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Listed by: Sateesh Kanchukatla (917) 515-8665 | Kelly Right RE of Seattle LLC (206) 525-5235
$655,000
Monthly Est:$3,260
5 Beds
3 Baths
2,383sqft
1438 SE Fones Rd #A&B, Olympia, WA 98501
$655,000
$3,260/moEst:
Get Pre-Approved
Duplex
Built in 1955
$-- HOA
15,268 sqft lot
$275/sq.ft
Description
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!
- Houzeo last checked: 12 hours ago
- Listing updated: September 22, 2026 at 6:42 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2548425
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1955
HOA Fees
-
Finished Area
2,383 sqft
Lot Size
15,268 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2548425
MLS Status
Active
Days on Market
93
Cumulative Days on Market
148
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Flooring
Laminate, Carpet
Exterior Features
Brick, Wood, Wood Products
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1955
Home type
Duplex
Roof
Composition
Construction Materials
Brick, Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Corner Lot
Subdivision Name
Olympia
Price History
| Date | Event | Price |
|---|---|---|
07/30/2026 Source: | Price Decreased | $665,000 -1.48% $279/sqft |
07/01/2026 Source: | Price Increased | $675,000 +3.05% $283/sqft |
07/01/2026 Source: | Listed for Sale | $655,000 $275/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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