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$2,695,000
New Listing
340 S LOCUST STCanby, OR 97013
For Sale|Multi Family|Active
2
Beds
1
Total Bath
1977
Built
County:
Clackamas
Listing courtesy of Eric Swanson of SMI Commercial Real Estate LLC (541) 990-3795
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503-449-3661
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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.
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Listing Snapshot
Price
$2,695,000
Days On Site
0 Days
Bedrooms
2
Inside Area (SqFt)
N/A
Total Baths
1
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.02 Acres
Year Built
1977
MLS® Number
551246483
Status
Active
Property Tax
$18,755.23
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 hours ago | Listing updated with changes from the MLS® | |
| 3 hours ago | Listing first seen on site |
General Features
Acres
1.02
Disclosures
Disclosure
Number Of Stories
2
Property Sub Type
Multi Family
Sewer
Public Sewer
Water Source
Public
Zoning
R2
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Exterior Features
Roof
Other
Community Features
Financing Terms Available
CashConventional
MLS Area
_146
Schools
School District
Unknown
Elementary School
Other
Middle School
Baker Prairie
High School
Canby
Listing courtesy of Eric Swanson of SMI Commercial Real Estate LLC (541) 990-3795
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
Last checked 2026-02-03 05:18 PM PST.
All information provided is deemed reliable but is not guaranteed and should be independently verified
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
Last checked 2026-02-03 05:18 PM PST.
All information provided is deemed reliable but is not guaranteed and should be independently verified
Neighborhood & Commute
Source: Walkscore
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