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503-935-2560
Smira Group
340 S LOCUST ST, Canby, OR 97013
- $2,595,000
- Sold Price
- $2,595,000
- List Price
- $2,595,000
- Closing Date
- May 18, 2026
- Days on Market
- 104
- MLS#
- 551246483
- Property Type
- Multifamily
- Lot Size
- 1 to 2.99 Acres
- Region
- Oregon City, Beavercreek, Canby, Molalla, Mulino
- Status
- SOLD
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.
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Additional Information
- Tax Amount
- $18,755
- Year Built
- 1977
- High School
- Canby
- Elementary School
- Other
- Middle School
- Baker Prairie
- Acres
- 1.02
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Other
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity, Other
- Exterior Description
- Other
- Roof Type
- Other
- Sewer Description
- Public Sewer
- Number Of Units Total
- 16
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Sq Ft
- 1
- Unit Type One Units Total
- 16
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Listing courtesy of SMI Commercial Real Estate LLC. Selling Office: Non Rmls Broker.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.