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$724,500 Just Listed
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Property Description
Investor's Dream Home Total living sq. ft. 2,932 Purchase Includes 3-Seperate Units with Separate Entry. (1)2 Story Home 3/1 with Full Kitchen W/D, extra large patio deck.(2) Complete Basement 2/1 Full Kitchen, W/D private Cedar deck, Sun Room or Bedroom. (3) Studio 1/1 Full Kitchen, A/C, Heat
Full Property Details
Full Property Details for 2560 Cherry Av
General
- Price: $724,500
- Status: Active
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 837940
- Updated: 2/23/2026
- Added to Site: 4 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Location
- County: CENTRAL SALEM
- Driving Directions: Turn off Pine St onto Cherry Ave NE St First house on right
School Information
- Elementary School: Highland
- Middle School: Parrish
- High School: North Salem
Heating & Cooling
- Heating Type: Gas, Electric, Central AC, Heat Pump, Hot Water, Forced Air
- Heating Fuel: Gas, Electric, Central AC, Heat Pump, Hot Water, Forced Air
- Water Heater: Electric, Gas
Utilities
- Sewer: City
- Water: City
Structural Information
- Basement Desc.: Finished
- Roof: Composition
- Square Feet: 2,032
- Year Built: 1938
Unit Information
- Units in Building: 3
Unit 1
- Square Feet: 1487
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Square Feet: 932
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Square Feet: 3
Unit 6
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.169
- Frontage Feet: 932
- Zoning: R-1
- Lot Description: 073w14AC05
Financial Considerations
- Price Per Sq. Ft.: $356.55
- Price Per Acre: $4,286,982.25
- Assessment Year: 1938
Disclosures and Reports
- Lot Number: 073w14AC05
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Schools
Schools serving 2560 Cherry Av
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Highland Elementary School, Salem, OR 530 Highland Ave NE, Salem, OR 97303 | PK-5 | 0.5 mi |
Parrish Middle School 802 Capitol Street Northeast, Salem, OR 97301 | 6-8 | 1.2 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2560 Cherry Av
Date
Details
Price
Change
Source
2/23/2026
Listed
$724,500
220.72%
MLS
3/02/2017
Sold
$225,900
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2560 Cherry Av
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,693
3%
$188,110
3%
2023
$3,585
6%
$182,640
6%
2021
$3,385
-3%
$172,170
-3%
2022
$3,484
6%
$177,330
6%
2020
$3,286
15%
$167,160
10%
2019
$2,868
-2%
$151,320
3%
2018
$2,919
11%
$146,920
3%
2017
$2,634
5%
$142,650
3%
2016
$2,509
-1%
$138,500
3%
2015
$2,528
3%
$134,470
3%
2014
$2,447
5%
$130,560
3%
2013
$2,340
—
$126,760
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2560 Cherry Av
2560 Cherry Av, Salem, OR 97301 (MLS# 837940) is a Multi-Family property with 3 units containing 7 bedrooms and 0 full bathrooms. 2560 Cherry Av is currently listed for $724,500 and was received on February 23, 2026. Want to learn more about 2560 Cherry Av? Do you have questions about finding other Multi-Family real estate for sale in Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

