1604 Fones Road Se, Olympia, WA 98501

Olympia
Local realty services provided by:RSVP Brokers ERA
Listed by: ken crotts
Office: exp realty
MLS#:2553249
Source:NWMLS
1604 Fones Road Se,Olympia, WA 98501
$325,000
  • 2 Beds
  • 1 Baths
  • 1,056 sq. ft.
  • Single family
  • Pending Inspection

Price summary

  • Price:$325,000
  • Price per sq. ft.:$307.77

About this home

Exceptional Investment & Development Opportunity! Situated on a prime shy half-acre parcel in a high-density zoning area, this property offers outstanding potential for investors, developers, or those seeking long-term appreciation. Ideally located along Fones Road, the property is positioned to benefit from significant infrastructure improvements currently underway, including newly constructed streets and upgraded utilities, further enhancing its future value and development potential. The existing 2-bedroom, 1-bath home is undergoing a complete renovation with quality finishes throughout, creating an attractive, move-in-ready residence or income-producing rental. Renovations include an open-concept floor plan, stylish high-end finishes, and durable luxury vinyl plank flooring throughout. Whether you're looking to generate immediate rental income while planning future development or secure a property in a rapidly improving corridor, this is a rare opportunity to capitalize on both...

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Home facts

  • Year built:1940
  • Subdivision & Development:Olympia
  • Listing ID #:2553249
  • Updated:August 04, 2026 at 10:43 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Bedroom Description:Main Level Bedrooms : 2
  • Basement:Yes
  • Living area:1,056 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Building area:1,056 sq. ft.
  • Lot area:0.49 Acres
  • Construction Materials:Wood Exterior Finish
  • Foundation Description:None
  • Levels:1 Story

Schools

  • High school:North Thurston High
  • Middle school:Chinook Mid
  • Elementary school:Mountain View Elementary

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$307.77
  • Tax amount:$2,686 (2026)

Features and amenities

  • Appliances:Dishwasher, Refrigerator
  • Amenities:Water Heater

Parking

  • Parking description:Driveway
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 4, 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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