340 S Locust St, Canby, Oregon 97013

OR, Canby
$2,695,000
  • 1.02 Acre
  • MultiFamily Property Type
  • 1977 Year Built
  • Active Status
Steven Meyer
Steven Meyer Realtyna
  • (302) 525 8222
  • Steven.m@realtyna.net
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
Property Description

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.

Basic Details
  • Property Type: MultiFamily
  • Listing Type: For Sale
  • Listing ID: 551246483
  • Price: $2,695,000
  • Year Built: 1977
  • Lot Area: 1.02 Acre
  • Roof: Other
  • Office Name: SMI Commercial Real Estate LLC
  • Agent Name: Eric Swanson
  • Office Phone: 503-390-6060
  • Listing Status: Active
Features
  • Heating System Other
  • Cooling System None
  • Sewer Public Sewer
Address Map
  • Country US
  • State OR
  • County Clackamas
  • City Canby
  • Zipcode 97013
  • Street: LOCUST
  • Street Number: 340
  • Street Suffix: ST
  • Longitude: W123° 18' 50.2''
  • Latitude: N45° 15' 42.9''
  • Zoning: R2
  • Mls Area Major: _146
  • Street Dir Prefix: S
Neighborhood
  • Elementary School: Other
  • High School: Canby
  • Middle School: Baker Prairie
Additional Information
  • Water Source: Public Water
  • Number Of Units Total: 16
  • On Market Date: 2026-02-03
  • Rent Includes: None
  • Stories: 2
Listing Information
  • Listing Term: Cash, Conventional
  • Mls Status: Active
  • Modification Timestamp: 2026-02-03T22:23:44Z
  • Originating System Name: RMLS
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Last updated on 02/18/2026 10:07