461 S Downing St

Seaside, OR 97138

$935,400
Price
—
Beds
—
Baths
3,216 Sq. Ft.
$291 / Sq. Ft.
3,216
Sq. Ft.
$291
per Sq. Ft.
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Exterior
Exterior
Exterior
Unit #1
Unit #1
Unit #1
Unit #1
Unit #4
Unit #4

Description

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...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.
  1. Listed by Bree Phillips • eXp Realty LLC

Property Details for 461 South Downing Street

Parking Features
Off Street, Paved
Zoning
R3
Garage Spaces
.00
Parking Total
8.00
LISTING UPDATED: 05/11/2026 10:11 AM

Property Details for 461 South Downing Street

StatusActive
MLS #360988267
Days on Market35
Taxes$6,661 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1968
Lot Size0.11 AC / 4,791 SF
CountyClatsop County
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Location

Listing Courtesy of eXp Realty LLC
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Building Information for 461 South Downing Street

Stories2Residences4Year Built1968Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

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$5,265 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,710

Property Taxes

$555

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 461 South Downing Street

Summary
Location and General Information
  • Country: US
  • Directions: Heading S on N Roosevelt Dr, Turn R on Avenue B, L on S Downing Street, House is on L.
  • Road Surface: Paved
School Information
  • Elementary School: Pacific Ridge
  • High School: Seaside
  • Middle Or Junior School: Seaside
Taxes and HOA
  • Management Name: Self Manage
  • Tax Year: 2025
  • Tax Annual Amount: $6,661.22
  • Parcel Number: 11830
  • Tax Legal Description: HERMOSA PARK LT 8 BLK 6
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Level
  • Lot Size Square Feet: 4791.0
  • Lot Size Dimension: 50' x 100'
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1968
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Zoned
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Roof Type: Membrane
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $71,808.00
  • Gross Rent Multiplier: $13.03
  • Investor Information: According To Owner, Leases
  • Net Income Actual: $51,447.00
  • Operating Expense: $20,361.00
  • Security Features: None
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 3216
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 Features: Dishwasher, Range, Refrigerator, Unfurnished
  • Unit Type 1 Rent: $1,725
  • Unit Type 1 SqFt: 804.0
  • Unit Type 1 Units Total: 1
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 Features: Dishwasher, Range, Refrigerator, Unfurnished
  • Unit Type 2 Rent: $1,084
  • Unit Type 2 SqFt: 804.0
  • 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: 2
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator, Unfurnished
  • Unit Type 3 Rent: $1,423
  • Unit Type 3 SqFt: 804.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator, Unfurnished
  • Unit Type 4 Rent: $1,725
  • Unit Type 4 SqFt: 804
  • Unit Type 4 UnitsTotal: 1

Property History for 461 South Downing Street

DateEvent & SourcePriceAppreciation
May 9, 2019

Sold (Public Record)

Public Record #644540795

$425,000

+0.9% / yr

Dec 8, 2005

Sold (Public Record)

Public Record #429045668

$374,950—
DateEvent & SourcePrice
05/09/2019

Sold (Public Record)

Public Record #644540795

$425,000

+0.9% / yr

12/08/2005

Sold (Public Record)

Public Record #429045668

$374,950

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

Public Records for 461 South Downing Street

Taxable ValueLand-Additions$457,965Total-
Tax Record2025$6,661 ($555 / month)
Home Facts
Baths4Total Finished SqFt3,648 SqFtAbove Grade Finished SqFt3,648 SqFtStories2Lot Size4,792 SqFtStyleQuadraplexYear Built1968ZoningR3CountyCLATSOPAPN61021AC07901

Schools near 461 South Downing 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 461 South Downing Street, Seaside, OR 97138

461 South Downing Street is a multi-family home for sale in Seaside, OR 97138. This property was listed for sale on April 9, 2026 by eXp Realty LLC, it's currently listed at $935,400. It has been on the market for a total of 35 days and was last sold on May 9, 2019. This listing's school district is Seaside School District 10. Nearby schools include Seaside Heights Elementary School, Seaside Middle School and Seaside High School. 461 South Downing Street is a 0-bed, 0-bath, 3,216 sqft multi-family home built in 1968.

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 eXp Realty LLC

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: 05/11/2026 10:11 AM