Estimated payment $8,964/month
Highlights
- 0.59 Acre Lot
- Storage
- Baseboard Heating
- Corner Lot
- Landscaped
- 2-minute walk to Locust Street Park
About This Home
Outstanding investment opportunity with this pride-of-ownership 5-unit multifamily property, offering a strong mix of tenant-friendly features and recent upgrades. The building includes two 2-bedroom, 1-bath single-story units and three 2-bedroom, 1.5-bath townhouse units, all with spacious layouts, washer/dryer hookups, and private fenced backyards. Major updates include a new roof (2014), new siding and exterior paint (2015), newer carpet throughout, and updated appliances in select units. Each unit also includes its own exterior storage unit, adding even more value and convenience for residents. The property features 12 off-street parking spaces, including 4 covered spots, and has been well-maintained, ideal for both seasoned investors and first-time multifamily buyers. Close to schools, with a City Park next door and only 4 blocks to downtown Canby. What more could your tenants ask for? Per City of Canby, additional open space on property providing room for building up to 7 more units based on design. Please check with the City. Please do not disturb the many long-term tenants. Offers written subject to interior inspection. A solid, turnkey asset in excellent condition—ready to generate income from day one.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,091
Year Built
- Built in 1979 | Remodeled
Lot Details
- 0.59 Acre Lot
- Landscaped
- Corner Lot
- Level Lot
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 25,700 Sq Ft Home
- 2-Story Property
- Storage
- Crawl Space
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Parking
- 12 Parking Spaces
- Carport
- Paved Parking
Schools
- Lee Elementary School
- Baker Prairie Middle School
- Canby High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 00796115
Community Details
Overview
- 5 Units
Building Details
- Operating Expense $19,976
- Gross Income $73,333
- Net Operating Income $53,357
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
06/20/2025 06/20/25 | For Sale | $1,595,000 | 0.0% | $62 / Sq Ft |
06/14/2025 06/14/25 | Off Market | $1,595,000 | -- | -- |
06/09/2025 06/09/25 | For Sale | $1,595,000 | -- | $62 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 194314710

APN: 31E33DC03300
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