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  • $868,000

    221 N Downing St, Seaside, OR 97138

    16beds
    8,414sqft
    Multi Family
    Built in 1909
    -- sqft lot
    $865,600 Zestimate®
    $103/sqft
    $2,013 Estimated rent

    Home value

    $865,600

    $710,000 - $1.06M

    $2,013/mo

    Zestimate® history
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    $2,013/mo

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    $4,833/mo

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    $4,833/mo

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    What's special

    Invest in a premium rental property just one block from beach access in Seaside. This well-maintained 4-plex is uniquely configured as a triplex plus a charming standalone cottage, offering versatility and strong rental income. Each unit has been thoughtfully updated with coastal-inspired colors and stylish, modern light fixtures. Off-street parking enhances convenience, while a shared sun deck and laundry room foster a welcoming community atmosphere. Ideally located just three blocks from the city center and downtown Seaside, this property provides much-needed quality housing in a prime location. Recent upgrades include new flooring in the second-floor, two-bedroom apartment, newly installed siding on the east side, and a roof replacement on the triplex in 2022. Total Monthly Rental Income: $6,800. Don’t miss this exceptional opportunity to own a high-performing rental property in one of the Oregon Coast’s most desirable destinations. Accurate room count is a total of 6 bedrooms, 5 bathrooms.

    Zillow last checked: 8 hours ago

    Listing updated: May 23, 2025 at 04:15am

    Listed by:

    Christy Coulombe 503-724-2400,

    SALTAIRE Coastal Homes

    Bought with:

    Faith Bailey, 201240489

    SALTAIRE Coastal Homes

    Source: RMLS (OR),MLS#: 648855071MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 14
    • Full bathrooms: 14
    Heating
    • Forced Air, Fireplace(s)
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator, Gas Water Heater
    • Laundry: Common Area
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 8,414
    • Total interior livable area: 8,414 sqft

    Property

    Parking
    • Parking features: Driveway, Paved
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    Lot
    • Size: 4,791 sqft
    • Features: Level, Ocean Beach One Quarter Mile Or Less, SqFt 3000 to 4999
    Details
    • Parcel number: 11646
    • Zoning: R3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Block, Concrete Perimeter
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • Year built: 1909

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: All Landscaping, Laundry
    Location
    • Region: Seaside

    HOA & financial

    Other financial information
    • Total actual rent: 17600

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/23/2025Sold$868,000-1.1%$103/sqft
    Source: RMLS (OR) #648855071 Report a problem
    4/4/2025Pending sale$878,000$104/sqft
    Source: RMLS (OR) #648855071 Report a problem
    4/1/2025Listed for sale$878,000+26.5%$104/sqft
    Source: RMLS (OR) #648855071 Report a problem
    11/4/2021Sold$694,000-7.5%$82/sqft
    Source: RMLS (OR) #21192476 Report a problem
    8/25/2021Pending sale$750,000$89/sqft
    Source: RMLS (OR) #21192476 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,935 +3%$482,729 +3%
    2023$6,730 +2.8%$468,670 +3%
    2022$6,546 +2.2%$455,020 +3%

    Find assessor info on the county website

    Neighborhood: 97138

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pacific Ridge
    • Middle: Seaside
    • High: Seaside

    Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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