Active

Multifamily

1560 S DOWNING ST

Seaside, OR 97138

Square Ft.

2,522

$615,000

Charming Fourplex Just Blocks from the Beach! Don’t miss this fantastic opportunity just three blocks from the beach and Seaside Promenade! This well-maintained fourplex offers four 2-bedroom, 1-bath units—each with its own range, oven, and refrigerator. Units 1–3 feature zoned electric heat; Unit 4 has a gas furnace. All… Read MoreRead Less

Listing courtesy of Realty One Group Prestige.

Listing Snapshot

Days Online

118

Last Updated

Sep 11, 2025

Square Ft.

2,522

Lot Size

0.11 Acres

Year Built

1941

MLS Number

639279606

30 Days Snapshot Of 97138

$754k

+28%

(avg) sold price

21

-25%

homes sold

63

-37%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Building Area Total: 2522, Built in 1941, Storage: None, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4

Community

Community Features: AllLandscaping, Laundry

Cooling

Cooling: None

Expenses

Operating Expense: $10,066

Exterior Features

Exterior Description: CementSiding, WoodSiding

Foundation

Foundation Details: ConcretePerimeter

Heating

Heating: WallFurnace, Zoned

Income

CAP Rate: 4.7, Gross Income: $39,000, Gross Rent Multiplier: 15.77, Net Operating Income: $28,934

Lot

Features: FloodZone, Level, Size Acres: 0.11, Size Range: SqFt3000to4999, Size Square Feet: 4,791, Size: 3,000 to 4,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner

Parking

Features: OnStreet

Property

Number Of Units Total: 4, Property Condition: Existing, Zoning: R2

Roof

Roof: Composition

Security Features

Features: None

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $3,835, Legal Description, Tax Year: 2024

Unit One

Actual Rent: $850, Features: Deck, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Features: Deck, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Three

Actual Rent: $750, Features: Deck, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Four

Actual Rent: $800, Features: Deck, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Gas, Hot Water Description: Electricity, Water Source: PublicWater

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Seaside Heights Elementary School 503-738-5161 Public KG-5

Broadway Middle School 503-738-5560 Public 6-8

Seaside High School 503-738-5586 Public 9-12

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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 Keller Williams Portland Premiere are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Sep 11, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Sep 11, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

1560 S DOWNING ST

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