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Listed by Barry Investment Real Estate
$6,900,000
Est. payment /mo
40,716 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 40,716 sqft
Price per Sqft $169
MLS Listing ID 440406415
HOA Y/N No
Year Built 1968
Annual Tax Amount $39,228
Tax Year 2025
Lot Size 1.550 Acres
Property Description
**5 tax lots - complete address: 164 & 188 NE 4th Ave + 173-193 NE 5th Ave, Canby, OR 97013** Canby Townhouse Apartments is a 35-unit multifamily community located in Canby, Oregon. Originally constructed in 1968, the property offers an exceptionally consistent and desirable townhome-style unit mix consisting of 34 two-bedroom/1.5-bath units and one three-bedroom/1.5-bath unit.The property's spacious floor plans are a defining feature of the community. The two-bedroom townhomes are approximately 1,120 square feet, while the three-bedroom unit is approximately 1,220 square feet. Every residence includes an in-unit washer and dryer, providing residents with a highly desirable amenity and further differentiating the property from traditional apartment product.The property has benefited from meaningful recent capital investment, including exterior painting completed in 2025, a new roof on one building in 2024. The property also benefits from energy-efficient vinyl windows and various upgrades to individual units at turnover or as needed. These improvements provide a new owner with the benefit of significant prior investment while preserving the opportunity to continue improving operations and growing rental income.Canby Townhouse Apartments offers a compelling combination of large residential-style floor plans, a highly desirable townhome configuration, recent capital improvements, and meaningful rental upside. Current average rents remain below estimated market levels, providing an investor with an opportunity to increase revenue over time through active hands-on management and natural tenant turnover.
Location
State OR
County Clackamas
Area _146
Zoning R2
Interior
Heating Ceiling
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Knight
Middle Schools Baker Prairie
High Schools Canby
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
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Nearby Locations
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