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Listed by SMI Commercial Real Estate LLC
Bought with Non Rmls Broker
Bought with Non Rmls Broker
$ 2,595,000
$ 2,595,000
Est. payment /mo
Sold on 05/18/2026
340 S LOCUST ST Canby, OR 97013
1.02 Acres Lot
UPDATED:
Key Details
Sold Price $2,595,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 551246483
Sold Date 05/18/26
Year Built 1977
Annual Tax Amount $18,755
Tax Year 2025
Lot Size 1.020 Acres
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.
Location
State OR
County Clackamas
Area _146
Zoning R2
Interior
Heating Other
Cooling None
Exterior
Roof Type Other
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Other
Middle Schools Baker Prairie
High Schools Canby
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS