Manufactured Home in Estates
177-300 Luman Rd Phoenix, OR 97535
For Sale
$215,900
Light-and-bright 4 bed, 2 bath 2026 manufactured home in Oak Ridge Estates with a clubhouse featuring fitness and pool amenities.
Property Size1,493 SF
Price / SF$144.61
Days on Market50
Property Features for 177-300 Luman Rd
General Information
Standard status
Active
Size
1,493 SF
Property subtype
Manufactured In Park
Listing Agency:
More Realty
(541) 890-5348
Listed By:
Johnny Mansfield
(541) 890-5348
Source:
Exprealty
Added: Jun 11
Changed: Jul 26
Last Checked: Jul 29 at 7:49PM
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 More Realty
Investment Insights
Based on property information with market context.
Unit #177 at Oak Ridge Estates is a 2026-built manufactured home with four bedrooms and two bathrooms, designed with a light and bright feel throughout. The kitchen includes a gas oven/range, abundant storage, a sit-down island counter, and a full stainless steel appliance package. The primary suite offers a large closet and an ensuite with dual vanities, while the living room provides an open, roomy layout for everyday use and entertaining.
Oak Ridge Estates includes a clubhouse with a fitness center, pool, jacuzzi, walking trails, and a playground. Space rent is $800 per month, and Oak Ridge is offering a 3-month space rent concession credited on months 2, 5, and 7 for new homeowners. This home is located at 177-300 Luman Rd in Phoenix, Oregon. Schedule a showing to see the layout and finishes in person.
Oak Ridge Estates includes a clubhouse with a fitness center, pool, jacuzzi, walking trails, and a playground. Space rent is $800 per month, and Oak Ridge is offering a 3-month space rent concession credited on months 2, 5, and 7 for new homeowners. This home is located at 177-300 Luman Rd in Phoenix, Oregon. Schedule a showing to see the layout and finishes in person.
Key Highlights
- 2026‑built manufactured home in Oak Ridge Estates, offering 4 bedrooms and 2 bathrooms
- Approximately 1,493 sq ft light‑and‑bright interior with a roomy living area for entertaining
- Kitchen includes a gas oven/range, sit‑down island counter, ample storage, and a full stainless steel appliance package
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.9k | $18.00 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $25.5k | $17.10 |
| − OpEx | −$11.5k | −$7.69 |
| NOI | $14.0k | $9.41 |
1,493 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$200.6K
$175.5K – $234.0K
NOI $14,042 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.4K
$315.3K – $420.4K
NOI $25,226 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Light-and-bright 4 bed, 2 bath 2026 manufactured home in Oak Ridge Estates with a clubhouse featuring fitness and pool amenities.
Where is this mobile home & rv park located?
The property is located at 177-300 Luman Rd Phoenix, OR.
What is the asking price?
The asking price for this property is $215,900.
What are key features of this property?
This property features: 2026‑built manufactured home in Oak Ridge Estates, offering 4 bedrooms and 2 bathrooms; Approximately 1,493 sq ft light‑and‑bright interior with a roomy living area for entertaining; Kitchen includes a gas oven/range, sit‑down island counter, ample storage, and a full stainless steel appliance package
