Steeves Mobile City | 2615 SE Courtney Ave
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Steeves Mobile City 2615 SE Courtney Ave
75 Unit Mobile Home Park For Sale Milwaukie, OR 97222
Executive Summary
Colliers, as the sole and exclusive agent, is pleased to present the opportunity to acquire Steeves Mobile City – a well-located 55+ manufactured housing community in Milwaukie, Oregon.
This 75-site community spans 4.8 acres and has 34 tenant-owned homes, 34 park-owned homes, and 2 live-in owner units. Of the 34 park-owned homes, only 9 are rented. This presents a unique value-add opportunity for an incoming investor to improve occupancy and increase rental income while establishing a foothold within one of the most desirable submarkets in the Portland metropolitan area.
Rents are well below market the average of $934 (see rent comparables). Tenants of Steeves Mobile City were recently noticed for a $60 increase effective 2025 bringing average rents at the community to $711 per month including utilities.
Positioned just off Highway 99E, a major arterial route, the property is conveniently located for residents to access both everyday necessities and nearby recreational amenities. Its proximity to the broader Portland metropolitan area enhances its appeal and demand within the affordable housing market.
This 75-site community spans 4.8 acres and has 34 tenant-owned homes, 34 park-owned homes, and 2 live-in owner units. Of the 34 park-owned homes, only 9 are rented. This presents a unique value-add opportunity for an incoming investor to improve occupancy and increase rental income while establishing a foothold within one of the most desirable submarkets in the Portland metropolitan area.
Rents are well below market the average of $934 (see rent comparables). Tenants of Steeves Mobile City were recently noticed for a $60 increase effective 2025 bringing average rents at the community to $711 per month including utilities.
Positioned just off Highway 99E, a major arterial route, the property is conveniently located for residents to access both everyday necessities and nearby recreational amenities. Its proximity to the broader Portland metropolitan area enhances its appeal and demand within the affordable housing market.
Property Facts
| Sale Type | Investment | Lot Size | 4.80 AC |
| No. Units | 75 | Building Size | 208,888 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1960 |
| Sale Type | Investment |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 4.80 AC |
| Building Size | 208,888 SF |
| No. Stories | 1 |
| Year Built | 1960 |
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Steeves Mobile City | 2615 SE Courtney Ave
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