Stardust Village Mobile Home Park

Northmarq is pleased to present Allen's Mobile Villa, located in Sutherlin, Oregon. The community consists of 74 pads, which includes primarily tenant-owned mobile homes, and is serviced by city utilities. The property has in-place space rents averaging $617, indicating significant upside based on nearby comparables. The community is priced at $6,000,000, or $81,081 per pad and a 5.61% in-place cap rate based on 2025 financials and a 5.28% cap rate based on stabilized (pro-forma) expenses. With barriers to new development and a continued need for affordable housing options, well-located manufactured housing communities like Allen's Mobile Villa are well-positioned to benefit from stable occupancy and long-term rent growth. Sutherlin is strategically located along the I-5 corridor in Southern Oregon, approximately 20 minutes north of Roseburg and just over an hour from Eugene, providing residents with convenient access to larger employment centers, healthcare, and retail amenities while maintaining a more affordable cost of living. The region has experienced steady population growth driven by in-migration from higher-cost West Coast markets, supporting continued demand for attainable housing.

Forest Park Mobile Village is an all-ages manufactured home community located at 18830 S Highway 99E in Oregon City, Oregon, positioned directly along a major thoroughfare between Oregon City and Canby. The property consists of 41 manufactured home sites in addition to one single-family house and one studio apartment is 100% occupied and zero park owned homes. Nearly 60% of the sites can accommodate multi-section homes. There is one undeveloped site. Average site rent is currently $841 including water, sewer, and garbage. This is well below comparable communities in Oregon City. One community in Clackamas County was cited at $1,450 per month net of utilities. The community offers residents a family-friendly living environment with a quiet, country-like atmosphere situated directly across from the scenic Willamette River. Residents benefit from convenient access to local schools, recreation, shopping, and entertainment, as well as proximity to the broader amenities of Oregon City. As the first state capital and the county seat of Clackamas County, Oregon City is home to diverse commercial centers, historical and cultural attractions, and multiple museums and interpretive centers celebrating the region’s pioneer heritage. Forest Park Mobile Village is a well-maintained community featuring paved roads, off-street parking, and pet-friendly policies with community approval. The community is served by a private well and a UV wastewater treatment system which was installed in 2024. Both systems have been diligently maintained by ownership. The property’s strong occupancy, stable tenant base, and under-market rents position it as an attractive investment opportunity with an opportunity to add value.

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 comprised entirely of resident-owned homes, creating a stable operating structure with limited landlord maintenance responsibilities. Unlike many manufactured housing communities that average approximately 10 sites per acre, Center View Estates features just 22 homesites across 3.3 acres, resulting in a lower-density layout that provides wider streets, enhanced curb appeal, and a more welcoming residential atmosphere. Homesites range from approximately 4,000 to 12,000 square feet, offering residents greater privacy and outdoor space than is typically found in the sector. The community is further differentiated by the quality of its housing stock, which consists exclusively of newer double-wide and triple-wide manufactured homes, each featuring either a carport or garage. The property benefits from paved interior roadways, sidewalks, off-street parking, municipal water and sewer service, and individually parceled homesites. Existing site rents average approximately $874 per month, which compares favorably to 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. Clearwater currently generates approximately $1,000 per month in net income providing an additional revenue stream that requires no ongoing operational involvement from ownership. 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.

54-Site Manufactured Home Community

Winterview Estates is a mixed-used property consisting of 29 manufactured homes, 12 long term RV's and 11 apartments located at 1275 Rogue River Highway in Grants Pass, Oregon. Built in 1950, it sits on 2.75 acres across two Josephine County tax lots. The rent roll is 29 manufactured home spaces, 12 long-term RV spaces and 11 apartments, all occupied as of August 3, 2026. The RV spaces are leased to long-term monthly residents rather than transient or nightly guests, and every manufactured home is tenant-owned. Water comes from two on-site wells, sewer is public, electricity is billed directly to residents, and water, sewer and trash are included in space rent. 25 of the 41 spaces are on long-term leases escalating at 5% plus CPI annually. At $3,150,000 the property produces $221,139 of scheduled net operating income — a 7.02% cap rate and $60,577 per unit. Expenses run 42.8% of effective gross income. Utilities are the largest line at $49,993, roughly 30% of the operating budget, reflecting the well system and the utilities bundled into rent. Property taxes are $13,749. Year One Pro Forma applies Oregon's 2026 statutory increase of 6.0% to all rents (not noticed yet), producing $238,710 of net operating income and a 7.58% yield on the purchase price. Reaching it requires no capital, no repositioning and no change in occupancy. That figure is conservative for the 25 leased spaces, which escalate on contract terms rather than the statutory cap.

Principals Only. No creative financing. No seller carry available. Mountain Timber Estates is an all-ages manufactured home and RV park community spanning 12.5 acres along US-199 in Kerby, Oregon, in the heart of the Illinois Valley. The park comprises 53 manufactured home spaces and 5 RV sites set among towering conifers and a park-like central meadow. Over six years of ownership, the current owners have invested meaningfully in the property's infrastructure, completing a significant capital improvement program that positions Mountain Timber Estates well for the next chapter of ownership. The park currently sits at just over 50% occupancy. Average rents on occupied manufactured home lots run approximately $575 per month, reflecting two increases over the past two years that have steadily moved rents toward the local market. With comparable parks in Cave Junction and along the US-199 corridor asking $550 to $650 per month, Mountain Timber Estates sits modestly below the top of the local market, a position that supports continued annual increases within Oregon's manufactured housing rent stabilization framework.