Listing Courtesy of: Chrissy Tese-Moe - Works Real Estate
503-714-7053
$1,150,000
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2149 S FRANKLIN St Unit 2149 Seaside, OR 97138
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
4,800
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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!
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MLS#
650795690
Property Type
Multi-Family
Status
Year Built
1947
Square Feet
4,800
sq. ft
Lot Size
0.23
Sewer
Public Sewer Available
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