Large Duplex with good rental income. Excellent location! Units are in great shape. With interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity. Owner occupied option may be available on Unit A. **Neighboring duplexes are also for sale**
Sold
Listed by:
Josh J. Carlson,
Better Properties N. Proctor
Bought with: Kelly Right RE of Seattle LLC
$600,000
1438 Fones Road SE #A&B, Olympia, WA 98501
--beds
--baths
2,383sqft
Duplex
Built in 1955
-- sqft lot
$598,100 Zestimate®
$252/sqft
$2,072 Estimated rent
Home value
$598,100
$556,000 - $646,000
$2,072/mo
Zestimate® history
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$3,550/mo
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Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 04:04am
Listed by:
Josh J. Carlson,
Better Properties N. Proctor
Bought with:
Satish Kanchukatla, 24035454
Kelly Right RE of Seattle LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2321579
Facts & features
Interior
Heating
- Baseboard, Wall Unit(s), Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 2,383
- Total interior livable area: 2,383 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Covered spaces: 2
- Uncovered spaces: 2
Lot
- Size: 0.35 Acres
- Features: Dead End Street, Paved, Fenced-Partially, Patio
Details
- Parcel number: 11819140300
- Zoning description: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1955
- Major remodel year: 1987
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Olympia
- Water: Public, Company: City of Olympia
Green energy
- Energy efficient items: Thermal Windows
Community & neighborhood
Location
- Region: Olympia
- Subdivision: Olympia
Other
Other facts
- Listing terms: Cash Out,Conventional,FHA,VA Loan
- Cumulative days on market: 115 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $600,000-7.7%$252/sqft |
Source:  NWMLS as distributed by MLS GRID #2321579 Report a problem | ||
| 5/6/2025 | Pending sale | $649,900$273/sqft |
Source: NWMLS as distributed by MLS GRID #2321579 Report a problem | ||
| 1/11/2025 | Listed for sale | $649,900+52.9%$273/sqft |
Source: NWMLS as distributed by MLS GRID #2321579 Report a problem | ||
| 7/10/2020 | Listing removed | $1,395$1/sqft |
Source: Marcoe Management, LLC Report a problem | ||
| 6/14/2020 | Listed for rent | $1,395$1/sqft |
Source: Marcoe Management, LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,592 +17.9% | $622,300 +8.5% |
| 2023 | $5,593 +3.1% | $573,800 +4.2% |
| 2022 | $5,422 -5.6% | $550,500 +15.6% |
Find assessor info on the county website
Neighborhood: 98501
Nearby schools
GreatSchools rating
- 5/10Mountain View Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 1.6 mi
- 6/10North Thurston High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Pleasant Glade Elem
- Middle: Chinook Mid
- High: North Thurston High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$598,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$598,100
- Washington
- Thurston County
- Olympia
- 98501
- 1438 Fones Road SE Unit A&B