1604 Fones RD SE, Olympia, WA 98501
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1604 Fones RD SE, Olympia, WA 98501
1604 Fones RD SE, Olympia, WA 98501
1604 Fones RD SE, Olympia, WA 98501
1604 Fones RD SE, Olympia, WA 98501
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Reilly Forrest

Reilly Forrest

+1(425) 315-6898
Listed by:eXp Realty • Ken Crotts
$ 325,000
Est. payment /mo
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1604 Fones RD SE Olympia, WA 98501

2 Beds

1 Bath

1,056 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,056 sqft

Price per Sqft $307

Subdivision Olympia

MLS Listing ID 2553249

Style 10 - 1 Story

Bedrooms 2

Full Baths 1

Year Built 1940

Annual Tax Amount $2,686

Lot Size 0.493 Acres

Property Sub-Type Single Family Residence

Property Description

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.

Location

State WA

County Thurston

Area 448 - Olympia South

Rooms

Basement None

Main Level Bedrooms 2

Interior

Interior Features Dining Room, Water Heater

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Building

Story One

Sewer Septic Tank

Water Public

New Construction No

Schools

Elementary Schools Mountain View Elementary

Middle Schools Chinook Mid

High Schools North Thurston High

School District North Thurston

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Reilly Forrest

Reilly Forrest

Agent | License ID: 127143

+1(425) 315-6898

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1604 Fones RD SE