About 334 Devoe Street Ne
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.
Features of 334 Devoe Street Ne
| MLS® # | 2435556 |
|---|---|
| Price | $1,550,000 |
| Price Per SqFt | $441 |
| Bathrooms | 0.00 |
| Square Footage | 3,518 |
| Acres | 0.75 |
| Year Built | 1965 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 334 Devoe Street Ne |
|---|---|
| Area | 447 - Olympia North |
| Subdivision | Olympia |
| City | Olympia |
| County | Thurston |
| State | WA |
| Zip Code | 98506 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
Exterior
| Exterior Features | Metal/Vinyl, Wood, Wood Products |
|---|---|
| Lot Description | Paved, Secluded |
| Foundation | Block, Pillar/Post/Pier |
School Information
| District | Olympia |
|---|---|
| Elementary | Roosevelt Elementary |
| Middle | Reeves Mid |
| High | Olympia High |
Additional Information
| Days on Market | 37 |
|---|---|
| Cumulative Days on Market | 37 |
| Days on Website | 35 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Evergreen |
|---|