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
Est. payment /mo
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11 Beds
8.5 Baths
3,518 SqFt
Active

334 Devoe ST NE Olympia, WA 98506

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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

Lot Dimensions 263X126

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

Fireplace false

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

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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