Iraida B. Hermann, MBA

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Listing provided courtesy of XP Realty LLC- MLS# 687991643MLS Provider

1601 SPRUCE DRSeaside, OR 97138

Multi-Family · 0.31 Acres
$650,000 Pending

1601 SPRUCE DR Overview

Time on Site:
80 days
Visits:
0

Prime Seaside Duplex + Portfolio Opportunity. Excellent opportunity to acquire a high-performing, cash-flowing duplex in a high-demand coastal rental market. Fully occupied with reliable in-place income and straightforward operations. Instant Scale: Looking for a larger footprint? This property is part of a larger release and can be purchased individually or seamlessly packaged with two Warrenton 4-plexes for a dominant 10-unit coastal portfolio. Drive-by only; please DO NOT DISTURB tenants under any circumstances. Interior showings will be scheduled upon an accepted offer. Note: Seller is a licensed Oregon real estate broker.

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1601 SPRUCE DR Facts & Features

  • Type Multi-Family
  • Lot 0.31 Acres

Details

General

School Information

  • Elementary School: Pacific Ridge
  • Middle Or Junior School: Seaside
  • High School: Seaside

Income/Expenses

  • Gross Income: 49432.0
  • Net Operating Income: 36005.0
  • Operating Expense: 13427.0

Building Information

  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Clatsop
  • MLS Area Major: 185 - Clatsop Co: Seaside North Central

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 4887.33
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: 13489
  • Property Condition: Approximately
  • Property Type: Multi Family
  • Zoning: R2

Interior

General Information

  • Basement: None
  • Cooling: None
  • Foundation Details: Slab
  • Heating: Forced Air

Exterior

Parking Information

  • Parking Features: Driveway,Garage

Lot Information

  • Lot Features: Gentle Sloping,Trees,Wooded
  • Lot Size Acres: 0.31
  • Lot Size Square Feet: 13503.0
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer

1601 SPRUCE DR Neighborhood

Community

97138 (SEASIDE) Demographics

47
Median Age
84
Population Density (per sq. mile)
34%
College Educated
$47,575
Estimated Median Income
2,454
Estimated Total Home Owners
2,246
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1601 SPRUCE DR Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1601 SPRUCE DR Market Data

Based on the last 30 days in this zip code

$805,621
Average List Price
$394
Average Price per Square Foot
21
Properties Sold
100
Average Days on Market
218
Properties for Sale
Calculations provided by Reliance Network

1601 SPRUCE DR History

Date Event Value Agent
5/6/2026Source: Regional MLS Status Change
Pending
4/10/2026Source: Regional MLS Added to Database
April 10, 2026