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2149 S Franklin St
Seaside, OR 97138
South Shore Seaside Oregon 8-Plex · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 4 blocks to South Shore Beach access, 1 block to golf course, 6 minutes from Seaside Promenade. High demand rental property.
EXECUTIVE SUMMARY
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, 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. Offers an onsite 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. Don’t miss this high-demand coastal investment opportunity! 1031 exchange, would consider a trade.
Property Details:
Property Details:
PROPERTY FACTS
| Price Per Unit | $199,597 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.02% | Lot Size | 0.23 AC |
| No. Units | 8 | Building Size | 4,800 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1947 |
| Zoning | Multi U - Multi Use | ||
| Price Per Unit | $199,597 CAD |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,800 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Zoning | Multi U - Multi Use |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Range
- Tub/Shower
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 13766 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $725,260 CAD |
PROPERTY TAXES
Parcel Number
13766
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$725,260 CAD
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