Sunset Villa Apartments is a 16-unit community 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. Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon.
Sold for $2,595,000
Listed by: Smi Real Estate
Bought with: Non-Member Sale
$2,595,000
340 S Locust St, Canby, OR 97013
32beds
16baths
13,890sqft
Multi Family
Built in 1977
-- sqft lot
$2,595,800 Zestimate®
$187/sqft
$1,621 Estimated rent
Home value
$2,595,800
$2.47M - $2.73M
$1,621/mo
Zestimate® history
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$12,766/mo
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Zillow last checked:
Listing updated:
Listed by:
ERIC SWANSON Cell:541-990-3795,
Smi Real Estate
Bought with:
NOM NON-MEMBER SALE
Non-Member Sale
Source: WVMLS,MLS#: 837273
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 16
Appliances
- Included: Electric Water Heater
- Laundry: Common Area
Features
- Has fireplace: No
Interior area
- Total structure area: 13,890
- Total interior livable area: 13,890 sqft
Property
Features
- Patio & porch: Covered Patio
Lot
- Size: 1.02 Acres
Details
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Canby
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $2.6M - $2.6M
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Sold | $2,595,000$187/sqft |
Source:  WVMLS #837273 Report a problem | ||
| 3/2/2026 | Pending sale | $2,595,000$187/sqft |
Source:  RMLS (OR) #551246483 Report a problem | ||
| 3/2/2026 | Contingent | $2,595,000$187/sqft |
Source: WVMLS #837273 Report a problem | ||
| 2/26/2026 | Price change | $2,595,000-3.7%$187/sqft |
Source: RMLS (OR) #551246483 Report a problem | ||
| 2/3/2026 | Listed for sale | $2,695,000$194/sqft |
Source: WVMLS #837273 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 97013
Nearby schools
GreatSchools rating
- 8/10Carus SchoolGrades: K-6Distance: 5.6 mi
- 3/10Baker Prairie Middle SchoolGrades: 7-8Distance: 0.8 mi
- 7/10Canby High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$2,595,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,595,800
- Oregon
- Clackamas County
- Canby
- 97013
- 340 S Locust St
Nearby cities
Nearby zip codes
Other Canby Topics
