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.
Active
Price cut: $35.4K (6/25)
$900,000
461 S Downing St, Seaside, OR 97138
8beds
3,216sqft
Multi Family
Built in 1968
-- sqft lot
$869,000 Zestimate®
$280/sqft
$-- HOA
What's special
New exterior doors
- 128 days |
- 248 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Bree Phillips 503-440-7679,
eXp Realty LLC
Source: RMLS (OR),MLS#: 360988267
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Zoned
Cooling
- None
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater, Tank Water Heater
- Laundry: Common Area
Features
- Basement: None
Interior area
- Total structure area: 3,216
- Total interior livable area: 3,216 sqft
Property
Parking
- Total spaces: 8
- Parking features: Off Street, Paved
Features
- Stories: 2
Lot
- Size: 4,791 Square Feet
- Dimensions: 50' x 100'
- Features: Level, SqFt 3000 to 4999
Details
- Parcel number: 11830
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Foundation: Slab
- Roof: Membrane
Condition
- Approximately
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Laundry
- Security: None
HOA
- Has HOA: No
Location
- Region: Seaside
Financial & listing details
- Price per square foot: $280/sqft
- Tax assessed value: $732,265
- Annual tax amount: $6,661
- Date on market: 4/9/2026
- Listing terms: Cash,Conventional
- Total actual rent: 5957
- Road surface type: Paved
Estimated market value
$869,000
$826,000 - $912,000
$1,649/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $900,000-3.8%$280/sqft |
Source:  RMLS (OR) #360988267 Report a problem | ||
| 4/9/2026 | Listed for sale | $935,400+120.1%$291/sqft |
Source: RMLS (OR) #360988267 Report a problem | ||
| 5/13/2019 | Sold | $425,000-11.5%$132/sqft |
Source: RMLS (OR) #18103921 Report a problem | ||
| 3/23/2019 | Pending sale | $480,000$149/sqft |
Source: RE/MAX River and Sea #18103921 Report a problem | ||
| 3/23/2019 | Listed for sale | $480,000+28%$149/sqft |
Source: RE/MAX River and Sea #18103921 Report a problem | ||
| 12/14/2005 | Sold | $374,950$117/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,661 +3% | $463,555 +3% |
| 2024 | $6,465 +3% | $450,055 +3% |
| 2023 | $6,274 +2.8% | $436,947 +3% |
| 2022 | $6,103 +2.2% | $424,222 +3% |
| 2021 | $5,974 +4.1% | $411,867 +3% |
| 2020 | $5,736 | $399,871 +3% |
| 2019 | $5,736 +2.2% | $388,225 +3% |
| 2018 | $5,611 +8.8% | $376,919 +3% |
| 2017 | $5,158 +3.9% | $365,942 +3% |
| 2016 | $4,962 +16.2% | $355,285 +3.5% |
| 2015 | $4,271 +3.3% | $343,140 -0.5% |
| 2014 | $4,136 -6.1% | $344,938 +2% |
| 2013 | $4,404 | $338,147 +3% |
| 2012 | -- | $328,299 +3% |
| 2011 | -- | $318,738 +3% |
| 2010 | -- | $309,456 +3% |
| 2009 | -- | $300,444 +3% |
| 2008 | -- | $291,694 +3% |
| 2007 | -- | $283,199 +3% |
| 2006 | -- | $274,952 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97138
Nearby schools
GreatSchools rating
- 7/10Seaside Heights Elementary SchoolGrades: K-5Distance: 1 mi
- 6/10Seaside Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Seaside High SchoolGrades: 9-12Distance: 1.3 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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