For sale

Listed by: First Commercial Real Estate • CONRAD VENTI • Contact: 503-559-2694

$550,000

3705 Cherry Ave NE, Keizer, OR 97303

5beds

3baths

1,974sqft

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Duplex

Built in 1949

-- sqft lot

$541,900 Zestimate^®

$279/sqft

$-- HOA

What's special

Existing duplex

This .44-acre duplex site in Keizer, Oregon presents a strong infill development opportunity with income in place. The property is zoned Mixed-Use, allowing for a wide range of permitted and special uses, including middle housing and cottage cluster development, subject to city approval. The larger lot size and flexible zoning support increased density and long-term redevelopment potential. The existing duplex provides interim cash flow while future plans are evaluated. The unit mix includes a 1,442 SF, 4-bedroom / 1.5-bath unit and a 480 SF studio unit, making the site well suited for investors or developers seeking near-term income with clear upside through redevelopment.

161 days

175

10

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3

Features

Basement: Unfinished
Has fireplace: No

Interior area

Total structure area: 1,974
Total interior livable area: 1,974 sqft

Property

Parking

Parking features: driveway parking

Features

Frontage length: 103

Lot

Size: 0.44 Acres

Details

Parcel number: 525723
Zoning: MU

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Roof: Composition

Condition

New construction: No
Year built: 1949

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Keizer

Financial & listing details

Price per square foot: $279/sqft
Tax assessed value: $419,360
Annual tax amount: $2,804
Price range: $550K - $550K
Date on market: 1/28/2026
Listing agreement: Exclusive Right To Sell
Total actual rent: 2750

Estimated market value

$541,900

$515,000 - $569,000

$1,624/mo

Price history

Date	Event	Price
1/28/2026	Listed for sale	$550,000+83.3%$279/sqft
Source: WVMLS #837090 Report a problem
1/14/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
12/26/2020	Listed for rent	$1,800$1/sqft
Source: Owner Report a problem
7/2/2009	Sold	$300,000$152/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,804 +2.9%	$162,070 +3%
2024	$2,726 +5.3%	$157,350 +6.1%
2023	$2,589	$148,330
2022	--	$148,330 +3%
2021	$2,435 +2.7%	$144,010 +6.1%
2020	$2,372 +4.1%	$135,750
2019	$2,278 +1.3%	--
2018	$2,247	--
2017	$2,247 +16%	--
2016	$1,937	--
2015	$1,937 +3.1%	--
2014	$1,878 +5.6%	--
2013	$1,778	--
2012	$1,778 +4.5%	--
2011	$1,701 +4.1%	$107,200 +6.1%
2010	$1,634 +0.8%	$101,050
2009	$1,621 +6%	$101,050 +3%
2008	$1,529 +1.4%	$98,110
2007	$1,508 +1.7%	--
2006	$1,484 +1.4%	--
2005	$1,463	--

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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