334 Devoe Street NE, Olympia, WA 98506 (MLS # 2433504)
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Listing provided courtesy of Northwest MLS; Coldwell Banker Evergreen
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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.
| LAST UPDATED | 9/16/2025 | TRACT | Olympia |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | Olympia |
| COUNTY | Thurston | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 447 - Olympia North |
| CONSTRUCTION | Metal Siding, Vinyl Siding, Wood Siding |
| HEAT | Electric |
| LOT | 0.751 acre(s) |
| LOT DESCRIPTION | Wooded |
| LOT DIMENSIONS | 263X126 |
| MLS STATUS | Active |
| SEWER | Septic Tank |
| STYLE | 72 - Mobile Home Park |
| SUBDIVISION | Olympia |
| TAXES | 6430 |
| WATER | Public |
| ZONING | Residential |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/17/25 4:16 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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