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Sold on 03/02/2026
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340 S Locust St, Canby, OR 97013

$2,595,000

Last sold 03/02/2026 after 27 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 340 S Locust St

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 1.02 Acre
Rental estimate
Property description
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.
Listed by
Listing Agent - Eric Swanson
Listing Office - SMI Commercial Real Estate LLC
Source: RMLS mls logo
MLS#551246483 • last updated 5 months ago
Movoto checked RMLS for data 5 minutes ago
Overview
Cooling/AC None
Heating Other
MLS # 551246483
Type Multi Family
Status Sold
Lot Size (SqFt) 44431
Lot Size (Acres) 1.02
Property Tax 18755.23
Year Built 1977
Exterior
Roof Other
Exterior Features Other
Amenities / Utilities
Hot Water Electricity, Other
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Clackamas
Area 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino
Elementary School Other
Middle School Baker Prairie
High School Canby
Zoning R2
Directions 45th
APN 797187
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Total # of Units 16
We are not permitted to show value estimates for this property.
  • May 2026
    mls logo MLS # 551246483
  • May 21, 2026 Sold
    $2,595,000
  • Mar 2, 2026 Pending
    —
  • Feb 26, 2026 Price Change
    $2,595,000 (-3.7%)
  • Feb 3, 2026 Listed
    $2,695,000 (+10.6%)
  • Feb 2026
    mls logo MLS # 837273
  • Feb 3, 2026 Listed
    $2,695,000
  • Oct 2021
    Public Records
  • Oct 21, 2021 Sold
    $2,436,000 (+163.4%)
  • Nov 2012
    Public Records
  • Nov 21, 2012 Sold
    $925,000
  • Year Property taxes Tax assessment
  • 2025
    $18,755 +2.9%
    $1,058,625 +3.0%
  • 2024
    $18,230 +2.4%
    $1,027,792 +3.0%
  • 2023
    $17,800 +6.2%
    $997,857 +3.0%
  • 2022
    $16,767 +3.8%
    $968,794 +3.0%
  • 2021
    $16,146 +1.8%
    $940,577 +3.0%
  • 2020
    $15,857 +5.0%
    $913,182 +3.0%
  • 2019
    $15,100 +2.3%
    $886,585 +3.0%
  • 2018
    $14,764 +5.8%
    $860,762 +3.0%
  • 2017
    $13,958 +0.3%
    $835,691 +3.0%
  • 2016
    $13,909 +3.6%
    $811,350
  • 2015
    $13,432
    —
  • 340 S Locust St
    $2.59M
  • 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino
    —
  • 97013
    $697K +4% y/y
  • Canby
    $697K +4% y/y
No chart available
Statistics calculated by Movoto

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4/10
Cecile Trost Elementary School
public Grades K-6
Canby School District 86
6/10
Carus School
public Grades K-6
Canby School District 86
3/10
Baker Prairie Middle School
public Grades 7-8
Canby School District 86
5/10
Canby High School
public Grades 9-12
Canby School District 86
Source: GreatSchools.org © 2026. All rights reserved.

Around 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino

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