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2149 S FRANKLIN ST

Seaside, OR 97138
Square Ft.
4,800
Active
Multifamily
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$1,250,000
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… Read MoreRead Less
Listing courtesy of Works Real Estate.
Listing Snapshot
Days Online
104
Last Updated
Square Ft.
4,800
Lot Size
0.23 Acres
Year Built
1947
MLS Number
650795690
Property Location Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 4800, Built in 1947, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Community
Community Features: Laundry
Expenses
Operating Expense: $29,924
Exterior Features
Exterior Description: ShingleSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: WallHeater
Income
CAP Rate: 5.54, Gross Income: $99,120, Gross Rent Multiplier: 12.61, Net Operating Income: $69,196
Lot
Features: Level, Size Acres: 0.23, Size Dimensions: 100x100, Size Range: SqFt10000to14999, Size Square Feet: 10,018, Size: 10,000 to 14,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner
Parking
Features: OffStreet, 9 total parking spots
Property
Number Of Units Total: 8, Property Condition: Existing, Zoning: Multi U
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $7,333, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,200, Area: 600, Units Total: 2, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,045, Area: 600, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $990, Area: 600, Units Total: 2, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $950, Area: 600, Units Total: 2, 1 total bathroom, 1 total bedroom
Unit Five
Actual Rent: $935, Area: 600, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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Will Fendon
Team Leader - Oregon Licensed Broker
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Schools In The Area

Check out nearby schools with ratings and contact info.
Seaside Heights Elementary School 503-738-5161 Public KG-5
Broadway Middle School 503-738-5560 Public 6-8
Seaside High School 503-738-5586 Public 9-12
Seaside Heights Elementary School 503-738-5161 Public KG-5
Seaside Heights Elementary School 503-738-5161 Public KG-5
Broadway Middle School 503-738-5560 Public 6-8
Seaside High School 503-738-5586 Public 9-12

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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.