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Listing Firm: Better Properties N. Proctor: Josh J. Carlson

Active
NWMLS # 2314484
  • - Beds
  • - Baths
  • 8169 Sq.ft.

1512 Fones Road SE, Olympia, WA 98501

Listings with the three tree icon are courtesy of NWMLS

About This Property

Great investment property! Own a whole neighborhood. On a private cul-de-sac with 3 duplexes and 3 homes each on individual parcels. 9 total units on 6 parcels. Each property is connected to sewer and public utilities. Just add individual water meters to each and you can sell them separate. Units are in great shape. Multiple new kitchens and 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. Many possibilities with property; hold and cash flow or sell each off individually. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity.

Aris360 Last Checked: 7 Minutes Ago (Jun 04, 2025 05:48 PM)

  • Source: NWMLS as Distributed by MLS Grid #2314484

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Fones
  • Zip/Postal Code: 98501
  • City: Olympia

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$3,847 per month
Principal & Interest
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Property Taxes

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Loan Detail

Interest Rate

According to icanbuy, the average interest rate for a 30-year fixed loan in 98102 is 7.009%. Compare current rates

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Property Features

  • County
    • Olympia
  • Community
    • 448 - Olympia South
  • MLS Area
    • 448 - Olympia South
  • Longitude
    • -122.846204
  • Latitude
    • 47.034409
  • Directions
    • Pacific Ave head (North) to Fones Road head (East) on the left side of Fones Rd.

  • Interior
    • Ceramic Tile
    • Laminate Hardwood
    • Wall to Wall Carpet
  • Floors
    • Ceramic Tile
    • Laminate
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 1
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 20
  • Lot Description
    • Dead End Street,
    • Paved,
  • Foundation
    • Block,
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • Wood
    • Wood Products
  • Site Description
    • Fenced-Partially,Outbuildings,Patio
  • Roof
    • Composition,
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres
    • 1

  • Covered Spaces
    • 2
  • Condition
    • Good,
  • Water
    • City of Olympia
  • Building Total Area (Sq. Ft.)
    • 58455
  • Energy Features
    • Thermal Windows,

  • High School District
    • North Thurston

  • Possession
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $19644
  • Year Built
    • 1963
  • Effective Year Built
    • 1989
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Wed Jun 04 2025 . 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.

Jun 04, 2025 05:48 PM