$4,750 Closing Credit¹
#24023444, Lisa Stone, Listing Office: Premiere Property Group, LLC
$1,250,000 List price
2149 S Franklin St Seaside, OR 97138
$10,000
Closing credit¹
4,800 sqft
0.2 acres
$260 / sqft
House
Property details
About 2149 S Franklin St
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 units, spanning a total of 4,800 sqft across two buildings on a 10,000 sqft lot (100x100 ft), and includes nine off-street parking spots. With a strong rental history generating approximately $8,260 monthly, it has a potential of more than $9,100 monthly. This property consistently maintains full occupancy, often receiving hundreds of applicants when a unit becomes available. Located in a desirable neighborhood known for its well-kept homes, this property is just minutes from the Seaside Promenade and four blocks to the popular South Cove surf area. It has undergone major plumbing and electrical updates in 2008/2009, with new windows—10 left to install before closing. Offers an onsite community laundry room. With strong rental demand and the possibility for a conversion to motel for short-term rental potential, this property offers immediate cash flow and long-term investment versatility. Tours are available for accepted offers only. Don’t miss this high-demand coastal investment opportunity!
Highlights
Home typeOther
StatusActive
Size4,800 sqft
Lot size0.23 Acres
Year built1947
ParkingStreet Parking
MLS #650795690
Virtual tour
Summary
- MLS Number: 650795690
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Works Real Estate
- Office Phone: (503) 714-7053
- Listing Agent: Chrissy Tese-Moe
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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 10:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,250,000
2149 S Franklin St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 09, 2005 | Home Sold | $460,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $495,599 | $7,116 |
| 2021 | $467,152 | $6,922 |
| 2020 | $453,546 | $6,617 |
| 2018 | $427,513 | $6,181 |
History based on county public records data.
Nearby schools
6
Seaside Heights Elementary School
Public District KG-5
1.1 mi
•2000 Spruce Dr
6
Lewis & Clark Elementary School
Public District 3-5
12.3 mi
•92179 Lewis and Clark Rd
2
Warrenton Grade School
Public District KG-5
12.3 mi
•820 SW Cedar Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,638. Residents of Seaside, OR typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
34%
<35k
36%
35k-100k
26%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
9%
Single, with Kids
26%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
29%
18-34 yrs old
36%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
PGA/LPGA
Where do the neighbors shop?
Kmart
Family Dollar
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Sonic
What do the neighbors drive?
Buick
Ford
Oldsmobile
What do the neighbors listen to?
Oldies
New Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2149 S Franklin St
This home is located at 2149 S Franklin St in Seaside, OR and zip code 97138 in the Cartwright Park neighborhood. This 4,800 square foot home, which was built in 1947, sits on a 0.23 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $1,250,000.
While more than 1 listings in Seaside, OR in February 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 5 were sold below. In February 2025 in Seaside, OR there were 3.2% more homes for sale than in January. The median list price of listings available in February 2025 was $549,000, while the average time on the real estate market was 108 days.
From Rocket Homes Real Estate and based on county public records data.