334 Devoe ST NE Active Save Request In-Person Tour Request Virtual Tour
Olympia,WA 98506
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,518 sqft
Price per Sqft $440
Subdivision Olympia
MLS Listing ID 2435556
Style 55 - 5-9 Units
Bedrooms 11
Year Built 1965
Annual Tax Amount $6,430
Lot Size 0.751 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Flooring Laminate,Vinyl
Exterior
Exterior Feature Metal/Vinyl,Wood,Wood Products
Amenities Available Cable TV,Fenced-Partially,Outbuildings
View Y/N No
Roof Type Composition
Building
Lot Description Paved,Secluded
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Roosevelt Elementary
Middle Schools Reeves Mid
High Schools Olympia High
School District Olympia
Others
Acceptable Financing Cash Out,Conventional,See Remarks
Listing Terms Cash Out,Conventional,See Remarks