Photo available from broker
About this property
Skyline Moorage comprises 27 floating homes and 36 moorage spaces along the Multnomah Channel, with pro-forma net operating income of roughly $190,000. Floating home moorage behaves more like residential ground lease income than seasonal marina revenue — turnover is low and collections are stable. The asset is 1031 eligible. Oregon buyers should confirm the status of any Department of State Lands waterway authorization covering the moorage footprint.
Investment highlights
- 27 floating homes and 36 moorage spaces on the Multnomah Channel
- Pro-forma NOI of $190,000 with residential-style tenancy stability
- 1031 exchange eligible for buyers rolling gains from other real estate
- Portland metro location with limited competing floating home moorage
Key stats
- Floating homes
- 27
- Moorage spaces
- 36
- Pro-forma NOI
- $190,000
- Exchange
- 1031 eligible
Harbour Index has no interest or stake in the sale of this property and has not independently verified the information provided. All details are sourced from third-party listing platforms and brokers. Prospective buyers should conduct their own due diligence. Information is subject to change without notice.