30-Space Mobile Home
For Sale
$125,000
1418 Pine Space C St NE, Silverton, OR 97381
Age-restricted manufactured housing community with a clubhouse and municipal water and sewer service.
Property Size1,248 SF
Price / SF$100.16
Days on Market84
Property Features for 1418 Pine Space C St NE
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Land
Additional Details
Utilities to Site
Yes
Amenities
community clubhouse
Building Details
Year Built
1974
Listing Agency:
Homesmart Realty Group - Monmouth
(503) 949-2411
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Aug 10
Changed: Oct 31
Last Checked: Nov 1 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homesmart Realty Group - Monmouth
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Investment Insights
Based on property information with market context.
This 30-space manufactured housing community serves residents age 55 and older and includes a small clubhouse. Built in 1974, the park is supported by city water and city sewer, providing municipal utility service for the property. Zoning is R-5, Low Density Residential.
Located at 1418 Pine Street in Silverton, Oregon, the community is approximately 15 miles northeast of Salem and has access to the Salem metropolitan area via OR-213. Silverton is a Willamette Valley community with approximately 10,500 residents and an economy supported by healthcare, education, agriculture, manufacturing, and tourism.
Located at 1418 Pine Street in Silverton, Oregon, the community is approximately 15 miles northeast of Salem and has access to the Salem metropolitan area via OR-213. Silverton is a Willamette Valley community with approximately 10,500 residents and an economy supported by healthcare, education, agriculture, manufacturing, and tourism.
Key Highlights
- 30‑space manufactured housing community
- Residents age 55 and older
- Small community clubhouse included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,827
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,540
$176.5K
Cap Rate 7%
$126,100
$126.1K
Cap Rate 9%
$98,078
$98.1K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$17.1K $13.68/SF
− Vacancy
−$1.0K −$0.82/SF
EGI
$16.0K $12.86/SF
− OpEx
−$7.2K −$5.79/SF
NOI
$8.8K $7.07/SF
Area
Marion County, OR
Vacancy
6.00%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,540
Cap Rate 7%
$126,100
Cap Rate 9%
$98,078
Alternative Uses
Best Use
Apartment 5plus
$126.1K
$110.3K – $147.1K
NOI $8,827 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$293.5K
$256.8K – $342.4K
NOI $20,546 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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Business Placement
Demographics for 97381, OR
16,313
Population
5,882
Households
2.8
Avg Household Size
40
Median Age
31%
College-Educated
92%
High-School Grad
110.0 sq mi
ZIP Area
148
Density / Sq Mi
$84,077
Median Household Income
$42,337
Median Earnings
$1,491
Median Rent
$497,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Age-restricted manufactured housing community with a clubhouse and municipal water and sewer service.
Where is this mobile home & rv park located?
The property is located at 1418 Pine Space C St NE Silverton, OR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 30‑space manufactured housing community; Residents age 55 and older; Small community clubhouse included
