925 4th Ave, Seaside, OR

$699,000

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3,453

Square feet

0.23

Acres

About 925 4th Ave

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.

Features of 925 4th Ave

MLS® # 24216868
Price $699,000
Units 4
Square Footage 3,453
Acres 0.23
Year Built 1941
Type Multi Family
Status Active

Community Information

Address 925 4th Ave
Area 185 - Clatsop Co: Seaside North Central
City Seaside
County Clatsop
State OR
Zip Code 97138

Interior

Heating Hot Water, Wall Heater
Fireplace No
# of Stories 3
Basement Dirt Floor, Exterior Entry, Storage Space

Exterior

Exterior Vinyl Siding
Lot Description Level
Roof Composition
Foundation Concrete Perimeter

School Information

Elementary Pacific Ridge
Middle Seaside
High Seaside

Additional Information

Date Listed September 9th, 2024
Days on Market 61
Zoning R2
Short Sale No
RE / Bank Owned No
Cap Rate 7.06

Unit 1 Details

Beds 2
Baths 1
Rent $1,100

Unit 2 Details

Beds 1
Baths 1
Rent $1,200

Unit 3 Details

Beds 2
Baths 1
Rent $1,500

Unit 4 Details

Beds 4
Baths 2
Rent $2,100

Listing Details

OfficeSoldera Properties, Inc

Listing Map

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