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
$868,200 Zestimate®
$280/sqft
$-- HOA
What's special
New exterior doors
- 81 days |
- 299 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Bree Phillips 503-440-7679,
eXp Realty LLC
Source: RMLS (OR),MLS#: 360988267
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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
$868,200
$825,000 - $912,000
$1,860/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 | -- | $274,952 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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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.
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.
- Oregon
- Clatsop County
- Seaside
- 97138
- 461 S Downing St
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