1438 Fones Rd Se #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#:2513731
Source:NWMLS
1438 Fones Rd Se #A&B,Olympia, WA 98501
$675,000
  • - Beds
  • - Baths
  • 2,383 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$675,000
  • Price per sq. ft.:$283.26

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
  • Listing ID #:2513731
  • Updated:June 30, 2026 at 11:12 AM

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:$675,000
  • Price per sq. ft.:$283.26
  • Tax amount:$6,996 (2025)

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:2
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