334 Devoe St NE

Olympia, WA 98506

$1,550,000
Price
11
Beds
8.5
Baths
3,518 Sq. Ft.
$441 / Sq. Ft.
3,518
Sq. Ft.
$441
per Sq. Ft.
an aerial view of residential houses with outdoor space
a view of a city
a backyard of a house with barbeque oven and large trees
a view of street with parked cars
a view of a house with backyard and tree
a view of a backyard with sitting area
a front view of a house with garden
a kitchen with a refrigerator and cabinets
a view of empty room with window
an empty room with wooden floor and windows
a bathroom with a mirror and a sink
a view of a small space
a view of a bathroom
a kitchen with a refrigerator and a stove
a view of a back yard of the house
a view of empty room with wooden floor and fan
a kitchen with sink and cabinets
a view of empty room with wooden floor
a white stove top oven sitting inside of a kitchen
a view of room with wooden floor
a kitchen with stainless steel appliances granite countertop a sink and a refrigerator
a front view of a house with garden
a front view of house with yard
a kitchen that has a sink and a stove
a front view of a house with a yard
a view of walk in closet
a kitchen with a stove and a microwave
Listing provided courtesy of Coldwell Banker Evergreen

Description

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...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.

Property Details for 334 Devoe Street Northeast

Community Name
Olympia
School District
Olympia
Number of Assigned Spaces
12
Total Covered Parking
0
Entry Date
09-16-2025
Energy Source
Electric
Sewer
Septic Tank
LISTING UPDATED: 09/18/2025 04:22 PM

Property Details for 334 Devoe Street Northeast

StatusActive
MLS #2435556
Days on Market90
Cumulative Days on Market90
Taxes$6,430 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.75 AC / 32,715 SF
CountyThurston County

Location

Listing Courtesy of Coldwell Banker Evergreen
Add your commute

Building Information for 334 Devoe Street Northeast

Stories1Residences8Year Built1965Building Size-Lot Size0.75 AC / 32,715 SF

Payment Calculator

$8,195 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,659

Property Taxes

$536

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 334 Devoe Street Northeast

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Fenced-Partially, Outbuildings
  • Area: 447 - Olympia North
  • Elementary School: Roosevelt Elementary
  • Middle Or Junior School: Reeves Mid
  • High School: Olympia High
  • Effective Year Built Source: Public Records
  • Directions: GPS Friendly
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 8
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Vinyl
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl, Wood, Wood Products
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4800
  • Power Company: Puget Sound Energy
  • Sewer Company: Septic
  • Water Company: City of Olympia
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Block, Pillar/Post/Pier
  • Zoning Remarks: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: County Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1965
  • Photos Count: 29
Lot Information
  • Lot Details: Paved, Secluded
  • Lot Size Dimensions: 263X126
  • Lot Size Source: Public Record
  • Parcel Number Free Text: 34201600200
  • Building Condition: Fair
  • Calculated Square Footage: 3518
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3518.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $2,400
  • Total Expenses: 22672
  • Gross Adjusted Income: 160800
  • Gross Rent Multiplier: 9.64
  • Gross Scheduled Income: $157,800
  • Insurance Expense: $2,042
  • Net Operating Income: $138,128
  • Other Expenses: $7,000
  • Total Monthly Income: 13150
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 420
  • Rent Unit 1: $1,850.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Tenant Description Unit 1: Unit 1
  • Type Of Use Unit 1: Residential
  • Bathrooms Unit 1: 1
  • Lease Expiration Unit 1: 2025-01-05
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 918
  • Rent Unit 2: $2,050.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 0
  • Tenant Description Unit 2: Unit 2
  • Type Of Use Unit 2: Residential
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 320
  • Rent Unit 3: $1,675.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Tenant Description Unit 3: Unit 3
  • Type Of Use Unit 3: Residential
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 256
  • Rent Unit 4: $1,250.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Tenant Description Unit 4: Unit 4
  • Type Of Use Unit 4: Residential
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 272
  • Rent Unit 5: $1,725.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Tenant Description Unit 5: Unit 5
  • Type Of Use Unit 5: Residential
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 640
  • Rent Unit 6: $1,650.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Tenant Description Unit 6: Unit 6
  • Type Of Use Unit 6: Residential
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 312
  • Rent Unit 7: $1,500.00
  • Bedrooms Unit 7: 1
  • Fireplaces Unit 7: 0
  • Tenant Description Unit 7: Unit 7
  • Type Of Use Unit 7: Residential
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 380
  • Rent Unit 8: $1,450.00
  • Bedrooms Unit 8: 1
  • Fireplaces Unit 8: 0
  • Tenant Description Unit 8: Unit 8
  • Type Of Use Unit 8: Residential
  • Bathrooms Unit 8: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3518.0

Property History for 334 Devoe Street Northeast

DateEvent & SourcePriceAppreciation
Sep 16, 2025

Listed (Active)

NWMLS #2435556

$1,550,000—
DateEvent & SourcePrice
09/16/2025

Listed (Active)

NWMLS #2435556

$1,550,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 334 Devoe Street Northeast

Taxable ValueLand$362,600Additions$175,900Total$538,500
Tax Record2025$6,068 ($506 / month)
Home Facts
Beds0Baths1Total Finished SqFt640 SqFtAbove Ground SqFt640 SqFtStories1Lot Size32,670 SqFtStyleSingle Family ResidenceYear Built1965Year Renovated1989CountyTHURSTONAPN3420-16-00200Fireplace TypeHas Fireplace

Schools near 334 Devoe Street Northeast

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
Reeves Middle School
Public - 6 to 8
Olympia High School
Public - 9 to 12
Avanti High School
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Reeves Middle School
Public6 to 8

Olympia High School
Public9 to 12

Avanti High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 334 Devoe Street Northeast, Olympia, WA 98506

334 Devoe Street Northeast is a multi-family home for sale in Olympia, WA 98506. This property was listed for sale on September 16, 2025 by Coldwell Banker Evergreen, it's currently listed at $1,550,000. This listing's school district is Olympia School District. Nearby schools include Roosevelt Elementary School, Reeves Middle School and Olympia High School. 334 Devoe Street Northeast is a 11-bed, 8.5-bath, 3,518 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Evergreen

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 01:58 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.