For Sale31d on marketHistoric · 88 yrs

2560 Cherry Ave NE

Salem, OR, 97301 • Highland • Marion County

$697,500

$343/sqft

-$27,000 since Mar 19, 2026

Down payment assistance available

7Beds

3Baths

2,032Sqft

0.17 acLot

1938Built

Property DNA

3 highlights

Character Home

Built 1938 · 88 years of history

Outdoor Living

Deck · Patio

Shed(s)

This home is getting attention

Listed 31 days ago · 495 views · 9 saves

Market activity

Demand and pricing signals for this listing

495 views

People checking out this listing

9 saves

Buyers have saved this home

31 days on market

Established listing

$343/sqft

Price per square foot

Selling Soon Prediction

Moderate

This home ranks in the top 35% of listings most likely to go under contract soon, based on market activity and demand signals.

Likelihood score

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About this home

Multi Family · Built 1938 · Historic

: Multiply Stream Turn Key Property T.S.F: 2,932 Sq. Ft. MustSee Appreciate 3 Separate units Full Remolded 2017 New Windows / Heat/ AC / Solar Panels 1- Main Home 2-Story Airbnb / VRBO 7 years Super Host • 3 Bedrooms / 1 Bath • Full Kitchen • Washer & Dryer • Patio Deck 2 –Basement Tenants 8 years • 2 Bedrooms / 1 Bath • Full Kitchen • Washer & Dryer • Private Cedar Deck • Sunroom (Add Bedroom) 3- Studio • 1 Bedroom /1 Bath • Full Kitchen • Full Bathroom

Standout features identified

Our analysis highlights patio deck, solar panels, and private cedar deck as key attractions of this home.

Estimated monthly payment

Based on current rates

$4,383/month

Principal & Interest$3,453

Property Tax$698

Insurance$233

Down payment20% ($139,500)

3%50%

Est. 6.30% rate · 30yr fixed · $558,000 loan

Full calculator →

At a glance

Key facts and listing details

TypeTriplex

Year Built1938

HeatingNatural Gas, Electric, Heat Pump, Hot Water, Forced Air

CoolingCentral Air

Parkingconcrete, conrete

Days on Zillow31 Days

Price/sqft$343

Property

Home typeMulti Family

Sub-typeTriplex

Year built1938

Systems

HeatingNatural Gas, Electric, Heat Pump, Hot Water, Forced Air

CoolingCentral Air

RoofComposition

ConstructionWood Siding, Lap Siding

Water / SewerPublic / Public Sewer

Parking & Outdoor

Parkingconcrete, conrete

BasementFinished

FencingFenced

Lot7,545 sqft

Location & Tax

NeighborhoodHighland

ZoningR-1

Annual tax$3,981

Parcel336066

Features & details

10 categories of property features

Interior Features

Interior

Breakfast Room/Nook

Office

Other(Refer to Remarks)

High Speed Internet

Appliances

Dishwasher

Disposal

Electric Range

Microwave

Gas Water Heater

Electric Water Heater

Flooring

Carpet

Vinyl

Heating

Natural Gas

Electric

Heat Pump

Hot Water

Forced Air

Cooling

Central Air

Exterior Features

Parking

concrete

conrete

Construction

Wood Siding

Lap Siding

Patio & Porch

Deck

Patio

Lot Features

Common Area

Dimension Above

Landscaped

Other Structures

Shed(s)

Room details

1 room detailed

Dining Room

Formal

Listing insights

Market data and value estimates

StatusFor Sale

Days on market31

Est. value$690,700

Est. rent$1,721/mo

Tax rate0.81%

Price/sqft$343

On marketFeb 23, 2026

PostedFeb 23, 2026

Last sold$225,900

MLS updatedMar 19, 2026

Tour days9

Favorites9

How are the schools in Salem?

