Kim Shelby

340 S Locust St, Canby, OR 97013

$2,595,000
  • 340 S Locust St, Canby, OR 97013 Main Photo

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Contingent Price Reduced by $100,000 on February 26th, 2026

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

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: 29
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: Kim Shelby
Agent Phone: (503) 991-6600
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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