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$2,695,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 8 hours ago
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16 unit community in central Canby. All units are 2 bed / 1 bath floor plans on a spacious 1.02 acre site. Offered at $2,695,000 with an attractive -6.25% in place cap rate, proven consistency cash flow for years, stable long-term occupancy, RUBS utility reimbursements, strong historical operations and clear upside through continued unit upgrades and market rent growth. Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon.

Full Property Details for 340 S Locust St

General

  • Price: $2,695,000
  • Taxes: $18,755 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 551246483
  • Updated: 2/3/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Rent Includes: None

Location

  • County: Clackamas
  • Driving Directions: 45th

School Information

  • Elementary School: Other
  • Middle School: Baker Prairie
  • High School: Canby

Community

  • Community Name: 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Other
  • Stories/Levels: 2
  • Year Built: 1977

Lot Features

  • Lot Size (Acres): 1.02
  • Lot Size (Sq. Ft.): 44,431
  • Lot Size: 1 to 2.99 Acres

Financial Considerations

  • Tax Amount: $18,755.23
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: 2163 POPPS ADDITION LT 1 BLK 1
  • Disclosures/Reports: Disclosure
  • Property ID: 797187

Listed by SMI Commercial Real Estate LLC (503) 390-6060, Eric Swanson (541) 990-3795

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Listing agent

— 340 S Locust St —

  • Eric Swanson

    SMI Commercial Real Estate LLC

    503-390-6060

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

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 Pitney Bowes 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
2/03/2026
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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Listed by SMI Commercial Real Estate LLC (503) 390-6060, Eric Swanson (541) 990-3795

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340 S Locust St, Canby, OR 97013 (MLS# 551246483) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 340 S Locust St is currently listed for $2,695,000 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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