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.
Listing Provided Courtesy of Madison Del Vigo, Coldwell Banker Evergreen
General Information
NWM2435556
Multi Family
2
DOM
0.75 acres
3518
1965
Residen
Thurston
Roosevelt Eleme
Reeves Mid
Olympia High
Residential Incom
Multi Family
Listing Provided Courtesy of Madison Del Vigo, Coldwell Banker Evergreen
Krishna Realty data last checked: Sep 22, 2025 15:44 | Listing last modified Sep 18, 2025 23:21,
Source:
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Residence Information
3518
Composition
55 - 5-9 Units
1965
Block, Pillar/Post/P
Features and Utilities
Metal/Vinyl, Wood, Wood Products
Public
Septic Tank
0
Financial
6430
Cash Out, Conventional, See Remarks
09-16-2025
Comparable Information
2
2
Cash Out, Conventional, See Remarks
$1,550,000
$1,550,000
Sep 18, 2025 23:21
Schools
Elementary : Roosevelt ElemeN/ARatings Middle : Reeves Mid N/ARatings High : Olympia HighN/ARatings
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.
