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334 Devoe Street NE Olympia, WA $ 1,550,000
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$ 1,550,000 Get more info
334 Devoe Street NE
$ 1,550,000
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Share Save

334 Devoe Street NE

Olympia, WA, 98506
$ 1,550,000
Bedrooms-- Baths--

Monthly Estimate*

$ 9,670

Listed by Coldwell Banker Evergreen
334 Devoe Street NE, Olympia, WA 98506 - Image 1
334 Devoe Street NE, Olympia, WA 98506 - Image 2
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Commercial Property for sale in Olympia, WA

for $1,550,000. This building was built in 1965 on a lot size of 0.751.

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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Commercial Active

Price

$ 1,550,000

Property Type

Commercial

Taxes

$ 6,430

Style

Mobile Home Park

Lot Size

0.751

Year Built

1965

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2433504
Features
General
Living Area 0
Sewer Septic Tank
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1965
Property Subtype Commercial Industrial
Tax Year 2024
County Thurston
Net Operating Income 138128
Insurance Expense 2042
Property Type Commercial Sale
HOA N
Subdivision Name Olympia
Possible Use Residential
Building Features Storage
Special Listing Conditions None
Status Active
Directions GPS Friendly
City Olympia
Senior Community Y/N N
Zoning Description Residential
Number Of Units Total 8
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 32715
Carport Y/N N
Listing Terms Cash Out Conventional See Remarks
Tax Annual Amount 6430
Electric Expense 2400
Property Condition Fair
Public Remarks 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
Structure Type Manufactured House
Building Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Total Actual Rent 13150
Water Sewer Garbage 4800
Property Style 72 - Mobile Home Park
Cap Rate 8.91
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Exterior
Exterior Amenities Metal/Vinyl Wood Wood Products
Vegetation Wooded
Water Source Public
Total Parking 10
Foundation Details Block Pillar/Post/Pier
Building Area Total 0
Lot Dimensions 263X126
Lot Size Acres 0.751
Irrigation Water Rights Y/N N
Parking Uncovered Total 10
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Interior
Flooring Laminate Vinyl
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2433504
Street Number 1 334
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* Excluded Features
List By
Madison Del Vigo

Listing Agent

Coldwell Banker Evergreen

Broker

Affordability Calculator

$10,206
Per Month
95%
5%
0%
Monthly Principal & Interest
$9,670
Monthly Property Taxes
$536
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/17/2025$1,550,000 Listed Price

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334 Devoe Street NE, Olympia, WA, 98506 is a Commercial Property for sale at $1,550,000 with a lot size of 0.751. 334 Devoe Street NE was built in 1965. The property's zip code is 98506 which is in Olympia, WA

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