2149 S Franklin St

Seaside, OR 97138

$1,150,000
Price
—
Beds
—
Baths
4,800 Sq. Ft.
$240 / Sq. Ft.
4,800
Sq. Ft.
$240
per Sq. Ft.
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Description

Prime coastal 8-Plex investment opportunity in South Seaside, Oregon. Just four blocks from the beach and steps from a golf course and park, this 8-unit multifamily property offers a rare investment opportunity in South Seaside. Built in 1947, the 11-bed, 8-bath complex consists of five 1-bed/1-bath units and three 2-bed/1-bath units, spanning a total of 4,800 sqft across two buildings on a 10,000 sqft lot (100x100 ft), and includes nine off-street parking spots. This property consistently maintains...Prime coastal 8-Plex investment opportunity in South Seaside, Oregon. Just four blocks from the beach and steps from a golf course and park, this 8-unit multifamily property offers a rare investment opportunity in South Seaside. Built in 1947, the 11-bed, 8-bath complex consists of five 1-bed/1-bath units and three 2-bed/1-bath units, spanning a total of 4,800 sqft across two buildings on a 10,000 sqft lot (100x100 ft), and includes nine off-street parking spots. This property consistently maintains full occupancy, often receiving hundreds of applicants when a unit becomes available. Located in a desirable neighborhood known for its well-kept homes, this property is just minutes from the Seaside Promenade and four blocks to the popular South Cove surf area. It has undergone major plumbing and electrical updates in 2008/2009, with new windows—10 left to install before closing. Offers an on-site community laundry room. With strong rental demand and the possibility for a conversion to a motel for short-term rental potential, this property offers immediate cash flow and long-term investment versatility. Tours are available for accepted offers only. 1031 exchange, would consider a trade. Don’t miss this high-demand coastal investment opportunity!
  1. Listed by Chrissy Tese-Moe • Works Real Estate • chrissy@worksrealestate.co

Property Details for 2149 South Franklin Street

Parking Features
Off Street
Zoning
Multi U
Parking Total
9.00
LISTING UPDATED: 05/16/2026 12:12 AM

Property Details for 2149 South Franklin Street

StatusActive
MLS #650795690
Days on Market436
Taxes$7,333 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1947
Lot Size0.23 AC / 10,018 SF
CountyClatsop County
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Location

Listing Courtesy of Works Real Estate
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Building Information for 2149 South Franklin Street

Stories-Residences8Year Built1947Building Size-Lot Size0.23 AC / 10,018 SF

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$6,402 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,791

Property Taxes

$611

HOA Dues

$0

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Property Information for 2149 South Franklin Street

Summary
Location and General Information
  • Country: US
  • Directions: 2149 S Franklin St, Seaside, OR 97007
  • Road Surface: Paved
School Information
  • Middle Or Junior School: Seaside
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $7,333.28
  • Parcel Number: 13766
  • Tax Legal Description: CARTWRIGHT PARK LTS 3 & 4 BLK 24
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Property
Lot Information
  • Acres: 0.23
  • Lot Description: Level
  • Lot Size Square Feet: 10018.0
  • Lot Size Dimension: 100x100
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1947
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Shingle Siding
  • Roof Type: Composition
Interior Features
  • Foundation Details: Concrete Perimeter
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • Gross Income Actual: $99,120.00
  • Gross Rent Multiplier: $11.60
  • Investor Information: According To Owner
  • Net Income Actual: $69,196.00
  • Operating Expense: $29,924.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 4800
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,200
  • Unit Type 1 SqFt: 600.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,045
  • Unit Type 2 SqFt: 600.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Rent: $990
  • Unit Type 3 SqFt: 600.0
  • Unit Type 3 Units Total: 2
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Rent: $950
  • Unit Type 4 SqFt: 600
  • Unit Type 4 UnitsTotal: 2
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Rent: $935
  • Unit Type 5 SqFt: 600.0
  • Unit Type 5 Units Total: 1

Property History for 2149 South Franklin Street

DateEvent & SourcePriceAppreciation
Nov 7, 2005

Sold (Public Record)

Public Record #429045053

$460,000—
DateEvent & SourcePrice
11/07/2005

Sold (Public Record)

Public Record #429045053

$460,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2149 South Franklin Street

Taxable ValueLand-Additions$435,252Total-
Tax Record2025$7,555 ($630 / month)
Home Facts
Lot Size10,019 SqFtStyleMulti-Family Res (5+ Units)Year Built1947CountyCLATSOPAPN61028AB06300

Schools near 2149 South Franklin Street

This home is within Seaside School District 10.
Rating
School
Type
Grades
Distance
Seaside Heights Elementary School
Public - K to 5
Seaside Middle School
Public - 6 to 8
Seaside High School
Public - 9 to 12
Gearhart Elementary School
Public - K to 5
Rating
School
Distance
Seaside Heights Elementary School
PublicK to 5

Seaside Middle School
Public6 to 8

Seaside High School
Public9 to 12

Gearhart Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2149 South Franklin Street, Seaside, OR 97138

2149 South Franklin Street is a multi-family home for sale in Seaside, OR 97138. This property was listed for sale on March 6, 2025 by Works Real Estate, it's currently listed at $1,150,000. It has been on the market for a total of 436 days and was last sold on November 7, 2005. This listing's school district is Seaside School District 10. Nearby schools include Seaside Heights Elementary School, Seaside Middle School and Seaside High School. 2149 South Franklin Street is a 0-bed, 0-bath, 4,800 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Works Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 05/16/2026 12:12 AM