OR > Seaside
Seaside, OR 97138,2149 S FRANKLIN ST
Seaside, OR 97138,2149 S FRANKLIN ST
Seaside, OR 97138,2149 S FRANKLIN ST
Seaside, OR 97138,2149 S FRANKLIN ST
Seaside, OR 97138,2149 S FRANKLIN ST
Seaside, OR 97138,2149 S FRANKLIN ST
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Matt Willcuts

Matt Willcuts

+1(503) 807-8008
Listed by Works Real Estate
$ 1,250,000
Est. payment | /mo

4,800 SqFt

Save Virtual Tour
$ 1,250,000
Est. payment | /mo
Save Virtual Tour

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

Regional Multiple Listing Service (RMLS)
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2149 S FRANKLIN ST