334 Devoe Street NE, Olympia, WA 98506
Multi-Family Home 
Built in 1965 
0.75acre lot
—— car garage 
$——/sqft 
Listed 1 month ago
Property Description
This listing courtesy of Madison Del Vigo, Coldwell Banker Evergreen
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.
- Listing Status:
- Active
- Listing Office:
- Coldwell Banker Evergreen : 360-352-7651
- Listing Agent:
- Madison Del Vigo : 360-352-7651
- MLS ID:
- 2435556
- General: Metal/VinylWoodWood Products
- Parking: Parking spaces: 12
- Roofing: Composition
- General: 55 - 5-9 UnitsBlockPillar/Post/Pier
- HOA Amenities: 0.0
- Originating MLS: nwmls
- School District: Olympia
- County: Thurston
- Zoning: 34201600200
- Water: Public
- Sewer: Septic Tank
- Source: nwmls
This listing courtesy of Madison Del Vigo, Coldwell Banker Evergreen
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Roosevelt Elementary School
1417 San Francisco Ave NE, Olympia, WA, 98506
Grades PK-5
1.31 miles away
Reeves Middle School
2200 Quince St NE, Olympia, WA, 98506
Grades 6-8
1.83 miles away
Olympia High School
1302 North St SE, Olympia, WA, 98501
Grades 9-12
2.38 miles away
