1438 SE Fones Rd #A&B · Olympia, WA 98501
Source: NWMLS · Kelly Right RE of Seattle LLC · Sateesh Kanchukatla #NWM2548425
About this home
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!
Location
Basics
- Property type
- Multi Family
- Style
- Duplex
- Stories
- 1 story
- Year built
- 1955 (renovated 1987)
- Building area
- 2,383 sq ft
- Lot size
- 15,268 sq ft (0.35 acres)
- County
- Thurston
- MLS #
- NWM2548425
Interior
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Laminate, Carpet
Exterior & lot
- Exterior features
- Brick, Wood, Wood Products
- Roof
- Composition
- Lot features
- Corner Lot
- Waterfront
- No
Parking
- Parking spaces
- 4
- Garage
- 2
- Covered spaces
- 2
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Olympia
- Property tax
- $6,996 (2025)
Transaction
- Original list price
- $675,000 (3% price cut)
- Listed on
- Jul 1, 2026
- Days on market
- 136
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2025-06-20
- Sold$600,000
- 2018-12-19
- Sold$1,200,000
Schools
School district: North Thurston
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- North Thurston High SchoolSchoolDigger 3 stars · Top 30% in WA
Listing provided courtesy of: Kelly Right RE of Seattle LLC
Listing agent: Sateesh Kanchukatla.
Based on information submitted to the MLS GRID as of —. 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 provided exclusively for consumers' 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.
Data last updated 2026-09-16.