334 Devoe Street NE

Olympia, WA 98506

  • Bed

  • Bath

  • 3518 SqFt

  • 2 DOM

  • Built: 1965

  • Status: Active

$1,550,000

X

334 Devoe Street NE

Olympia 98506

$1550000

  • Bed

  • Bath

  • 3518 SqFt

  • 2 DOM

  • Built: 1965

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 3518

  • Composition

  • 55 - 5-9 Units

  • 1965

  • Block, Pillar/Post/P

Features and Utilities

  • Metal/Vinyl, Wood, Wood Products

  • Public

  • Septic Tank

  • 0

Financial

  • 6430

  • Cash Out, Conventional, See Remarks

  • 09-16-2025

Comparable Information

  • 2

  • 2

  • Cash Out, Conventional, See Remarks

  • $1,550,000

  • $1,550,000

  • Sep 18, 2025 23:21

Schools

Elementary : Roosevelt Eleme N/A Ratings
Middle : Reeves Mid N/A Ratings
High : Olympia High N/A Ratings

Map

Listing courtesy of Coldwell Banker Evergreen.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Sep 20, 2025 06:40 | Listing last modified Sep 18, 2025 23:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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