1438 SE Fones Rd #A&B, Olympia, WA 98501

Olympia
Local realty services provided by:Imagine Realty ERA Powered
Listed by: sateesh kanchukatla
Office: kelly right re of seattle llc.
MLS#:2548425
Source:NWMLS
1438 SE Fones Rd #A&B,Olympia, WA 98501
$655,000
  • - Beds
  • - Baths
  • 2,383 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$655,000
  • Price per sq. ft.:$274.86

About this home

PRICE IMPROVEMENT!! Excellent Location & Strong Investment Opportunity! Well-maintained units in great condition, featuring thoughtful interior updates completed over the past few years. The property benefits from ongoing city road improvements along Fones Road, enhancing accessibility and long-term value. Ideally situated in a close-in location and very close to a freeway exit, this property offers easy commuting and excellent convenience. Enjoy stable and reliable rental income in a highly accessible area. Located within an Opportunity Zone, providing potential tax advantages and appealing estate planning considerations. Owner-occupancy may be possible in Unit A—adding flexibility for investors or owner-users alike. Recent upgrades include: New roof (2025) New water heater Updated flooring Upgraded electrical panel Don’t miss this unique investment opportunity!

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Home facts

  • Year built:1955
  • Subdivision & Development:Olympia
  • Listing ID #:2548425
  • Updated:October 01, 2026 at 12:04 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:2,383 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1955
  • Building area:2,383 sq. ft.
  • Lot area:0.35 Acres
  • Lot Features:Corner
  • Construction Materials:Brick Exterior Finish, Wood Exterior Finish, Wood Products Exterior Finish

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$655,000
  • Price per sq. ft.:$274.86
  • Tax amount:$6,996 (2025)

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:2
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 1, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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