacant single lot available in Surf Pines to be listed for sale since 2021. The lot is in the desirable North end of Surf Pines and will allow you to develop the perfect quiet getaway or build your forever home. The lot features a natural elevation at the build site. Two tax lots with 3.73 aces for you to realize your dream of a front row property in Surf Pines.
Todd Braden Soldera Properties, Inc
$750,000 Sold Sep 12, 2024
Beautiful and spacious light filled home in Country Club Estates. With over 3,400 sq ft of finished space this home lives big yet comfortable. Enter from the front doors into a wide open living space with an open kitchen with built in double oven and tons of space to spread out and prepare a gourmet meal. The great room offers access to a fireplace and a deck overlooking the Country Club
Todd Braden Soldera Properties, Inc
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24216868
APN: 11448
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