LKV Realty
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Satish KanchukatlaKelly Right RE of Seattle LLC
$665,000
1438 SE Fones Rd A&B, Olympia, WA 98501Listing ID 2548425

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

Active
Olympia
Last updated: Jul 30, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi Family
Square Feet
Square Feet
2,383
Acres
Acres
0.35
Cooling
Cooling
None
Heating
Heating
Baseboard
Year Built
Year Built
1955
Garages
Garages
2

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 Information

Property Details

Location

Address
1438 SE Fones Rd
County
Thurston
City
Olympia
Zip Code
98501
Subdivision
Olympia
School District
North Thurston
High School
Buyer To Verify
Elementary School
Buyer To Verify
MLS Area
448 - Olympia South

Interior Features

Heating and Cooling

Cooling
None
Heating
Baseboard

Building

Building Information

Square Feet
2,383
Year Built
1955
Construction
Brick, Wood
Roof
Composition

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$6,996
Tax Year
2025
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 09:11 AM UTC. 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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. 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. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM152544

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.