MLS #2433504 / Listing provided by NWMLS & Coldwell Banker Evergreen.
$1,550,000
334 Devoe Street NE
Olympia,
WA
98506
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 10
- Total Uncovered Parking Spaces: 10
Structure
- Roof: Composition
- Exterior Features: Metal/Vinyl, Wood, Wood Products
- Foundation: Block, Pillar/Post/Pier
Lot Details
- Acres: 0.751
- Foundation: Block, Pillar/Post/Pier
Lot Details
- Acres: 0.751
- Foundation: Block, Pillar/Post/Pier
Power
- Energy Source: Electric
- Power Company: Puget Sound Energy
Water, Sewer, and Garbage
- Sewer Company: Septic
- Sewer: Septic Tank
- Water Company: City of Olympia
- Water Source: Public
- Water, Sewer, and Garbage: 4800
Andrea Currin
Broker | REALTOR®
Send Andrea Currin an email