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340 S Locust St, 
Canby, OR 97013

$2,595,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Pending

Listed by

Eric Swanson

Smi Commercial Real Estate LLC.

503-390-6060

Last updated:

March 4, 2026, 08:30 AM

MLS#

551246483

Source:

PORTLAND

About This Home

340 S Locust St

Sunset Villa Apartments 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. Additional upside is supported by RUBS utility reimbursements and strong rental fundamentals in a supply-constrained market.Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon.

Home Facts

Multi-Family

Built in 1977

Price Summary

2,595,000

MLS #:

551246483

Last Updated:

March 4, 2026, 08:30 AM

Added:

a month ago

Structure

Structure

Year Built:

1977

Lot

Lot Size (Sq. Ft):

44,431

Finances & Disclosures

Finances

Price:

$2,595,000

MLS Logo
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 web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Valley Brokers 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: March 4, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.