Olympia, WA 98506 334 Devoe Street NE

$1,550,000

334 Devoe Street NE Olympia, WA - Image 1334 Devoe Street NE Olympia, WA - Image 2334 Devoe Street NE Olympia, WA - Image 3
24 more
334 Devoe Street NE Olympia, WA - Image 4334 Devoe Street NE Olympia, WA - Image 5334 Devoe Street NE Olympia, WA - Image 6334 Devoe Street NE Olympia, WA - Image 7334 Devoe Street NE Olympia, WA - Image 8334 Devoe Street NE Olympia, WA - Image 9334 Devoe Street NE Olympia, WA - Image 10334 Devoe Street NE Olympia, WA - Image 11334 Devoe Street NE Olympia, WA - Image 12334 Devoe Street NE Olympia, WA - Image 13334 Devoe Street NE Olympia, WA - Image 14334 Devoe Street NE Olympia, WA - Image 15334 Devoe Street NE Olympia, WA - Image 16334 Devoe Street NE Olympia, WA - Image 17334 Devoe Street NE Olympia, WA - Image 18334 Devoe Street NE Olympia, WA - Image 19334 Devoe Street NE Olympia, WA - Image 20334 Devoe Street NE Olympia, WA - Image 21334 Devoe Street NE Olympia, WA - Image 22334 Devoe Street NE Olympia, WA - Image 23334 Devoe Street NE Olympia, WA - Image 24334 Devoe Street NE Olympia, WA - Image 25334 Devoe Street NE Olympia, WA - Image 26334 Devoe Street NE Olympia, WA - Image 27334 Devoe Street NE Olympia, WA - Image 28
Presented By: Coldwell Banker Evergreen and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2433504
  • 09/16/2025
  • Get pre-approved
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.

Home Details

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.
Presented By: Coldwell Banker Evergreen and NWMLS

Interior Features for 334 Devoe Street NE

Bedrooms

Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces

General for 334 Devoe Street NE

Building Area UnitsSquare Feet
Building FeaturesStorage
Cap Rate8.91
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsGPS Friendly
Electric Expense2400
HOANo
HOA Fee$
HeatingWall Unit(s)
Insurance Expense2042
Listing TermsCash Out, Conventional, See Remarks
Lot Size Square Feet32715
Lot Size UnitsSquare Feet
MLS Area447 – Olympia North
ModificationTimestamp2025-09-18T21:43:11.332Z
NWM_ShowMapLinkY
Net Operating Income138128
Number Of Units Total8
PossessionClosing
Possible UseResidential
Property ConditionFair
Property Style72 – Mobile Home Park
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksRare 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
RoofComposition
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeManufactured House
Subdivision NameOlympia
Tax Annual Amount6430
Tax Year2024
Total Actual Rent13150
Water CompanyCity of Olympia
Water Sewer Garbage4800
Year Built1965
Zoning DescriptionResidential

Exterior for 334 Devoe Street NE

Building Area Total
Exterior AmenitiesMetal/Vinyl, Wood, Wood Products
Foundation DetailsBlock, Pillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot Dimensions263X126
Lot Size Acres0.751
Parking Uncovered Total10
Total Parking10
VegetationWooded
Water SourcePublic

Additional Details

Price History

Josh QA1

REALTOR ® SRES ®
Price $1,550,000
MLS#2433504
List Date 09/16/2025
Property Type Commercial
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 334 Devoe Street NE

Ask A Question