Center View Estates 4754 Center St NE 22 Unit Mobile Home Park $3,500,000 ($159,091/Unit) Salem, OR 97301

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 $874 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.