340 S Locust St, Canby, OR 97013

Canby
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: eric swansonCell: 541-990-3795
Office: smi real estate
MLS#:837273
Source:OR_WVMLS
340 S Locust St,Canby, OR 97013
$2,595,000
  • - Beds
  • 16 Baths
  • 13,890 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$2,595,000
  • Price per sq. ft.:$186.83

About this home

Accepted Offer with Contingencies. Sunset Villa Apartments is a 16-unit community 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. Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon. Additional upside is supported by RUBS utility reimbursements and strong rental fundamentals in a supply-constrained market

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Home facts

  • Year built:1977
  • Listing ID #:837273
  • Added:51 day(s) ago
  • Updated:March 20, 2026 at 07:44 AM

Rooms and interior

  • Total bathrooms:16
  • Living area:13,890 sq. ft.

Structure and exterior

  • Year built:1977
  • Building area:13,890 sq. ft.
  • Lot area:1.02 Acres
  • Exterior Features:Covered Patio, Underground Sprinklers

Utilities

  • Water:City

Finances and disclosures

  • Price:$2,595,000
  • Price per sq. ft.:$186.83
  • Tax amount:$18,230 (2025)

Features and amenities

  • Amenities:Electric Water Heater
MLS LogoBased 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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