525 SW 4th Ave - Apartments FOR SALE


Canby, OR 97013
$989,900 USD
503-709-4632
525 SW 4th Ave, Canby, OR for Sale
$989,900 USD
Apartments - FOR SALE
1/44
null | 6.33% Cap Rate

525 SW 4th Ave
Canby, OR 97013


HIGHLIGHTS

  • Five recently renovated multifamily residences with distinctive historic architecture on a .36 acre corner parcel near downtown Canby
  • Updated kitchens and bathrooms with stainless steel refrigerators, electric ranges, and over the range microwaves
  • Balanced unit mix with two studios, two one bedroom units, and one two bedroom unit
  • Two one bedroom units include substantial finished attic storage beyond their stated rentable square footage
  • Two bedroom unit provides direct access to a large fenced yard
  • Seven paved off street parking spaces

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$989,900 USD

PRICE/SF

$520 USD /SF

# OF UNITS

5

PRICE/UNIT

$197,980

CAP RATE

6.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Knight House | Renovated Downtown Canby 5Plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R1

APN/PARCEL ID

00999824

ASK ABOUT THIS PROPERTY

Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.