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340 S Locust St, Canby, OR 97013

Local realty services provided by:CENTURY 21 Northstar
340 S Locust St,Canby, OR 97013
$2,695,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: eric swanson
Office: smi commercial real estate llc.
MLS#:551246483
Source:PORTLAND

Price summary

  • Price:$2,695,000

About this home

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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Home facts

  • Year built:1977
  • Listing ID #:551246483
  • Added:9 day(s) ago
  • Updated:February 10, 2026 at 12:19 PM

Structure and exterior

  • Year built:1977
  • Lot area:1.02 Acres

Schools

  • High school:Canby
  • Middle school:Baker Prairie
  • Elementary school:Other

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,695,000
  • Tax amount:$18,755 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than CENTURY 21 Northstar are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: February 10, 2026

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