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$2,595,000

  • Sold
  • Sold
  • Multi-Family
  • Updated 2 days ago
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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.

Full Property Details for 340 S Locust St

General

  • Sold For: $2,595,000
  • Taxes: $18,755 (2025)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 551246483
  • Added to Site: 110 day(s) ago

Rental Information

  • Rent Includes: None

Location

  • County: Clackamas
  • Driving Directions: 45th

School Information

  • Midd School District: Baker Prairie
  • 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

  • Disclosures/Reports: Disclosure
  • Property ID: 797187

Listed by SMI Commercial Real Estate LLC (503) 390-6060, Eric Swanson (541) 990-3795
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

Listing agent

— 340 S Locust St —

  • Eric Swanson

    SMI Commercial Real Estate LLC

    503-390-6060

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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

Date
Details
Price
Change
Source
5/18/2026
Sold
$2,595,000
—
MLS
2/26/2026
Price Reduced
$2,595,000
-3.71%
MLS
2/03/2026
Listed
$2,695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by SMI Commercial Real Estate LLC (503) 390-6060, Eric Swanson (541) 990-3795
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

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Price Reduced near 340 S Locust St

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Recent Sales near 340 S Locust St

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340 S Locust St, Canby, OR 97013 - Photo 1 Sold
$2,595,000

340 S Locust St  Canby, OR 97013

  • Multi-Family
  • Closed
  • Updated 2 days ago
  • 32
    Total Beds
Listed By: ERIC. SWANSON | Smi Real Estate
Sold by NOM. NON-MEMBER SALE | Non-Member Sale
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Listed by LUXE Forbes Global Properties, Josh Hackenjos
Sold by Cascade Hasson Sotheby's International Realty, Kristen Kohnstamm

340 S Locust St, Canby, OR 97013 (MLS# 551246483) is a Multi-Family property that was sold at $2,595,000 on May 18, 2026. Want to learn more about 340 S Locust St? Do you have questions about finding other Multi-Family real estate for sale in Canby? You can browse all Canby real estate or contact a Coldwell Banker agent to request more information.