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$675,000
25 Days On Site

1438 SE Fones Rd A&B
Olympia, WA 98501

For Sale|Multi Family|Active
0
Beds
0
Total Baths
2,383
SqFt
$283
/SqFt
1955
Built
Cumulative Days On Market:
81
Subdivision:
Olympia
County:
Thurston
Courtesy of NWMLS
Listing courtesy of Sateesh Kanchukatla of Kelly Right RE of Seattle LLC
Call Now: (408) 868-2620
Is this the listing for you? We can help make it yours.
(408) 868-2620
1438 SE Fones Rd A&B1438 SE Fones Rd A&B1438 SE Fones Rd A&B1438 SE Fones Rd A&B
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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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Listing Snapshot
Price 
$675,000
Days On Site 
25 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,383 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3505 Acres
Year Built 
1955
MLS® Number 
2548425
Status 
Active
Property Tax 
$6,996
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
4 weeks agoListing first seen on site
General Features
Acres 
0.3505
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
1
Parking Spaces 
4
Property Sub Type 
Multi Family
SqFt Total 
2383
Utilities 
Sewer Connected
Water Source 
Public
Interior Features
Flooring 
LaminateCarpet
Heating 
ElectricBaseboard
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Exterior Features
Construction Details 
BrickWood Siding
Lot Features 
Corner Lot
Roof 
Composition
Community Features
Financing Terms Available 
CashConventionalFHAVA Loan
MLS Area 
448 - Olympia South
School District 
North Thurston
Schools
School District
North Thurston
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Courtesy of NWMLS
Listing courtesy of Sateesh Kanchukatla of Kelly Right RE of Seattle LLC



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-07-26 10:10 PM PDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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*Estimate only. Actual rebate may vary based on final price, lender requirements, MLS rules, and broker policies.

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