1 of 10

Want to see this property?

Listing courtesy of NWMLS / Better Properties N. Proctor

1438 Fones Road SE Unit A&B

Olympia, WA 98501

– beds
– baths
2,383 sqft
15,268 sqft lot
$272 per sqft
1987 build

Large Duplex with good rental income. Excellent location! Units are in great shape. With interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity. Owner occupied option may be available on Unit A. **Neighboring duplexes are also for sale**

Listing courtesy of NWMLS / Better Properties N. Proctor

Last checked: Checking… • Last updated Jan 11, 2025 •

MLS# 2321579 —

The Building

Year Built:

1955
Year Built:

1987
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Duplex
Roof:

Composition
Foundation Details:

Poured Concrete
Security Features:

FullyFenced
Exterior Features:

Brick, Wood, Wood Products
Units In Building Total:

2
# of Units Total:

2
Stories Total:

1
Building Area Total:

2383
Building Area Units:

Square Feet
Calculated SqFt:

2383
SqFt Source:

County
Green Energy Efficient:

Thermal Windows

Interior

Interior Features:

Laminate Hardwood, Wall to Wall Carpet
Flooring:

Laminate, Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing, Tenant's Rights

Location

Latitude:

47.034685
Longitude:

-122.846543
Unit Number:

A&B
Directions:

Pacific Ave head (North) to Fones Road head (East) on the left side of Fones Rd.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Good
Parcel Number:

11819140300
Lot Features:

Dead End Street, Paved
Lot Size Units:

Square Feet
Lot Size Acres:

0.3505
Lot Size SqFt:

15268
Lot Size Source:

County
Zoning Class:

Multi-Family
View:

false
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5593

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard, Wall Unit(s)

Utilities

Water Company:

City Of Olympia
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

City Of Olympia
Power Company:

Pse
Water Sewer Garbage:

2800

Schools

Elementary School:

Pleasant Glade Elem
Middle Or Junior School:

Chinook Mid
High School:

North Thurston High
High School District:

North Thurston

The Community

Subdivision Name:

Olympia
Amenities:

Thermal Windows
Senior Community:

false
Association:

false

Parking

Parking Total:

4
Parking Uncovered Spaces:

2
Open Parking:

true
Open Parking Spaces:

2
Garage SqFt:

675
Carport:

false
Covered Spaces:

2

Listing courtesy of NWMLS / Better Properties N. Proctor

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Fri Mar 28 2025 04:28 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/11/25 Jan 11, 2025	Listed / Active	NWMLS	$649,900

Multifamily For Sale

$649,900

Listing provided by broker:

Josh J. Carlson

Better Properties N. Proctor

Want a closer look?

Go see 1438 Fones Road SE

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Olympia, WA

Similar sold homes

This multifamily located in Olympia, WA 98501 is currently for sale for $649,900. 1438 Fones Road SE Unit A&B is a 2,383 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of North Thurston High School, Pleasant Glade Elementary School, and Chinook Middle School.

Listing courtesy of NWMLS / Better Properties N. Proctor

Disclaimer: The information contained in this listing has not been verified by Better Properties N. Proctor and should be verified by the buyer.