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$2,595,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 32 Total Beds

Listed By: ERIC. SWANSON | Smi Real Estate | (541) 990-3795 | Cell: 541-990-3795

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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

Full Property Details for 340 S Locust St

General

  • Price: $2,595,000
  • Taxes: $18,230 (2025)
  • Status: Under Contract
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 837273
  • Updated: 3/2/2026
  • Added to Site: 65 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 16

Bedrooms

  • Total Bedrooms: 32

Location

  • County: OUTSIDE 4 COUNTY AREA
  • Complex: 340 S Locust St Canby
  • Driving Directions: High 99 through Canby. Head East on Locust. Property is on the North side of Locust

Heating & Cooling

  • Water Heater: Electric

Utilities

  • Sewer: City
  • Water: City

Structural Information

  • Square Feet: 13,890
  • Year Built: 1977

Unit Information

  • Units in Building: 16

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Level: Ticor

Unit 5

  • Square Feet: 2

Lot Features

  • Lot Size (Acres): 1.02
  • Zoning: R2

Financial Considerations

  • Price Per Sq. Ft.: $186.83
  • Price Per Acre: $2,544,117.65
  • Assessment Year: 1977
  • Tax Amount: $18,230
  • Tax Year: 2025

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Schools serving 340 S Locust St

School District:Canby School District 86
NameGradesDistance
Carus School
14412 South Carus Road, Oregon City, OR 97045
K-65.6 mi
Baker Prairie Middle School
1859 Southeast Township Road, Canby, OR 97013
7-80.8 mi
Canby High School
721 Southwest 4th Avenue, Canby, OR 97013
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 340 S Locust St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Price Reduced
$2,595,000
-3.71%
MLS
2/03/2026
Listed
$2,695,000
10.63%
MLS
10/20/2021
Sold
$2,436,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 340 S Locust St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,755
3%
$1,058,625
3%
2024
$18,230
2%
$1,027,792
3%
2023
$17,800
10%
$997,857
6%
2021
$16,146
-4%
$940,577
-3%
2022
$16,767
4%
$968,794
6%
2021
$16,146
7%
$913,182
3%
2019
$15,100
2%
$886,585
3%
2018
$14,764
3%
$860,762
3%
2017
$14,389
3%
$835,691
3%
2016
$13,909
4%
$811,350
3%
2015
$13,432
3%
$787,718
3%
2014
$13,045
3%
$764,775
3%
2013
$12,689
—
$742,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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340 S Locust St, Canby, OR 97013 (MLS# 837273) is a Multi-Family property with 16 units containing 32 bedrooms and 0 full bathrooms. 340 S Locust St is currently listed for $2,595,000 and was received on February 03, 2026. Want to learn more about 340 S Locust St? Do you have questions about finding other Multi-Family real estate for sale in Southwest Canby? You can browse all Southwest Canby real estate or contact a Coldwell Banker agent to request more information.

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