334 Devoe Street NE Olympia, WA 98506
334 Devoe Street NE
Olympia, WA 98506
$1,550,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Olympia
5-9 Units
Cable TV
Fenced-Partially
Outbuildings
Exterior: Metal/Vinyl
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Year Built: 1965
2024 Taxes: $6430.00
Buyer Broker Comp.: 2.5%%
Listing #: 2435556
Lot Details
Lot Size: 0.75 acres
Lot Dimensions: 263X126
Paved
Secluded
No. of Units: 8
Interior
Cooling: None
Heating: Wall Unit(s)
Electric
Schools
District: Olympia
Elem: Roosevelt Elementary
Middle: Reeves Mid
High: Olympia High
Call or Email:
Grace Wamwere
What's Near 334 Devoe Street NE Olympia, WA 98506?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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Courtesy of Coldwell Banker Evergreen
