340 S Locust St, Canby, OR 97013

$2,595,000

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Contingent

Listing Courtesy of: SMI REAL ESTATE
Agency Contact: Cell: 541-990-3795
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BEDS32 BATHS16 SQUARE FEET13,890 MLS#837273

STATUS PROPERTY TYPEMulti Unit - Multiple

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Property Description

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

Property Features

Property Type: Multi Unit - Multiple

Home Style: Flat

Lot Size: 1.02 Acres

Taxes: $18,230

Year Built: 1977

Units

Unit 1:

Bathroom(s): 1

Bedrooms: 2

Feature Descriptions

Days on Site: 67

Laundry: Laundry Center

Lot Dimensions: 1.02 Acre(s)

Patio: Covered Patio

Price Per Square Foot: 186.83

Sewer: City

Units: 16

Water: City

Water Heater: Electric

Listed By / Shown By

Listed By

Agency Name: SMI REAL ESTATE
Agency Contact: Cell: 541-990-3795

Shown By

Agent Name: Mark O'Brien
Agent Phone: (541) 619-1920
Agency Title: Coldwell Banker Valley Brokers

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Estimated Payment

$ 8,051.39 per month $5,775.35 Principal & Interest $1,519.17 Property Tax $756.88 Homeowner's Insurance

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340 S Locust St, Canby, OR 97013

$2,595,000

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/11/2026. The listing information on this page last changed on 04/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/11/2026 8:33:38 AM EST) or Willamette Valley MLS (last updated Fri 04/10/2026 11:51:09 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Valley Brokers may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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.

340 S Locust St, Canby, OR 97013

Property Description

Property Features

Units

Feature Descriptions

Listed By / Shown By

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340 S Locust St, Canby, OR 97013

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