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$675,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Car Garage
  • Updated 5 days ago

Listed by Sateesh Kanchukatla | Kelly Right RE of Seattle LLC | (206) 525-5235

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PRICE IMPROVEMENT!! 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!

Full Property Details for 1438 SE Fones Rd #A&B

General

  • Price: $675,000
  • Taxes: $6,996 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2548425
  • Updated: 7/1/2026
  • Added to Site: 6 day(s) ago

Interior

  • Flooring: Laminate, Carpet

Parking

  • Garage Spaces: 2
  • Covered Spaces: 2
  • Uncovered Spaces: 2

Location

  • Area: 448 - Olympia South
  • County: Thurston
  • Subdivision: Olympia
  • Driving Directions: Take exit 107 from I-5 and Turn onto Pacific Ave SE and Turn right onto Fones Rd SE

School Information

  • High School District: North Thurston
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Brick, Wood, Wood Products
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 2,383
  • Year Built: 1955

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.3505
  • Lot Size (Sq. Ft.): 15,268
  • Lot Size Source: County
  • Lot Features: Corner Lot

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $6,996
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 11819140300

Listed by Sateesh Kanchukatla | Kelly Right RE of Seattle LLC | (206) 525-5235

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Schools serving 1438 SE Fones Rd #A&B

School District:North Thurston Public Schools
NameGradesDistance
Mountain View Elementary School, Lacey, WA
1900 College Street Southeast, Lacey, WA 98503
PK-51.2 mi
Chinook Middle School, Lacey, WA
4301 6th Ave NE, Lacey, WA 98516
6-81.6 mi
North Thurston High School
600 Sleater Kinney Rd NE, Lacey, WA 98506
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1438 SE Fones Rd #A&B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2026
Listed
$675,000
12.5%
MLS
6/03/2025
Sold
$600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1438 SE Fones Rd #A&B

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,593
-15%
$667,800
7%
2025
$6,592
18%
$622,300
8%
2024
$5,593
4%
$573,800
20%
2021
$5,372
-1%
$476,200
-13%
2023
$5,422
1%
$550,500
32%
2021
$5,372
6%
$416,500
4%
2020
$5,049
31%
$401,800
19%
2019
$3,861
-5%
$337,200
15%
2018
$4,062
21%
$292,500
11%
2017
$3,368
22%
$262,500
18%
2016
$2,756
13%
$222,850
16%
2015
$2,440
7%
$192,150
5%
2014
$2,285
—
$183,750
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Sateesh Kanchukatla | Kelly Right RE of Seattle LLC | (206) 525-5235

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1438 SE Fones Rd #A&B, Olympia, WA 98501 (MLS# 2548425) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 1438 SE Fones Rd #A&B is currently listed for $675,000 and was received on July 01, 2026. Want to learn more about 1438 SE Fones Rd #A&B? Do you have questions about finding other Multi-Family real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.

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