Under contract

Listed by: Smi Real Estate

Price cut: $100K (2/26)

$2,595,000

340 S Locust St, Canby, OR 97013

32beds

16baths

13,890sqft

Est.:

Multi Family

Built in 1977

-- sqft lot

$2,458,300 Zestimate^®

$187/sqft

$-- HOA

What's special

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

50 days

274

8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 32
Bathrooms: 16

Appliances

Included: Electric Water Heater
Laundry: Common Area

Features

Has fireplace: No

Interior area

Total structure area: 13,890
Total interior livable area: 13,890 sqft

Property

Features

Patio & porch: Covered Patio

Lot

Size: 1.02 Acres

Details

Zoning: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1977

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Canby

Financial & listing details

Price per square foot: $187/sqft
Annual tax amount: $18,230
Price range: $2.6M - $2.6M
Date on market: 2/3/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,1031 Exchange

Estimated market value

$2,458,300

$2.34M - $2.58M

$1,530/mo

Price history

Date	Event	Price
3/2/2026	Pending sale	$2,595,000$187/sqft
Source: RMLS (OR) #551246483 Report a problem
3/2/2026	Contingent	$2,595,000$187/sqft
Source: WVMLS #837273 Report a problem
2/26/2026	Price change	$2,595,000-3.7%$187/sqft
Source: RMLS (OR) #551246483 Report a problem
2/3/2026	Listed for sale	$2,695,000$194/sqft
Source: WVMLS #837273 Report a problem