334 Devoe Street NE Olympia, WA $ 1,550,000
334 Devoe Street NE
$ 1,550,000
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334 Devoe Street NE

Olympia, WA, 98506
$ 1,550,000
Baths0.0 Sq 3,518

Monthly Estimate*

$ 9,670

Listed by Coldwell Banker Evergreen
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Studio

Multi-Family Home for sale in Olympia, WA

for $1,550,000. This 3,518 square foot home 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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Multi-Family Active

Price

$ 1,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,430

Style

5-9 Units

Lot Size

0.751

Year Built

1965

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2435556

Features
General
Living Area 0
Sewer Septic Tank
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1965
Property Subtype Multi Family
Tax Year 2024
Building Name Berry Farms
County Thurston
Net Operating Income 138128
Insurance Expense 2042
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Olympia
Possible Use Residential
Special Listing Conditions None
Status Active
Directions GPS Friendly
High School Olympia High
City Olympia
Senior Community Y/N N
High School District Olympia
Zoning Description Residential
Open Parking Spaces 0
Number Of Units Total 8
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 32715
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional See Remarks
Elementary School Roosevelt Elementary
Tax Annual Amount 6430
Electric Expense 2400
Fuel Expense 0
Middle/Junior High School Reeves Mid
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
Leasable Area 3518
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Units Below Grade false
Units In Building Total 8
Water Sewer Garbage 4800
Property Style 55 - 5-9 Units
Cap Rate 8.91
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Exterior
Exterior Amenities Metal/Vinyl Wood Wood Products
Lot Features Paved Secluded
Water Source Public
Total Parking 12
Foundation Details Block Pillar/Post/Pier
Building Area Total 3518
Lot Dimensions 263X126
Lot Size Acres 0.751
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially Outbuildings
Parking Uncovered Spaces 0
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Interior
Flooring Laminate Vinyl
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 8
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 NWM2435556
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
3691727 Elementary School
256928 Middle School
Olympia High High School
Pricing History
DatePricePrice ChangeDescription
9/18/2025$1,550,000 Listed Price

Map


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334 Devoe Street NE, Olympia, WA, 98506 is a Multi-Family Home for sale at $1,550,000 with 3,518 sqft and a lot size of 0.751. 334 Devoe Street NE is a studio with 0.0 baths and was built in 1965. The property's zip code is 98506 which is in Olympia, WA