WA > Olympia > Olympia
Olympia, WA 98506,334 Devoe ST NE
Olympia, WA 98506,334 Devoe ST NE
Olympia, WA 98506,334 Devoe ST NE
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$1,550,000
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0.75 Acres Lot
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334 Devoe ST NE Olympia, WA 98506

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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Olympia

MLS Listing ID 2433504

Style 72 - Mobile Home Park

Year Built 1965

Annual Tax Amount $6,430

Lot Size 0.751 Acres

Lot Dimensions 263X126

Property Sub-Type Commercial Industrial

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

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood, Wood Products

Roof Type Composition

Building

Sewer Septic Tank

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, See Remarks

Listing Terms Cash Out, Conventional, See Remarks

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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DJ Gee

DJ Gee

+1(253) 363-0413

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334 Devoe ST NE

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