Olympia, WA 98506 334 Devoe Street NE
$1,550,000
24 more
Presented By: Coldwell Banker Evergreen and NWMLS
- MLS# 2435556
- 09/16/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,518
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 $160,800 in gross income, making it one of the highest-yielding portfolios in Thurston County! Includes 1 single-family home and 7 mobile homes, plus 11 storage sheds, a 2-car garage, coin-operated laundry, and a vintage root cellar under one unit all with onsite management. Private and quiet, but near main corridor in a high-demand rental market. This asset offers both immediate income and long-term potential. Strong historical occupancy, minimal operating costs, and clear upside — Devoe checks every box for the savvy investor.
Presented By: Coldwell Banker Evergreen and NWMLS
Interior Features for 334 Devoe Street NE
Bedrooms
Bedrooms Possible8
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 334 Devoe Street NE
Building Area UnitsSquare Feet
Building NameBerry Farms
Cap Rate8.91
Carport Spaces
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsGPS Friendly
Electric Expense2400
Elementary SchoolRoosevelt Elementary
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolOlympia High
High School DistrictOlympia
Insurance Expense2042
Leasable Area3518
Listing TermsCash Out, Conventional, See Remarks
Lot Size Square Feet32715
Lot Size UnitsSquare Feet
MLS Area447 – Olympia North
Middle/Junior High SchoolReeves Mid
ModificationTimestamp2025-09-18T23:22:13.261Z
NWM_ShowMapLinkY
Net Operating Income138128
New ConstructionNo
Number Of Units Total8
Open Parking Spaces0
PossessionClosing
Possible UseResidential
Property ConditionFair
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
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
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameOlympia
Tax Annual Amount6430
Tax Year2024
Units Below Gradefalse
Units In Building Total8
Water CompanyCity of Olympia
Water Sewer Garbage4800
Year Built1965
Zoning DescriptionResidential
Exterior for 334 Devoe Street NE
Building Area Total3518
Covered Spaces
Exterior AmenitiesMetal/Vinyl, Wood, Wood Products
Foundation DetailsBlock, Pillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot Dimensions263X126
Lot FeaturesPaved, Secluded
Lot Size Acres0.751
Parking Uncovered Spaces0
Site FeaturesCable TV, Fenced-Partially, Outbuildings
Total Parking12
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Reeves Mid
High School
Olympia High
Elementary School
Roosevelt Elementary
Josh QA1
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