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
$646,800 Zestimate®
$190/sqft
$1,922 Estimated rent
Owner options
What's special
Zillow last checked: 7 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