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8 Beds
4 Baths
3,216 sqft

$900,000

461 S DOWNING ST, Seaside OR, 97138

Price per sqft$279.85
Built in1968
Property size3,216 sqft
Property typeMulti-family
Listing Courtesy of eXp Realty LLC, Bree Phillips. 503-440-7679

Overview

Active

Listed Apr 9, 2026

Updated Jul 24

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.

$5,988/mo

Est. mortgage payment based on a $900,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
360988267

Interior Features

Bedrooms
8
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$6,661
Tax Frequency
Annually
MLS provider logo

Listing Courtesy of eXp Realty LLC, Bree Phillips. 503-440-7679

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 Independent Broker Collective 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 7/24/2026, 2:27 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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