3 schools rated nearby

Highland Elementary School

Elementary • Public • K-5

0.5 mi

Parrish Middle School

Middle • Public • 6-8

1.2 mi

North Salem High School

High • Public • 9-12

1.3 mi

Location

Salem, OR, 97301

Expand map

Price history

17 events

DateEventPrice$/sqftSource

Mar 19, 2026Price Change$697,500$343WVMLS

Feb 23, 2026Listed For Sale$724,500$357WVMLS

Mar 24, 2021Listing Removed——Owner

Dec 15, 2017Listing Removed$1,050$1Owner

Dec 5, 2017Price Change$1,050$1Owner

Nov 26, 2017Price Change$1,250$1Owner

Nov 13, 2017Listed For Rent$1,175$1Owner

Sep 17, 2017Listing Removed$1,050$1Owner

Sep 6, 2017Price Change$1,050$1Owner

Aug 23, 2017Price Change$1,175$1Owner

Aug 16, 2017Listed For Rent$1,050$1Owner

Mar 3, 2017Sold$225,900$111Public Record

Oct 19, 2016Price Change$239,900$118Real Estate Professionals Salem

Oct 4, 2016Price Change$243,900$120Real Estate Professionals Salem

Sep 20, 2016Price Change$248,900$122Real Estate Professionals Salem

Sep 7, 2016Price Change$258,900$127Real Estate Professionals Salem

Aug 9, 2016Listed For Sale$268,900$132Real Estate Professionals Salem

Price Change$697,500

Mar 19, 2026•$343/sqft•WVMLS

Listed For Sale$724,500

Feb 23, 2026•$357/sqft•WVMLS

Listing Removed—

Mar 24, 2021•Owner

Listing Removed$1,050

Dec 15, 2017•$1/sqft•Owner

Price Change$1,050

Dec 5, 2017•$1/sqft•Owner

Price Change$1,250

Nov 26, 2017•$1/sqft•Owner

Listed For Rent$1,175

Nov 13, 2017•$1/sqft•Owner

Listing Removed$1,050

Sep 17, 2017•$1/sqft•Owner

Price Change$1,050

Sep 6, 2017•$1/sqft•Owner

Price Change$1,175

Aug 23, 2017•$1/sqft•Owner

Listed For Rent$1,050

Aug 16, 2017•$1/sqft•Owner

Sold$225,900

Mar 3, 2017•$111/sqft•Public Record

Price Change$239,900

Oct 19, 2016•$118/sqft•Real Estate Professionals Salem

Price Change$243,900

Oct 4, 2016•$120/sqft•Real Estate Professionals Salem

Price Change$248,900

Sep 20, 2016•$122/sqft•Real Estate Professionals Salem

Price Change$258,900

Sep 7, 2016•$127/sqft•Real Estate Professionals Salem

Listed For Sale$268,900

Aug 9, 2016•$132/sqft•Real Estate Professionals Salem

Tax history

21 years of records

YearTax paidAssessed value

Mar 27, 2025$3,981$193,750

Mar 27, 2024$3,693$188,110

Mar 27, 2023$3,585$177,330

Mar 27, 2022$3,485$177,330

Mar 27, 2021$3,385$172,170

Mar 27, 2020$3,286$151,320

Mar 27, 2019$2,956—

Mar 27, 2018$2,919—

Mar 27, 2017$2,919—

Mar 27, 2016$2,509—

Mar 27, 2015$2,509—

Mar 27, 2014$2,447—

Mar 27, 2013$2,339—

Mar 27, 2012$2,339—

Mar 27, 2011$2,238$119,490

Mar 27, 2010$2,190$114,900

Mar 27, 2009$2,165$114,900

Mar 27, 2008$2,043$111,560

Mar 27, 2007$1,979—

Mar 27, 2006$1,946—

Mar 27, 2005$1,217—

Nearby homes

Off Market

$483,000

4 bd2 ba2,092 sqft

2510 Cherry Ave NE, Salem, OR

Off Market

$288,600

2 bd1 ba879 sqft

2585 Cherry Ave NE, Salem, OR

Off Market

$298,500

2 bd1 ba1,084 sqft

2555 Cherry Ave NE, Salem, OR

Recently Sold

$251,000

2 bd1 ba837 sqft

2595 Cherry Ave NE, Salem, OR

Off Market

$324,300

3 bd2 ba1,286 sqft

2515 Cherry Ave NE, Salem, OR

Off Market

$501,000

5 bd3 ba3,096 sqft

1155 Pine St NE, Salem, OR

Recently Sold

$304,000

2 bd1 ba1,020 sqft

2581 Cherry Ave NE, Salem, OR

Off Market

$295,500

6 bd2 ba2,884 sqft

2505 Cherry Ave NE, Salem, OR

Neighborhood details

Local context around this listing

Salem, OR • Marion County

Nearby neighborhoods

East LancasterFaye WrightFour CornersHayesvilleMorningsideNorth LancasterNorthgateSouth GatewaySoutheast Mill CreekWest Salem

Nearby cities

AumsvilleAuroraHubbardJeffersonKeizerSalemSilvertonStayton

Nearby zip codes

97301973029730497305973069730897309973109731297317

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Value estimates

Live

Est. value$690,700

Est. rent$1,721/mo

30yr rate est.6.30%

Affordability$4,191/mo

Accepted financing

FHAVA LoanCashConventional

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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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