$699,001
Est. $3,542/mo1438 Fones Rd Se #a&b, Olympia, WA 98501
• Listed 2026-05-07•16 days on market
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Based on information submitted to the MLS GRID as of May 28, 2026 at 08:15am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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!
Listed by Sateesh Kanchukatla • Kelly Right RE of Seattle LLC
Listing updated: May 28, 2026 at 08:15am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2513731
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1438 Fones Rd Se #a&b, Olympia, WA 98501
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$885,000 Sold
2 months ago
•Single Family
3700 Pacific Avenue Se, Olympia, WA 98501
11%
Under list
—
Days on market
0.5 mi
Distance
$799,999 Sold
2 months ago
3 bd•3 ba•~3,080 sq ft•Single Family
3014 21st Avenue Se, Olympia, WA 98501
0%
Over list
—
Days on market
0.5 mi
Distance
$340,000 Sold
3 months ago
3 bd•1 ba•~1,232 sq ft•Single Family
3526 17th Way Se, Olympia, WA 98501
1%
Under list
—
Days on market
0.1 mi
Distance
$520,000 Sold
5 months ago
4 bd•2.5 ba•~1,981 sq ft•Single Family
2528 10th Court Se, Olympia, WA 98501
1%
Under list
—
Days on market
0.8 mi
Distance
$380,000 Sold
5 months ago
2 bd•1 ba•~1,020 sq ft•Single Family
1910 Van Epps Street Se, Olympia, WA 98501
5%
Under list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
North Thurston School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
