1604 Fones Road Se, Olympia, WA 98501

Olympia
Local realty services provided by:Knipe Realty ERA Powered
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 Feasibility

Price summary

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

About this home

DEVELOPMENT & INVESTMENT OPPORTUNITY! Unlock the potential of this strategically positioned property in a rapidly evolving corridor with strong future multifamily development potential. Situated on a valuable parcel, the property offers investors the opportunity to acquire and hold today while creating additional value through future redevelopment. The existing 2-bedroom, 1-bath home provides flexibility for interim rental income or personal use while exploring development plans, entitlements, or redevelopment opportunities. This unique combination of current income potential and long-term land value makes the property an attractive option for investors seeking multiple exit strategies. Ideal for investors, builders, and developers looking to capitalize on an area experiencing ongoing infrastructure improvements and growth. Generate potential income today, hold for appreciation, and position yourself for future multifamily development. A compelling opportunity to invest in the...

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Home facts

  • Year built:1940
  • Subdivision & Development:Olympia
  • Listing ID #:2553249
  • Updated:September 18, 2026 at 06:07 PM

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 September 18, 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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