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.
Sold
$868,000
221 N Downing St, Seaside, OR 97138
16beds
8,414sqft
Multi Family
Built in 1909
-- sqft lot
$861,200 Zestimate®
$103/sqft
$1,699 Estimated rent
Home value
$861,200
$715,000 - $1.04M
$1,699/mo
Zestimate® history
Owner options
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$1,699/mo
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$1,699/mo
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$5,173/mo
Est. payment
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$5,173/mo
Est. payment
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List your homeWhat's special
Modern light fixturesBeach accessNew flooringShared sun deckLaundry roomOff-street parkingRoof replacement
Zillow last checked:
Listing updated:
Listed by:
Christy Coulombe 503-724-2400,
SALTAIRE Coastal Homes
Bought with:
Faith Bailey, 201240489
SALTAIRE Coastal Homes
Source: RMLS (OR),MLS#: 648855071
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 14
- Full bathrooms: 14
Heating
- Forced Air, Fireplace(s)
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Gas Water Heater
- Laundry: Common Area
Features
- Basement: Crawl Space
Interior area
- Total structure area: 8,414
- Total interior livable area: 8,414 sqft
Property
Parking
- Parking features: Driveway, Paved
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 4,791 Square Feet
- Features: Level, Ocean Beach One Quarter Mile Or Less, SqFt 3000 to 4999
Details
- Parcel number: 11646
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block, Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1909
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: All Landscaping, Laundry
Location
- Region: Seaside
Financial & listing details
- Price per square foot: $103/sqft
- Tax assessed value: $796,412
- Annual tax amount: $6,934
- Date on market: 4/1/2025
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional
- Total actual rent: 17600
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2025 | Sold | $868,000-1.1%$103/sqft |
Source:  RMLS (OR) #648855071 Report a problem | ||
| 4/4/2025 | Pending sale | $878,000$104/sqft |
Source: RMLS (OR) #648855071 Report a problem | ||
| 4/1/2025 | Listed for sale | $878,000+26.5%$104/sqft |
Source: RMLS (OR) #648855071 Report a problem | ||
| 11/4/2021 | Sold | $694,000-7.5%$82/sqft |
Source: RMLS (OR) #21192476 Report a problem | ||
| 8/25/2021 | Pending sale | $750,000$89/sqft |
Source: RMLS (OR) #21192476 Report a problem | ||
| 5/24/2021 | Listed for sale | $750,000+1400%$89/sqft |
Source: CMLS #21-462 Report a problem | ||
| 2/6/2020 | Sold | $50,000$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,145 +3% | $497,210 +3% |
| 2024 | $6,935 +3% | $482,729 +3% |
| 2023 | $6,730 +2.8% | $468,670 +3% |
| 2022 | $6,546 +2.2% | $455,020 +3% |
| 2021 | $6,407 +2.4% | $441,768 +3% |
| 2020 | $6,258 | $428,902 +3% |
| 2019 | $6,258 +2.8% | $416,411 +3% |
| 2018 | $6,087 +4.1% | $404,283 +3% |
| 2017 | $5,845 +4.8% | $392,509 +3% |
| 2016 | $5,579 +13.7% | $381,078 +3% |
| 2015 | $4,907 +2.7% | $369,979 +4.9% |
| 2014 | $4,779 +6.1% | $352,730 -1.8% |
| 2013 | $4,504 | $359,204 +3% |
| 2012 | -- | $348,743 +3% |
| 2011 | -- | $338,587 +3% |
| 2010 | -- | $328,727 +3% |
| 2009 | -- | $319,153 +3% |
| 2008 | -- | $309,858 +3% |
| 2007 | -- | $300,834 +3% |
| 2006 | -- | $292,073 |
Find assessor info on the county website
Neighborhood: 97138
Nearby homes
- $--1 bd1 ba650 sqft221 N Downing St #B, Seaside, OR 97138Off Market
- $523,2003 bd2 ba980 sqft307 3rd Ave, Seaside, OR 97138Off Market
- $383,3003 bd2 ba1.1k sqft211 N Downing St, Seaside, OR 97138Off Market
- $484,3002 bd3 ba1.5k sqft301 N Downing St, Seaside, OR 97138Off Market
- $554,9002 bd3 ba1.4k sqft310 3rd Ave, Seaside, OR 97138Off Market
- $380,3001 bd1 ba889 sqft312 2nd Ave, Seaside, OR 97138Off Market
- $361,0003 bd1 ba1k sqft203 N Downing St, Seaside, OR 97138Off Market
- $--2 bd1 ba850 sqft218 N Downing St #A, Seaside, OR 97138Off Market
Nearby schools
GreatSchools rating
- 7/10Seaside Heights Elementary SchoolGrades: K-5Distance: 1.1 mi
- 6/10Seaside Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Seaside High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Pacific Ridge
- Middle: Seaside
- High: Seaside
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Clatsop County
- Seaside
- 97138
- 221 N Downing St
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