$1,595,000

323 S Locust St Canby, OR 97013

Estimated payment $9,317/month

Total Views 1,597
10 Beds
8 Baths
25,700 Sq Ft
$62 Price per Sq Ft

Highlights

  • 0.59 Acre Lot
  • Storage
  • 2-minute walk to Locust Street Park
  • Corner Lot
  • Baseboard Heating

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.

Listing Agent

Lark Leitgeb

Equity Oregon Real Estate License #970600213 Listed on: 06/09/2025

Co-Listing Agent

Sherman Leitgeb

Equity Oregon Real Estate License #951200011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,091

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 0.59 Acre Lot
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,091

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Total Bedrooms: 10
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Other
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport, Paved
  • Attached Garage: No
  • Total Parking Spaces: 12.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: FrontYardLandscaping

Schools

  • Elementary School: Lee
  • High School: Canby
  • Middle Or Junior School: Baker Prairie

Lot Info

  • Zoning: resid
  • Lot Size Acres: 0.59
  • Lot Size Sq Ft: 25700.0
  • Parcel #: 00796115

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6091.1

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 21.75
  • Annual Gross Income: 73333.0
  • Property Net Operating Income: 53357.0
  • Annual Operating Expense: 19976.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 194314710

Regional Multiple Listing Service (RMLS)

APN: 31E33DC03300

Oregon Clackamas County Canby 97013

323 S Locust St, Canby, OR

This home is located at 323 S Locust St, Canby, OR 97013 and is currently priced at $1,595,000, approximately $62 per square foot. This property was built in 1979. 323 S Locust St is a home located in Clackamas County with nearby schools including Philander Lee Elementary School, Baker Prairie Middle School, and Canby High School.

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Regional Multiple Listing Service (RMLS) 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Lark Leitgeb
Listing Agent
Lark Leitgeb
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Equity Oregon Real Estate
(503) 744-6515