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(253) 209-4200
Real Estate Company
334 Devoe Street NE, Olympia, WA 98507
- $1,495,000
- 640
- SqFt
Listing Broker: RE/MAX Parkside Affiliates; Thomas Schrader; 360-480-9387; toms@remax.net
- List Price
- $1,495,000
- Status
- ACTIVE
- MLS#
- 2592804
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 640
- Area Total SqFt
- 640
- Annual Tax Ammount
- 6430
- Internet Provider
- By Buyer
- Lot Size (sq ft)
- 32,670
- Sewer
- Sewer Connected
Property Description
AMAZING 8 UNIT INCOME PRODUCING INVESTMENT in good area. # Br house with "bomb shelter" and Garage. 4 Storage sheds, Coin operated Laundry area. All M-2-M rents. One unit occupied by site manager (#7).
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Additional Information
- List Date
- 2026-10-09 03:28:11
- Community
- Olympia
- Net Operating Income
- $138,128
- Gross Adjusted Income
- $160,800
- Gross Scheduled Income
- $157,800
- Total Monthly Income
- $13,150
- Insurance Expenses
- $2,042
- Water/Sewer/Garbage Expenses
- $4,800
- Gross Rent Multiplier
- 9.19
- Total Expenses
- $22,673
- Cap Rate
- 9.53
- Vacancy Rate
- 1
- Total Number of Units
- 8
- Unit Name
- 334
- Potential Terms
- Cash, Conventional, Farm Home Loan, FHA, Lease Purchase, Owner Will Carry, Rehab Loan, See Remarks, State Bond, USDA Loan
- Year Built
- 1965
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Outbuildings, RV Parking
- Electric Expenses
- 2400
- Other Expenses
- 7000
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Roosevelt Elementary
- Middle School
- Reeves Mid
- High School
- Olympia High
- Total Monthly Income
- $13,150
- Gross Scheduled Income
- $157,800
- Vacancy Rate
- 1
- Gross Adjusted Income
- $160,800
- Tax Year
- 2026
- Insurance Expense
- $2,042
- W/S/G Expenses
- $4,800
- Total Expenses
- $22,673
- Net Operating Income
- $138,128
- Gross Rent Multiplier
- 9.19
- Cap Rate
- 9.53
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.