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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Active

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

DEVELOPMENT & INVESTMENT OPPORTUNITY! Unlock the potential of this strategically positioned property in a rapidly evolving corridor with strong future multifamily development potential. Situated on a valuable parcel, the property offers investors the opportunity to acquire and hold today while creating additional value through future redevelopment. The existing 2-bedroom, 1-bath home provides flexibility for interim rental income or personal use while exploring development plans, entitlements, or redevelopment opportunities. This unique combination of current income potential and long-term land value makes the property an attractive option for investors seeking multiple exit strategies. Ideal for investors, builders, and developers looking to capitalize on an area experiencing ongoing infrastructure improvements and growth. Generate potential income today, hold for appreciation, and position yourself for future multifamily development. A compelling opportunity to invest in the property's current value while planning for its greater future 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

Appliance Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s)

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