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Listing provided courtesy of eXp Realty LLCMLS# 360988267MLS Provider
  • 81 days on site
  • 0 views

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.

Source: Regional MLS, MLS#: 360988267

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  • Property Type
    Residential Income
  • Lot
    0.11 acres

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  • Median Age
    47
  • Population Density
    84
  • College Educated
    34%
  • Estimated Median Income
    $47,575
  • Estimated Total Home Owners
    2,454
  • Estimated Total Renters
    2,246
  • Owner / Renter Divide
    52% / 48%
  • Estimated Average Household Size
    2
  • Total Population
    10,799
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 461 S DOWNING ST

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/25/2026Source: Regional MLS Price Reduction
$900,000 -3.8%
4/9/2026Source: Regional MLS Added to Database
April 09, 2026