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Listed by RealtyNET, LLC
$ 479,000
Est. payment | /mo
$ 479,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 108082120
HOA Y/N No
Annual Tax Amount $2,917
Tax Year 2026
Property Sub-Type Multi Family
Property Description
Approved 5-Unit Townhome Development - Central Canby Rare opportunity to acquire a fully approved 5-unit townhome-style multifamily development on approximately 8,625 SF (0.198 acres) in the heart of Canby, Oregon. The project holds final City of Canby approval through the site and design review process with no appeals filed, in an established neighborhood minutes from downtown. For approximately $780,000 in equity, a developer can satisfy the estimated 40% construction lender contribution typically required for a new multifamily project of this size. The underlying land is now reduced to $479,000, a compelling entry point into new construction multifamily. PROJECT HIGHLIGHTS - Approved 5-unit multifamily townhome development, R2 zoning - Two-building design: triplex fronting NW 4th Avenue, duplex accessed from the rear alley - Three larger townhomes with attached garages - Two additional residential units with dedicated parking - Approximately 6,824 SF total living area - Approximately 7,511 SF built area including garages - Level lot, paved road, rear alley access - Electricity and natural gas available; water and sewer connected
Location
State OR
County Clackamas
Area _146
Zoning R2
Exterior
Utilities Available ElectricityConnected, NaturalGasAvailable, SewerConnected, WaterConnected
Garage No
Schools
Elementary Schools John Mcloughlin
Middle Schools Baker Prairie
High Schools Canby
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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