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.
For sale
Listed by: Smi Real Estate
$2,695,000
340 S Locust St, Canby, OR 97013
32beds
16baths
13,890sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$2,531,400 Zestimate®
$194/sqft
$-- HOA
What's special
- 20 days |
- 770 |
- 21 |
Zillow last checked: 8 hours ago
Listing updated: February 03, 2026 at 02:16pm
Listed by:
ERIC SWANSON Cell:541-990-3795,
Smi Real Estate
Source: WVMLS,MLS#: 837273
Tour with a local agent
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: $194/sqft
- Annual tax amount: $18,230
- Price range: $2.7M - $2.7M
- Date on market: 2/3/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,1031 Exchange
Estimated market value
$2,531,400
$2.38M - $2.66M
$1,660/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Listed for sale | $2,695,000$194/sqft |
Source:  WVMLS #837273 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$15,762/mo
Principal & interest
$13898
Property taxes
$1864
Climate risks
Neighborhood: 97013
Nearby schools
GreatSchools rating
- 8/10Carus SchoolGrades: K-6Distance: 5.6 mi
- 3/10Baker Prairie Middle SchoolGrades: 7-8Distance: 0.8 mi
- 7/10Canby High SchoolGrades: 9-12Distance: 0.8 mi
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