164 NE 4TH AVE, Canby, OR 97013
164 NE 4TH AVE, Canby, OR 97013
164 NE 4TH AVE, Canby, OR 97013
164 NE 4TH AVE, Canby, OR 97013
164 NE 4TH AVE, Canby, OR 97013
164 NE 4TH AVE, Canby, OR 97013
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HomeSmart Realty Group

HomeSmart Realty Group

+1(971) 599-5865
Listed by Barry Investment Real Estate
$ 6,900,000
Est. payment | /mo

5 Beds

2.2 Baths

40,716 SqFt

Save
$ 6,900,000
Est. payment | /mo
Save

5 Beds

2.2 Baths

40,716 SqFt

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

Bedrooms 5

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

HomeSmart Realty Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 599-5865

broker@hsmartrealtygroup.com

3240 Commercial St SE, Ste 100, Salem, OR 97302

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164 NE 4TH AVE