REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 999,900
Est. payment | /mo
1,902 SqFt
$ 999,900
Est. payment | /mo
1,902 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,902 sqft
Price per Sqft $525
MLS Listing ID 555613542
Year Built 1920
Annual Tax Amount $6,244
Tax Year 2025
Lot Size 0.360 Acres
Property Description
Five renovated residences, no inherited leases, and a clean slate to shape the income stream from day one. This vacant property brings together two studios, two one bedroom residences, and one two bedroom residence, creating a versatile mix with broad rental appeal. The 1920 building has been transformed with a modern look that carries from unit to unit without feeling repetitive. Rich green shaker cabinetry, crisp white subway tile, brass toned details, stainless steel refrigerators, freestanding electric ranges, and over the range microwaves give the kitchens memorable style, while bright interiors and updated lighting keep the spaces fresh and inviting. The two main level studios are efficient and polished, each with an updated bathroom and glass enclosed shower. The one bedroom residences add finished attic flex and storage areas beyond the stated rentable square footage, providing valuable flexibility and storage. Unit 5 delivers the largest layout with two bedrooms, a tub and shower combination, and direct access to an expansive fenced yard. The .36 acre corner parcel gives the property breathing room that is hard to find in a five unit offering. Seven paved off street parking spaces simplify daily living, and the broad lawn, covered porch, and separate entries create a more residential feel than a typical apartment building. Just south of downtown Canby, the property puts restaurants, shops, the Canby Public Library, Wait Park, and everyday services within easy reach, while Highway 99E connects residents to surrounding employment centers and the greater metro area. For an investor, the appeal is immediate: completed renovations, five vacant units ready for lease up, varied floor plans, useful tenant amenities, and the freedom to establish operations and rental strategy from the start. A rare chance to acquire a distinctive small multifamily asset with character, flexibility, and room to perform.
Location
State OR
County Clackamas
Area _146
Zoning R1
Rooms
Basement Partial Basement, Unfinished
Interior
Heating Wall Heater
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Foundation Concrete Perimeter, Pillar Post Pier
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Lee
Middle Schools Baker Prairie
High Schools Canby
Others
Acceptable Financing Cash, Conventional, VALoan
Listing Terms Cash, Conventional, VALoan
Virtual Tour https://www.youtube.com/watch?v=CljSGvbQKSE
