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 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 windows10 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!
Details
| MLS # | 650795690 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1947 |
| Days On Site | 569 |
| Listing Provided By | Works Real Estate | Chrissy Tese-Moe |
Features
| SQ Feet | 4,800 |
|---|---|
| Units | 8 |
| Zoning | Multi U |
| Acreage | 0.23 |
Interior
| Heating | Wall Heater |
|---|---|
| Heating Yn | No |
| Cooling Yn | No |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Level |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Off Street |
Taxes
| Property | 7333 |
|---|
Area Information
| State | OR |
|---|---|
| County | Clatsop |
| City | Seaside |
| Zip Code | 97138 |
| School District | Seaside |
| Elementary School | Pacific Ridge |
| High School | Seaside |
| Listing VS Median (in 97138) | |
Price: $849,900 low | high Med: $681,950 sqft: 4,800 low | high Med: 2,236 $ / sqft: $177 low | high Med: $312 On site: 569 low | high Med: 94 | |
Market Activity 97138
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Learn More About This Property
| State | OR |
|---|---|
| County | Clatsop |
| City | Seaside |
| Zip Code | 97138 |
| School District | Seaside |
| Elementary School | Pacific Ridge |
| High School | Seaside |
| Listing VS Median (in 97138) | |
Price: $849,900 low | high Med: $681,950 sqft: 4,800 low | high Med: 2,236 $ / sqft: $177 low | high Med: $312 On site: 569 low | high Med: 94 | |
 | $900,0001445 S Roosevelt DrSeaside, OR 97138 |
 | $1,395,0001161 S PromSeaside, OR 97138 |