2149 S FRANKLIN ST, Seaside, OR 97138
Clatsop County
Key Facts
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 windows—10 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!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1947
Living Area
4,800 sq ft
Lot Size
0.23 acres
Lot Dimensions
100x100
Parking Spaces
9
Zoning
Multi U
Days on Market
382
MLS® Listing#
650795690
Property Features
Cooling
Heating
Parking
Laundry
Lot Features
Foundation
Roof
Sewer
Water Source
Schools
- Middle:
- Seaside
Financial Details
Annual Taxes
$7,333
Tax year 2024
Parcel Number
13766
Directions
2149 S Franklin St, Seaside, OR 97007
Affordability Calculator
$230,000
Estimated monthly payment
$6,121/mo
Principal $920,000 · Est. interest $1,283,482 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Seaside, OR
- $570,588
- Median Listing Price
- 224
- Median Days on Market
- 1,747
- Median Sq Ft
- $345
- Median Price / Sq Ft
- 59
- Active Listings
- This home’s price is 102% above the area median.
- Its price per sq ft is 31% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Seaside, OR.
Location
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Points of Interest in Seaside, OR
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2270 SKYLINE DR, Seaside, OR | $889,000 | 6 | 4 | 3,530 |
Moving Cost Estimate
EXIT Agents in Seaside
Listing Courtesy: Works Real Estate - chrissy@worksrealestate.co
Presented by: Chrissy Tese-Moe
Last Updated: 2025-03-06