$325,000
1604 Fones Road SE, Olympia, WA 98501
2 Beds
1 Baths
1,056 Sq Ft
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MLS #2553249 / Listing provided by NWMLS & eXp Realty.

$325,000

1604 Fones Road SE
Olympia, WA 98501

Active 1 day ago
2
Beds
1
Baths
1,056
Sq Ft
$308
Per Sq Ft
1940
Year Built

Exceptional Investment & Development Opportunity! Situated on a prime shy half-acre parcel in a high-density zoning area, this property offers outstanding potential for investors, developers, or those seeking long-term appreciation. Ideally located along Fones Road, the property is positioned to benefit from significant infrastructure improvements currently underway, including newly constructed streets and upgraded utilities, further enhancing its future value and development potential. The existing 2-bedroom, 1-bath home is undergoing a complete renovation with quality finishes throughout, creating an attractive, move-in-ready residence or income-producing rental. Renovations include an open-concept floor plan, stylish high-end finishes, and durable luxury vinyl plank flooring throughout. Whether you're looking to generate immediate rental income while planning future development or secure a property in a rapidly improving corridor, this is a rare opportunity to capitalize on both current cash flow and future multifamily development potential.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Lower Level Bedrooms: 0
  • Upper Level Bedrooms: 0

Bathrooms

  • Total Bathrooms: 1
  • Half Bathrooms: 0
  • Three-quarter Bathrooms: 0
  • Full Bathrooms: 1
  • Full Bathrooms in Garage: 0
  • Half Bathrooms in Garage: 0
  • Three-quarter Bathrooms in Garage: 0

Fireplaces

  • Total Fireplaces: 0

Water Heater

  • Water Heater Location: Utility Room
  • Water Heater Type: Gas

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Garage Attached: No
  • Parking Features: Driveway
  • Parking Total: 0

Structure

  • Roof: Composition
  • Exterior Features: Wood
  • Foundation: Pillar/Post/Pier

Lot Details

  • Acres: 0.4925
  • Foundation: Pillar/Post/Pier
Area Features

Schools

  • High School District: North Thurston
  • High School: North Thurston High
  • Middle School: Chinook Mid
  • Elementary School: Mountain View Elementary

Lot Details

  • Acres: 0.4925
  • Foundation: Pillar/Post/Pier
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: PSE

Water, Sewer, and Garbage

  • Sewer Company: Septic
  • Sewer: Septic Tank
  • Water Company: City of Olympia
  • Water Source: Public
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