4754 Center St NE - Manufactured Housing/Mobile Housing FOR SALE


Salem, OR 97301- East Lancaster
$3,500,000 USD
971-645-2407
4754 Center St NE, Salem, OR for Sale
$3,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/2
null | Request Cap Rate

4754 Center St NE
Salem, OR 97301
East Lancaster


OVERVIEW

Center View Estates presents the opportunity to acquire a 55+ manufactured housing community located at 4754 Center Street NE in Salem, Oregon. Developed in 1996, the property consists of 22 multi-section manufactured home sites, with the offering including 21 of the 22 sites and a right of first offer on the remaining privately owned lot. The community is fully occupied and is comprised entirely of resident-owned homes, creating a stable operating structure with limited landlord maintenance responsibilities. The property benefits from paved interior roadways, sidewalks, off-street parking, municipal water and sewer service, and individually parceled home sites. Existing site rents average approximately $872 per month, which compares below several nearby age-restricted communities identified in the offering materials. The community also includes ownership of Clearwater Source, LLC, the private utility company servicing the property, providing an additional income component. Located within Oregon's capital city, Center View Estates offers residents convenient access to retail services, healthcare providers, employment centers, and regional transportation routes. The property is situated near Lancaster Drive NE, Willamette Town Center, Salem Academy, and other established commercial and community amenities. Salem's role as a government, healthcare, and education employment center supports long-term housing demand, while its location between Portland, the Oregon Coast, and the Cascade Mountains contributes to regional accessibility. The combination of resident-owned homes, full occupancy, public utility infrastructure, established operations, and potential future rent growth through resident turnover positions the asset as a manufactured housing investment with operational stability and future revenue enhancement opportunities.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

22

PRICE/UNIT

$159,091

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Center View Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.32 AC

LAND SF

144,619 SF

ZONING

RS

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alexander ChengColliersMore Info
971-645-2407

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

Alexander ChengColliersMore Info
971-645-2407

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