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3920 E Center Rd
Mead, WA 99021

$7,100,000 USD

Land For Sale  •  13.38 AC

Property Details

  • Property Type Land
  • Lot Size 13.38 AC
  • Zoning UR
0 Transit Score
20 Walk Score

Description

Mountain View & Mead Mobile Home Communities offer the opportunity to purchase two adjacent all-age manufactured housing communities located in Mead, Washington. The combined offering includes 70 manufactured home spaces plus one single-family residence across two neighboring properties in Spokane County.

Mead Park, located at 3925 E Farwell Road, contains 49 tenant-owned manufactured home spaces and one single family home. Mountain View Mobile Home Community, located at 3920 E Center Road, contains 21 tenant-owned manufactured home spaces. Both properties lie next to each other, creating operational efficiency and a strong combined community presence.

The properties are positioned on approximately 11.89 acres and are serviced by city water and private septic systems. The communities were originally developed in the late 1970s and serve the Mead / North Spokane
residential market.

The offering also includes potential upside through continued rent growth, operational improvements, and possible additional use of underutilized land. Mead Park includes an interior area that may allow for approximately 7–8 additional home sites depending on final site planning, setbacks, and applicable approvals. Another potential strategy may include a secure gated dry storage area for tenant vehicles, RVs, boats, or outside storage demand.

Mountain View & Mead Mobile Home Communities are conveniently located approximately 10 miles north of downtown Spokane, with access to regional transportation corridors and the broader Spokane County employment base. The properties benefit from Mead’s suburban setting, proximity to Spokane, and continued long-term housing demand across the Inland Northwest.

Highlights

70 Manufactured Home Units (All Tenants Owned) plus Single Family Home rented out at $1,200/month.
Current Rents Range $600 New tenant rents at $700, with approximately 3–4 home sites turning over annually
Park Operates on City Water & Private Septic System
Unused area inside Mead MHC where buyer could add approximately 7–8 additional home sites or use area as a secure gated dry storage area
Property is located in Spokane County, 2nd largest county in Washington state with 237,000 residents inside city limits

Property Flyers

Financial Summary (Actual)

Net Operating Income: $400,349 USD (2025)
Total Expenses: $141,627 USD

Public Transportation

Commuter RailDriveWalkDistance
Spokane (Empire Builder - Amtrak) 23 min - 10.0 mi
AirportDriveWalkDistance
Spokane International 32 min - 17.5 mi
William Jackson Northwest Park Brokerage
William Jackson Northwest Park Brokerage