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Vineyard Estates 2716 Melrose St 24 Unit Mobile Home Park $2,100,000 ($87,500/Unit) Walla Walla, WA 99362
Investment Highlights
- Compelling value-add opportunity
- Attractive alternative asset class
- Strategic location with strong demographics
- Stable income with growth potential
Executive Summary
JLL, as exclusive advisor, is pleased to present the opportunity to acquire Vineyard Estates (the "Property"), a 1.55-acre, all-age manufactured housing community located at 2716 Melrose Street in Walla Walla, Washington. The Property features 24 homesites, all tenant-owned homes (TOH), and is currently 67% occupied, offering immediate upside through lease-up and rental growth. With average lot rents of $650 per month and sub-metered water, sewer, and electricity the Property provides a low-maintenance, operationally efficient investment supported by predictable income and minimal capital requirements.
Situated in Walla Walla County, the Property benefits from proximity to Highway 12, downtown Walla Walla, and the Oregon border. The region's economy is anchored by healthcare, education, manufacturing, and a nationally recognized wine and tourism industry. Residents enjoy access to high-quality schools and nearby colleges, including Whitman College and Walla Walla Community College. With its stable infrastructure, fully TOH composition, and opportunity for occupancy and rent growth, Vineyard Estates represents a compelling chance to acquire a well-maintained manufactured housing community in one of Washington's most attractive and resilient markets.
Situated in Walla Walla County, the Property benefits from proximity to Highway 12, downtown Walla Walla, and the Oregon border. The region's economy is anchored by healthcare, education, manufacturing, and a nationally recognized wine and tourism industry. Residents enjoy access to high-quality schools and nearby colleges, including Whitman College and Walla Walla Community College. With its stable infrastructure, fully TOH composition, and opportunity for occupancy and rent growth, Vineyard Estates represents a compelling chance to acquire a well-maintained manufactured housing community in one of Washington's most attractive and resilient markets.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,454
|
$2.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,718
|
$0.87
|
| Net Operating Income |
$105,736
|
$1.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $162,454 |
| Annual Per SF | $2.48 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $56,718 |
| Annual Per SF | $0.87 |
| Net Operating Income | |
|---|---|
| Annual | $105,736 |
| Annual Per SF | $1.61 |
Property Facts
| Price | $2,100,000 | Building Class | C |
| Price Per Unit | $87,500 | Lot Size | 1.55 AC |
| Sale Type | Investment | Building Size | 65,518 SF |
| No. Units | 24 | Average Occupancy | 67% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1930 |
| Zoning | MHC - Manufactured Home Park Community | ||
| Price | $2,100,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 1.55 AC |
| Building Size | 65,518 SF |
| Average Occupancy | 67% |
| No. Stories | 1 |
| Year Built | 1930 |
| Zoning | MHC - Manufactured Home Park Community |
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Property Taxes
| Parcel Number | 360722210034 | Improvements Assessment | $218,400 |
| Land Assessment | $304,300 | Total Assessment | $522,700 |
Property Taxes
Parcel Number
360722210034
Land Assessment
$304,300
Improvements Assessment
$218,400
Total Assessment
$522,700
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Vineyard Estates | 2716 Melrose St
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