334 Devoe Street Ne, Olympia, WA 98506

Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by:madison del vigo
Office:coldwell banker evergreen
MLS#:2435556
Source:NWMLS
334 Devoe Street Ne,Olympia, WA 98506
$1,550,000
  • - Beds
  • - Baths
  • 3,518 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$440.59

About this home

Rare opportunity to own a fully occupied, seller-owned 8-unit mobile home park in Olympia, delivering an impressive 8.91% cap rate and strong in-place cash flow. Devoe Mobile Park produces $138,128 in annual NOI and $160,800 in gross income, making it one of the highest-yielding portfolios in Thurston County! Includes 1 single-family home and 7 mobile homes, plus 11 storage sheds, a 2-car garage, coin-operated laundry, and a vintage root cellar under one unit all with onsite management. Private and quiet, but near main corridor in a high-demand rental market. This asset offers both immediate income and long-term potential. Strong historical occupancy, minimal operating costs, and clear upside — Devoe checks every box for the savvy investor.

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Home facts

  • Year built:1965
  • Listing ID #:2435556
  • Updated:September 18, 2025 at 11:55 PM

Rooms and interior

  • Living area:3,518 sq. ft.

Heating and cooling

  • Heating:Wall Unit(s)

Structure and exterior

  • Roof:Composition
  • Year built:1965
  • Building area:3,518 sq. ft.
  • Lot area:0.75 Acres

Schools

  • High school:Olympia High
  • Middle school:Reeves Mid
  • Elementary school:Roosevelt Elementary

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$440.59
  • Tax amount:$6,430 (2024)
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