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About the Listing PWRK01 - MOECHRIS
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!
Listing Highlights for 2149 S Franklin St
Status
Active
Days on Site
184
Property Type
Multi-Family
MLS ®
650795690
Year Built
1947
Total Square Footage
4,800
Lot/Acreage
0.23
Interior Details
- Bedrooms: 11
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 9
- Lot Dimensions: 100x100
- Zoning: Multi U
- Roof: Composition
- Others: Existing
- Sewer: Public Sewer
- Parking Features: Off Street
Financial Details
- Tax Amount: $7,333
- Taxes w/Assessments: N/A
- Tax/Property ID: 13766
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
2149 S Franklin St Seaside, OR 97138
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