Gillespie realty group

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$650,000
38 Days On Site

85690 CHERRY ST
Florence, OR97439

For Sale|Multi Family|Active
3
Beds
3
Total Baths
2,117
SqFt
$307
/SqFt
1952
Built
County:
Lane
Listing courtesy of Melissa Stiltner of Triple Oaks Realty LLC (541) 225-8815

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

85690 CHERRY ST85690 CHERRY ST85690 CHERRY ST85690 CHERRY ST
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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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Listing Snapshot
Price 
$650,000
Days On Site 
38 Days
Bedrooms 
3
Inside Area (SqFt) 
2,117 sqft
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.33 Acres
Year Built 
1952
MLS® Number 
214986547
Status 
Active
Property Tax 
$2,342.18
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
19 hours agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.33
Disclosures 
Disclosure
Foundation 
Concrete Perimeter
Parking 
Driveway
Parking Spaces 
5
Property Condition 
Updated/Remodeled
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
2117
Water Source 
PrivateWell
Zoning 
RR2
Interior Features
Basement 
Crawl Space
Laundry Features 
Common Area
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Exterior Features
Lot Features 
Level
Roof 
Composition
Community Features
MLS Area 
_231
Financing Terms Available 
CashConventional
Roads 
Gravel
Schools
School District
Unknown
Elementary School
Siuslaw
Middle School
Siuslaw
High School
Siuslaw
Listing courtesy of Melissa Stiltner of Triple Oaks Realty LLC (541) 225-8815



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Triple Oaks Realty LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-10-01 07:51 PM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
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