PROPERTIES FOR SALE

1604 Fones Road SE Olympia, WA 98501

Prime location benefiting from major infrastructure enhancements currently underway!
Prime location benefiting from major infrastructure enhancements currently underway!
Rambler on a prime half-acre lot with endless potential.
Rambler on a prime half-acre lot with endless potential.
Prime investment opportunity in a high-density zoning area offering exceptional redevelopment and long-term investment potential
Prime investment opportunity in a high-density zoning area offering exceptional redevelopment and long-term investment potential
The home is currently undergoing a complete renovation with quality finishes throughout, providing an excellent opportunity for immediate occupancy or rental income upon completion.
The home is currently undergoing a complete renovation with quality finishes throughout, providing an excellent opportunity for immediate occupancy or rental income upon completion.
The open-concept floor plan is a standout feature, creating a bright, spacious living area that appeals to both homeowners and renters.
The open-concept floor plan is a standout feature, creating a bright, spacious living area that appeals to both homeowners and renters.
The beautifully renovated kitchen is enhanced with quartz countertops and brand-new cabinetry, blending style and functionality.
The beautifully renovated kitchen is enhanced with quartz countertops and brand-new cabinetry, blending style and functionality.
Additional view of the kitchen, showcasing the quality finishes and thoughtful design.
Additional view of the kitchen, showcasing the quality finishes and thoughtful design.
Full renovation underway in the main bathroom, creating a refreshed space with new finishes and improvements.
Full renovation underway in the main bathroom, creating a refreshed space with new finishes and improvements.
The main bath features a newly installed tub/shower, adding a fresh and updated feel to the space.
The main bath features a newly installed tub/shower, adding a fresh and updated feel to the space.
Newly installed LVP flooring enhances Bedroom #1 with durability and contemporary style.
Newly installed LVP flooring enhances Bedroom #1 with durability and contemporary style.
Bedroom #2 is refreshed with brand-new LVP flooring for a stylish and low-maintenance finish.
Bedroom #2 is refreshed with brand-new LVP flooring for a stylish and low-maintenance finish.
Another perspective of Bedroom #2, offering a closer look at the updated space.
Another perspective of Bedroom #2, offering a closer look at the updated space.
Convenient utility room located just off the kitchen.
Convenient utility room located just off the kitchen.
Side elevation of the home with convenient access to the outbuilding on the left.
Side elevation of the home with convenient access to the outbuilding on the left.
Front elevation of the home, offering a detailed look at its exterior features.
Front elevation of the home, offering a detailed look at its exterior features.
This generous half-acre lot provides ample parking and space for a variety of needs.
This generous half-acre lot provides ample parking and space for a variety of needs.
View from the back of the property.
View from the back of the property.
Detached outbuilding situated in the rear of the property, providing added functionality and storage space.  Rear outbui
Detached outbuilding situated in the rear of the property, providing added functionality and storage space. Rear outbui
Fones Road SE is undergoing current infrastructure enhancements.
Fones Road SE is undergoing current infrastructure enhancements.
Completion of the planned infrastructure improvements will further enhance the property's potential and surrounding appeal.
Completion of the planned infrastructure improvements will further enhance the property's potential and surrounding appeal.
NWMLS Courtesy of eXp Realty
1604 Fones Road SE
Olympia, WA 98501
$325,000
Residential
2 Beds
1.00 Baths
1056 SqFt
Active
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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.

Property Features

Community: Olympia
1 Story
Exterior: Wood
Roof: Composition
Parking: Driveway
Year Built: 1940
2026 Taxes: $2686.00
Buyer Broker Comp.: 2.5%
Listing #: 2553249

Lot Details

Lot Size: 0.49 acres

Interior

Dining Room
Water Heater
Cooling: Forced Air
Heating: Forced Air, Baseboard
Electric
Natural Gas

Schools

District: North Thurston
Elem: Mountain View Elementary
Middle: Chinook Mid
High: North Thurston High
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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