Discover an exceptional, high-performing investment opportunity nestled in a private forest setting just one mile from Old Town Florence. Positioned right in front of the famous sand dunes and the Siuslaw River, 85690 Cherry St combines lifestyle appeal with unbeatable income generation. Comprising two well-maintained buildings across a peaceful multi-unit layout, this triplex features 100% modernly renovated interiors and exteriors. Every unit has been thoughtfully upgraded, allowing the property to command top-tier, above-market rents with zero deferred maintenance. With strong historical demand, low operational overhead, and gorgeous natural surroundings, this turnkey asset is built for immediate cash flow. Whether you are expanding your portfolio or breaking into coastal multi-family real estate, this rare find checks every box. Schedule your private tour today!
Active
Price cut: $51K (10/16)
$599,000
85690 Cherry St, Florence, OR 97439
3beds
2,117sqft
Multi Family
Built in 1952
-- sqft lot
$-- Zestimate®
$283/sqft
$-- HOA
What's special
Private forest settingGorgeous natural surroundingsTwo well-maintained buildings
- 66 days
- 478
- 33
Zillow last checked:
Listing updated:
Listed by:
Melissa Stiltner 541-225-8815,
Triple Oaks Realty LLC
Source: RMLS (OR),MLS#: 214986547
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- None
Appliances
- Included: Microwave, Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Basement: Crawl Space
Interior area
- Total structure area: 2,117
- Total interior livable area: 2,117 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 0.33 Acres
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: 0805513
- Zoning: RR2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Private, Well
Community & HOA
Community
- Features: Laundry
Location
- Region: Florence
Financial & listing details
- Price per square foot: $283/sqft
- Tax assessed value: $347,401
- Annual tax amount: $2,342
- Date on market: 8/25/2026
- Listing terms: Call Listing Agent,Cash,Conventional
- Total actual rent: 4975
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Price change | $599,000-7.8%$283/sqft |
Source:  RMLS (OR) #214986547 Report a problem | ||
| 8/26/2026 | Listed for sale | $650,000+160%$307/sqft |
Source: RMLS (OR) #214986547 Report a problem | ||
| 3/25/2022 | Sold | $250,000-15.3%$118/sqft |
Source: RMLS (OR) #21403201 Report a problem | ||
| 1/14/2022 | Pending sale | $295,000-9.2%$139/sqft |
Source: RMLS (OR) #21403201 Report a problem | ||
| 12/29/2021 | Listed for sale | $325,000$154/sqft |
Source: RMLS (OR) #21403201 Report a problem | ||
| 12/21/2021 | Pending sale | $325,000$154/sqft |
Source: RMLS (OR) #21403201 Report a problem | ||
| 12/20/2021 | Listed for sale | $325,000$154/sqft |
Source: RMLS (OR) #21403201 Report a problem | ||
| 12/10/2021 | Pending sale | $325,000$154/sqft |
Source: RMLS (OR) #21403201 Report a problem | ||
| 11/18/2021 | Listed for sale | $325,000$154/sqft |
Source: RMLS (OR) #21403201 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,342 +3.4% | $209,967 +3% |
| 2024 | $2,265 +2.7% | $203,852 +3% |
| 2023 | $2,205 +4.4% | $197,915 +3% |
| 2022 | $2,112 +2.8% | $192,151 +3% |
| 2021 | $2,054 +3% | $186,555 +3% |
| 2020 | $1,995 +4% | $181,122 +3% |
| 2019 | $1,917 -1% | $175,847 +3% |
| 2018 | $1,937 | $170,726 +3% |
| 2017 | $1,937 +3.8% | $165,753 +3% |
| 2016 | $1,867 +2.9% | $160,925 +3% |
| 2015 | $1,814 +3% | $156,238 +3% |
| 2014 | $1,762 +8% | $151,687 +3% |
| 2013 | $1,631 +6.4% | $147,269 +3% |
| 2012 | $1,533 | $142,980 +3% |
| 2011 | -- | $138,816 +3% |
| 2010 | -- | $134,773 +3% |
| 2009 | -- | $130,848 +3% |
| 2008 | -- | $127,037 +3% |
| 2007 | -- | $123,337 +3% |
| 2006 | -- | $119,745 +3% |
| 2005 | -- | $116,257 +3% |
| 2004 | -- | $112,871 +27.9% |
| 2003 | -- | $88,255 +3% |
| 2002 | -- | $85,684 +3% |
| 2001 | -- | $83,188 +1.9% |
| 2000 | -- | $81,656 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97439
Nearby schools
Schools provided by the listing agent
- Elementary: Siuslaw
- Middle: Siuslaw
- High: Siuslaw
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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