Two-Bed Multifamily Apartment
340 S Locust St Canby, OR 97013
340 S Locust St, Canby, OR, 97013
Contact for pricing
For Sale
Contact for pricing
Sunset Villa Apartments offers consistent income on 2-bed, 1-bath units at a central Canby site.
Property Size13,890 SF
Lot Size1.02 Acres
Price / SF$186.83
Days on Market169
Property Features for 340 S Locust St
General Information
- Standard status
- Active
- Size
- 13,890 SF
- Lot size
- 1.02 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 197
Listing agency
SMI Real Estate
(541) 990-3795
Listed by
Eric Swanson · License #201221479
Source
Crexi
Added: Feb 3 Updated: Jul 22 at 2:13AM Checked: Jul 22 at 2:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SMI Real Estate
Investment Insights
Based on property information with market context.
Sunset Villa Apartments is a multifamily property with 2 bed / 1 bath unit floor plans. The community is situated on a 1.02-acre site and is offered for sale as a stabilized income-producing asset.
The property is located in central Canby at 340 S Locust St. The offering includes an in-place 6.50% cap rate and has produced consistent cash flow for years.
The remarks also note RUBS utility reimbursements and strong rental fundamentals supported by a supply-constrained market. Ownership includes members who are licensed real estate brokers in the State of Oregon.
The property is located in central Canby at 340 S Locust St. The offering includes an in-place 6.50% cap rate and has produced consistent cash flow for years.
The remarks also note RUBS utility reimbursements and strong rental fundamentals supported by a supply-constrained market. Ownership includes members who are licensed real estate brokers in the State of Oregon.
Key Highlights
- Sunset Villa Apartments in central Canby on a 1.02‑acre site
- Year built 197
- All units feature 2 bed / 1 bath floor plans
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.7k | $24.60 |
| − Vacancy | −$17.4k | −$1.25 |
| EGI | $324.3k | $23.35 |
| − OpEx | −$145.9k | −$10.51 |
| NOI | $178.3k | $12.84 |
13,890 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.55M
$2.23M – $2.97M
NOI $178,347 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.37M
NOI $262,448 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Sunset Villa Apartments offers consistent income on 2-bed, 1-bath units at a central Canby site.
Where is this apartment building located?
The property is located at 340 S Locust St Canby, OR.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Sunset Villa Apartments in central Canby on a 1.02‑acre site; Year built 197; All units feature 2 bed / 1 bath floor plans
