340 S Locust St

Canby, OR 97013

$2,595,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Pending
Pending
a view of a white house and a street
a house with a tree in front of it
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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
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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...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.
  1. Listed by Eric Swanson • SMI Commercial Real Estate LLC

Property Details for 340 South Locust Street

Zoning
R2
LISTING UPDATED: 03/02/2026 10:59 AM

Property Details for 340 South Locust Street

StatusPending
MLS #551246483
Days on Market27
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
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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

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$14,157 per month

30 year fixed, 6.11% Interest

Principal and Interest

$12,594

Property Taxes

$1,563

HOA Dues

$0

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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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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: 03/02/2026 10:59 AM