www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33869773
33869763

4727 NE Owens Rd, Moses Lake, WA 98837

NAI Black
Listed by NAI Black
$3,990,000
7 days on market
Updated 1 day ago

North Pointe Manufactured Housing Community

Details
APN 091510125
Property Type Mobile Home Park
Sub Type Manufactured Housing
Square Footage 25,000
Units 25
Cap Rate 8.00%
NOI $235,863
Occupancy 96%
Tenancy Multi
Year Built 1900
Acreage 15.000
Zoning R-3

Mobile Home Park | 8.00% CAP

Marketing description

North Pointe Manufactured Housing Community presents an exceptional opportunity to acquire a well-positioned manufactured housing asset in the rapidly growing city of Moses Lake, Washington. Situated on more than 15 acres of R-3 zoned land, the community is currently permitted for up to 101 manufactured home sites and includes supporting amenities such as an onsite office, mail facilities, and a playground. The property offers investors the opportunity to capitalize on strong demand for affordable housing while benefiting from the long-term appreciation potential of a large land holding in one of Central Washington's most dynamic growth markets.

The community generates substantial in-place income and offers multiple avenues for future value creation. In addition to lot rental revenue, the property includes a significant inventory of park-owned homes that ownership estimates may represent approximately $2 million in value in today's market. A future owner may elect to sell homes individually, creating liquidity that can be used for capital improvements, operational enhancements, or debt reduction. The combination of stable cash flow, asset value, and operational flexibility creates a compelling investment opportunity with both current income and long-term upside.

Strategically located near Big Bend Community College, Grant County International Airport, major retail corridors, and regional employment centers, North Pointe is positioned to benefit from the continued expansion of the Moses Lake economy. Significant investment in aerospace, advanced manufacturing, logistics, agriculture, and technology sectors has fueled population growth and increased demand for workforce housing throughout the region. With its scale, entitlements, strategic location, and strong market fundamentals, North Pointe offers investors a unique opportunity to acquire a sizeable manufactured housing community in a market poised for continued growth.

Investment highlights

  • 15 Acres +/- (10 Acres valued at $3/SF)
  • 96% Occupancy
  • 25 established units
  • 30 spaces engineered & approved for Phase Two
  • 46 platted spaces (101 total for entire 15 Acres)
  • Public Water & Sewer
  • Onsite office, mail facilities, and playground
  • Park-owned homes estimated at $2 million in value
  • Prepaid water rights for entire plat included
  • Next phase of 30 spaces is platted, engineered, and approved to build
  • All POH included with water rights

Listing Contacts

NAI Black
Listed by NAI Black

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$235,863.00
$19,655.25/mo

Valuation Metrics

0
DSCR
5.91%
Cap Rate
5.91%
ROI

Map

Zoning

Intelligence Badge
R3 ResidentialMulti FamilyMulti Family Residential
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 122 uses
View all 122 uses
Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591