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85690 CHERRY ST Florence, OR $ 650,000
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$ 650,000 Get more info
85690 CHERRY ST
$ 650,000
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85690 CHERRY ST

Florence, OR, 97439
$ 650,000
Bedrooms3 Baths3.0 Sq 2,117

Monthly Estimate*

$ 4,104

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Multi-Family Home for sale in Florence, OR

for $650,000 with 3 bedrooms and 3 full baths. This 2,117 square foot home was built in 1952 on a lot size of 0.33.

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!

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Multi-Family Active

Price

$ 650,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,342

Style

Lot Size

0.33

Year Built

1952

Town/City

Florence

County/Region

Lane

MLS | Web ID

214986547
Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition
Zoning RR2
Year Built 1952
Stories Count 1
Tax Year 2025
Parcel Number 0805513
Gross Income 59700.0
Community Features Laundry
County Lane
Net Operating Income 53829.0
Operating Expense 5871.0
Property Type MultiFamily
HOA N
Rent Includes Electricity
Status Active
Directions HWY 101 Right on Barrett Creek Ln Right on Old Ferry St Left on Barrett Creek Ln Right on Cherry
High School Siuslaw
City Florence
Disclosures Disclosure
Number Of Units Total 3
MLS Area _231
Lot Size Square Feet 14374.0
Listing Terms CallListingAgent Cash Conventional
Elementary School Siuslaw
Tax Annual Amount 2342.18
Middle/Junior High School Siuslaw
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 18-12-34-42-02401
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Driveway
Lot Features Level PrivateRoad
Water Source Private Well
Total Parking 5.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2117.0
Lot Size Acres 0.33
Road Surface Type Gravel
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Internal Only
Street Number 1 85690
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* Excluded Features
List By
Triple Oaks Realty Llc

Broker

541-225-8815

Contact

Affordability Calculator

$4,299
Per Month
95%
5%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
$195
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951246 Elementary School
1949898 Middle School
Siuslaw High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/26/2026$650,000 Listed Price

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85690 CHERRY ST, Florence, OR, 97439 is a Multi-Family Home for sale at $650,000 with 2,117 sqft and a lot size of 0.33. 85690 CHERRY ST has 3 bedrooms, 3.0 baths, and was built in 1952. The property's zip code is 97439 which is in Florence, OR

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