925 4th Avenue

Seaside, OR 97138

$699,000
Price
Beds
3,453 Sq. Ft.
$202 / Sq. Ft.
3,453
Sq. Ft.
$202
per Sq. Ft.

Description

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....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.
  1. Listed by Todd Braden • Soldera Properties, Inc

Property Details for 925 4th Avenue

Parking Features
Off Site, Off Street
Zoning
R2
Garage Spaces
4.00
LISTING UPDATED: 09/09/2024 01:28 PM

Property Details for 925 4th Avenue

StatusActive
MLS #24216868
Days on Market80
Taxes$4,875 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1941
Lot Size0.23 AC / 10,018 SF
CountyClatsop County

Building Information for 925 4th Avenue

Stories3Residences4Year Built1941Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 925 4th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: from Hwy 101, West on 4th Ave
  • Road Surface: Paved
School Information
  • Elementary School: Pacific Ridge
  • High School: Seaside
  • Middle Or Junior School: Seaside
Taxes and HOA
  • Management Name: Community Property Management
  • Tax Year: 2023
  • Tax Annual Amount: $4,875.35
  • Parcel Number: 11448
  • Tax Legal Description: HILLS ADD LT 3, 4 BLK 2
Property
Lot Information
  • Acres: 0.23
  • Lot Description: Level
  • Lot Size Square Feet: 10018.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1941
Utilities
  • Fuel Description: Electricity, Gas
  • Heating Description: Hot Water, Wall Heater
  • Sewer Description: Public Sewer
  • Rent Includes: Gas, Heat, Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Composition
Interior Features
  • Basement: Dirt Floor, Exterior Entry, Storage Space
  • Foundation Details: Concrete Perimeter
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $70,800.00
  • Gross Income Projected: $92,400.00
  • Gross Rent Multiplier: $9.87
  • Investor Information: According To Owner, Incomplete, Leases
  • Net Income Actual: $49,364.00
  • Net Income Projected: 77384
  • Operating Expenses Projected: $30,000.00
  • Operating Expense: $21,436.00
  • Storage: Basement, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 3453
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,100
  • Unit Type 1 SqFt: 800.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Rent: $1,200
  • Unit Type 2 SqFt: 600.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Rent: $1,500
  • Unit Type 3 SqFt: 700.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Beds Total: 4
  • Unit Type 4 Rent: $2,100
  • Unit Type 4 SqFt: 700
  • Unit Type 4 UnitsTotal: 1

Property History for 925 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 925 4th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$4,875 ($406 / month)
Home Facts
Baths4Total Finished SqFt2,833 SqFtAbove Grade Finished SqFt2,833 SqFtUnfinished Basement SqFt620 SqFtStories2Lot Size10,019 SqFtStyleQuadraplexYear Built1941Year Renovated1961ZoningR2CountyCLATSOPAPN61021AA00900

Schools near 925 4th Avenue

This home is within Seaside School District 10.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Seaside Heights Elementary School
PublicK to 5

Seaside Middle School
Public6 to 8

Seaside High School
Public9 to 12

Gearhart Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

925 4th Avenue is a multi-family home for sale in Seaside, OR 97138. This property was listed for sale on September 9, 2024 by Soldera Properties, Inc, it's currently listed at $699,000. It has been on the market for a total of 80 days and was last sold on January 21, 2005. This listing's school district is Seaside School District 10. Nearby schools include Seaside Heights Elementary School, Seaside Middle School and Seaside High School. 925 4th Avenue is a 0-bed, 0-bath, 3,453 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Soldera Properties, Inc

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 09/09/2024 01:28 PM