461 S DOWNING ST, Seaside, OR, 97138

This well-maintained 4-plex sits on a flat, 50’ x 100’ lot in the heart of downtown Seaside. Located just 3 blocks from the beach and 2 blocks from the Necanicum River, the property is an attractive location for long term or mid-term occupants. Seaside’s economy supports both long-term rentals and mid-term rentals, making this a versatile asset for investors seeking resilient cash flow. Proven rental track record with excellent occupancy history. Three long-term occupants in place and one newer occupant giving reliable income with minimal vacancy.  Ideal for 1031 exchange buyers, portfolio expansion, or hands-on investors looking to add value through minor cosmetic tweaks. Unit 4 fully renovated in 2025, Unit 1 renovated in 2021, Unit 3 renovated in 2019 and Unit 2 remains original. All new exterior doors across the property (2024). New windows installed on three units in 2024 (Unit 4 windows remain functional.