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Cascade Heritage Real Estate Group
164 NE 4TH AVE, Canby, OR 97013
- $6,900,000
- 40,716
- SqFt
- List Price
- $6,900,000
- Days on Market
- 2
- MLS#
- 440406415
- Property Type
- Multifamily
- Sqft. of Residence
- 40,716
- Lot Size
- 1 to 2.99 Acres
- Region
- Oregon City, Beavercreek, Canby, Molalla, Mulino
- Status
- ACTIVE
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.
Additional Information
- Tax Amount
- $39,228
- Year Built
- 1968
- High School
- Canby
- Elementary School
- Knight
- Middle School
- Baker Prairie
- Acres
- 1.55
- Living Area
- 40,716
- Stories
- 2
- Terms
- Call Listing Agent, Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Ceiling
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Open
- Parking Description
- Open
- Road Surface
- Paved
- Number Of Units Total
- 35
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1374
- Unit Type One Sq Ft
- 1120
- Unit Type One Units Total
- 34
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
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Listing courtesy of Barry Investment Real Estate.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.