$2,595,000

340 S LOCUST St, Canby, OR 97013

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon1.02acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Sunset Villa Apartments located in central Canby. The property features all 2 bed / 1 bath floor plans situated on a spacious 1.02-acre site. An onsite manager’s office, onsite laundry facilities, and 33 off-street parking stalls support stable, long-term operations.Offered at $2,595,000 with a strong 6.50% in-place cap rate, the asset has produced consistent cash flow for years. Additional upside is supported by RUBS utility reimbursements and strong rental fundamentals in a supply-constrained market.Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon.

Listing Status:
Pending
Date Added:
February 3, 2026
Data Last Updated:
April 5, 2026 at 7:42AM
Listing Office:
SMI Commercial Real Estate LLC : 503-390-6060
Listing Agent:
Eric Swanson : 541-990-3795
MLS ID:
551246483
  • A/C: None
  • Heating: Other
  • General: Other
  • Roofing: Other
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Clackamas
  • Zoning: R22163 POPPS ADDITION LT 1 BLK 100797187
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Eric Swanson , SMI Commercial Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lee Elementary School

1110 S Ivy St, Canby, OR, 97013

Grades KG-6

0.49 miles away

B

Baker Prairie Middle School

1859 SE Township Rd, Canby, OR, 97013

Grades 7-8

0.80 miles away

C

Canby High School

721 SW 4th Ave, Canby, OR, 97013

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.