Great Investment Opportunity in Seaside! This 1941 4 plex has recent updates and so many opportunities for income. Rentable spaces at market rate could generate over $90k annual gross income and a cap rate approaching 10%. Spacious grounds provide adequate parking that can be accessed from 4th avenue as well as a rear alleyway. 3 of the 4 units are 2 bed, one bath, with the 4th being a 1 bed, one bath. A fifth 2 bed, one bath, economy kitchenette could be incorporated into one of the upstairs units. The building and property are clean and easy to maintain.
Sold
$655,000
925 4th Ave, Seaside, OR 97138
9beds
3,453sqft
Multi Family
Built in 1941
-- sqft lot
$652,800 Zestimate®
$190/sqft
$2,098 Estimated rent
Home value
$652,800
Estimated sales range
Not available
$2,098/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 31, 2025 at 05:09am
Listed by:
Todd Braden 503-209-6339,
Soldera Properties, Inc
Bought with:
Elizabeth Marxer, 201207653
SALTAIRE Coastal Homes
Source: RMLS (OR),MLS#: 24216868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Hot Water
Features
- Basement: Dirt Floor,Exterior Entry,Storage Space
Interior area
- Total structure area: 3,453
- Total interior livable area: 3,453 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Site, Off Street
- Garage spaces: 4
Features
- Stories: 3
Lot
- Size: 10,018 sqft
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: 11448
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1941
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Seaside
HOA & financial
Other financial information
- Total actual rent: 5900
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/31/2025 | Sold | $655,000-5.6%$190/sqft |
Source:  RMLS (OR) #24216868 | ||
| 12/17/2024 | Pending sale | $694,000$201/sqft |
Source: RMLS (OR) #24216868 | ||
| 11/27/2024 | Price change | $694,000-0.7%$201/sqft |
Source: RMLS (OR) #24216868 | ||
| 9/9/2024 | Listed for sale | $699,000+174.1%$202/sqft |
Source: RMLS (OR) #24216868 | ||
| 11/28/2015 | Listing removed | $775 |
Source: Easom Property Management, Inc. | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,024 +3% | $349,709 +3% |
| 2023 | $4,875 +2.8% | $339,525 +3% |
| 2022 | $4,742 +2.2% | $329,637 +3% |
Find assessor info on the county website
Neighborhood: 97138
Nearby schools
GreatSchools rating
- 7/10Seaside Heights Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Seaside Middle SchoolGrades: 6-8Distance: 1.1 mi
- 2/10Seaside High SchoolGrades: 9-12Distance: 1.1 mi
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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