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About the Listing 2821 - 152544
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!
Listing Highlights
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
2513731
Year Built
1955
Total Square Footage
2,383
Lot/Acreage
0.35
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Of Olympia
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: 2 car
- Parking Spaces: 4
- Roof: Composition
- Others: Brick,Wood,Wood Products
- Sewer: City of Olympia
Financial Details
- Tax Amount: $6,996
- Taxes w/Assessments: N/A
- Tax/Property ID: 11819140300
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
1438 Fones Rd Se A&b Olympia, WA 98501
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