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334 Devoe Street Ne, 
Olympia, WA 98506

$1,550,000


Bed


Bath


3,518

Sq Ft


Multi-Family

Active

Last updated:

November 11, 2025, 12:01 PM

MLS#

2435556

Source:

NWMLS

Company Logo

About This Home

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.

Home Facts

Multi-Family

Built in 1965

Price Summary

1,550,000

$440 per Sq. Ft.

MLS #:

2435556

Last Updated:

November 11, 2025, 12:01 PM


Rooms & Interior

Interior

Living Area:

3,518 Sq. Ft.


Structure

Structure

Building Area:

3,518 Sq. Ft.

Year Built:

1965


Lot

Lot Size (Sq. Ft):

32,715


Finances & Disclosures

Finances

Price:

$1,550,000

Price per Sq. Ft:

$440 per Sq. Ft.

334 Devoe Street Ne
MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 13, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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