Listing provided courtesy of Works Real Estate- MLS# 650795690
Contact Information: [email protected]
Contact Information: [email protected]Images
Request Info2149 S FRANKLIN STSeaside, OR 97138
Multi-Family · 4,800 Sq. ft. | 0.23 Acres$985,000
Active
2149 S FRANKLIN ST Overview
- Time on Site:
- 480 days
- Visits:
- 16
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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2149 S FRANKLIN ST Facts & Features
- Type Multi-Family
- Sq. ft. 4,800
- Price/Sq.ft. $205
- Lot 0.23 Acres
Details
General
School Information
- Elementary School: Pacific Ridge
- Middle Or Junior School: Seaside
- High School: Seaside
Income/Expenses
- Gross Income: 106836.0
- Gross Scheduled Income: 106836.0
- Net Operating Income: 71322.0
- Operating Expense: 35514.0
Building Information
- Year Built: 1947
Location/Region
- Country: US
- County Or Parish: Clatsop
- MLS Area Major: 187 - Clatsop Co: Seaside South Central
Community/Development
- Community Features: Laundry
Rent/Lease Information
- Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 7333.28
- Tax Year: 2024
General Information
- Listing Terms: Call Listing Agent,Cash,Conventional,Trade
- Parcel Number: 13766
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: Multi U
Interior
Building Interior
- Building Area Total: 4800.0
General Information
- Foundation Details: Concrete Perimeter
- Heating: Wall Heater
Exterior
Parking Information
- Parking Features: Off Street
- Parking Total: 9.0
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.23
- Lot Size Dimensions: 100x100
- Lot Size Square Feet: 10018.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 8
- Sewer: Public Sewer
2149 S FRANKLIN ST Neighborhood
Community
97138 (Gearhart) Demographics
47
Median Age
84
Population Density (per sq. mile)
34%
College Educated
$47,575
Estimated Median Income
2,454
Estimated Total Home Owners
2,246
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2149 S FRANKLIN ST Monthly Cost
2149 S FRANKLIN ST Market Data
Based on the last 30 days in this zip code
$805,621
Average List Price
$394
Average Price per Square Foot
20
Properties Sold
100
Average Days on Market
218
Properties for Sale
2149 S FRANKLIN ST History
| Date | Value | Agent |
|---|---|---|
| 6/19/2026Source: Regional MLS | $985,000 -14.3% |
|
| 10/8/2025Source: Regional MLS | $1,150,000 -8.0% |
|
| 3/6/2025Source: Regional MLS | March 06, 2025 |