340 S Locust St

Canby, OR 97013

$2,695,000
Price
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Baths
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a view of a white house and a street
a house with a tree in front of it
a view of a house with a tree in the background
a car parked in front of a house
an aerial view of a house with a yard
a living room with furniture and a large window
a bathroom with a sink a toilet a mirror and shower
a tree in front of a white house
a living room with furniture and a window
a kitchen with stainless steel appliances a sink a stove and cabinets
a view of a hallway with bathroom and wooden floor
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
an aerial view of a residential apartment building with a yard
an aerial view of a house with a yard
an aerial view of multiple houses with yard
a front view of a house with garden
a view of a street with a house in the background
a view of a white house with a large windows stairs and a large tree
a view of a street with houses
a view of a house with a street

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.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.
  1. Listed by Eric Swanson • SMI Commercial Real Estate LLC

Property Details for 340 South Locust Street

Zoning
R2
LISTING UPDATED: 02/03/2026 02:23 PM

Property Details for 340 South Locust Street

StatusActive
MLS #551246483
Days on Market6
Taxes$18,755 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1977
Lot Size1.02 AC / 44,431 SF
CountyClackamas County

Location

Listing Courtesy of SMI Commercial Real Estate LLC
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Building Information for 340 South Locust Street

Stories2Residences16Year Built1977Building Size-Lot Size1.02 AC / 44,431 SF

Payment Calculator

$14,698 per month

30 year fixed, 6.15% Interest

Principal and Interest

$13,135

Property Taxes

$1,563

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 340 South Locust Street

Summary
Location and General Information
  • Country: US
  • Directions: 45th
School Information
  • Elementary School: Other
  • High School: Canby
  • Middle Or Junior School: Baker Prairie
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $18,755.23
  • Parcel Number: 00797187
  • Tax Legal Description: 2163 POPPS ADDITION LT 1 BLK 1
Property
Lot Information
  • Acres: 1.02
  • Lot Size Square Feet: 44431.0
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1977
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Other
  • Hot Water Description: Electricity, Other
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Other
  • Roof Type: Other
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
  • Gross Income Actual: $.00
  • Net Income Actual: $.00
  • Operating Expense: $.00
  • Unit Type Type: Unit Type Type1
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 1.0
  • Unit Type 1 Units Total: 16

Property History for 340 South Locust Street

DateEvent & SourcePriceAppreciation
Oct 20, 2021

Sold (Public Record)

Public Record #1474292795

$2,436,000

+11.5% / yr

Nov 16, 2012

Sold (Public Record)

Public Record #341606406

$925,000—
DateEvent & SourcePrice
10/20/2021

Sold (Public Record)

Public Record #1474292795

$2,436,000

+11.5% / yr

11/16/2012

Sold (Public Record)

Public Record #341606406

$925,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 340 South Locust Street

Taxable ValueLand-Additions-Total-
Tax Record2025$18,755 ($1,563 / month)
Home Facts
Lot Size44,624 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977ZoningR2CountyCLACKAMASAPN31E33DD01304

Schools near 340 South Locust Street

This home is within Canby School District 86.
Rating
School
Type
Grades
Distance
Carus School
Public - K to 6
Cecile Trost Elementary School
Public - K to 6
Baker Prairie Middle School
Public - 7 to 8
Canby High School
Public - 9 to 12
Rating
School
Distance
Carus School
PublicK to 6

Cecile Trost Elementary School
PublicK to 6

Baker Prairie Middle School
Public7 to 8

Canby High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 340 South Locust Street, Canby, OR 97013

340 South Locust Street is a multi-family home for sale in Canby, OR 97013. This property was listed for sale on February 3, 2026 by SMI Commercial Real Estate LLC, it's currently listed at $2,695,000. It has been on the market for a total of 6 days and was last sold on October 20, 2021. This listing's school district is Canby School District 86. Nearby schools include Carus School, Cecile Trost Elementary School and Baker Prairie Middle School. 340 South Locust Street is a 0-bed, 0-bath, multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SMI Commercial Real Estate LLC

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 Compass 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: 02/03/2026 02:23 PM