REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Works Real Estate
$ 1,250,000
Est. payment | /mo
4,800 SqFt
$ 1,250,000
Est. payment | /mo
4,800 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $260
MLS Listing ID 650795690
Year Built 1947
Annual Tax Amount $7,333
Tax Year 2024
Lot Size 10,018 Sqft
Property 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. With a strong rental history generating approximately $8,260 monthly, it has a potential of more than $9,100 monthly. 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 onsite community laundry room. With strong rental demand and the possibility for a conversion to motel for short-term rental potential, this property offers immediate cash flow and long-term investment versatility. Tours are available for accepted offers only. Don't miss this high-demand coastal investment opportunity!
Location
State OR
County Clatsop
Community Laundry
Area _187
Zoning Multi U
Interior
Heating Wall Heater
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Middle Schools Seaside
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://vimeo.com/1063010765/4aa1dd00bb
Jennifer Scholes
Broker | License ID: #201253488
+1(503) 888-7583 | jennscholes.realestate@gmail.com