Active · Residential Income

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

Olympia, WA 98501

$655,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Kelly Right RE of Seattle LLC · MLS #2548425 · Active

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About this property

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!

Property details

Property type: Multi Family
Year built: 1955
Lot size: 15,268 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $6,996 (2025)
Parking spaces: 4
School district: North Thurston

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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