1512 1514 Fones Road SE Olympia, WA $ 515,000
1512 1514 Fones Road SE
$ 515,000
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1512 1514 Fones Road SE

Olympia, WA, 98501
$ 515,000
Baths0.0 Sq 1,406

Monthly Estimate*

$ 3,171

Listed by Better Properties N. Proctor
1512 1514 Fones Road SE, Olympia, WA 98501 - Image 1
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1512 1514 Fones Road SE, Olympia, WA 98501 - Image 15
Studio

Multi-Family Home for sale in Olympia, WA

for $515,000. This 1,406 square foot home was built in 1963 on a lot size of 0.2014.

Opportunity knocks with this side by side duplex located on a quiet dead end road. Each unit offers a simple, functional layout with 2 bedrooms, 1 bathroom on one side and 1 bedroom 1 bathroom on the other side. They each have dedicated carport plus additional parking. Excellent location—close to shopping, the town center, and everyday conveniences. Commuters will appreciate the easy access to the bus line and nearby freeways.

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Multi-Family Active

Price

$ 515,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,622

Style

Duplex

Lot Size

0.2014

Year Built

1963

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2480270

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1963
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 27180
Insurance Expense 1200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Olympia
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Pacific Ave head (North) to Fones Road head (East) on the left side of Fones Rd.
City Olympia
Senior Community Y/N N
High School District North Thurston
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 448 - Olympia South
Lot Size Units Square Feet
Lot Size Square Feet 8772
Carport Spaces 2
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 4622
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks Opportunity knocks with this side by side duplex located on a quiet dead end road. Each unit offers a simple functional layout with 2 bedrooms 1 bathroom on one side and 1 bedroom 1 bathroom on the o
Leasable Area 1406
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage
Water Company City of Olympia
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2500
Property Style 52 - Duplex
Cap Rate 5.3
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Dead End Street Paved
Water Source Public
Foundation Details Poured Concrete
Building Area Total 1406
Lot Size Acres 0.2014
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Parking Uncovered Total 2
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2480270
Street Number 1 1512
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* Excluded Features
List By
Josh J. Carlson

Listing Agent

Better Properties N. Proctor

Broker

Affordability Calculator

$3,556
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,171
Monthly Property Taxes
$385
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257450 Elementary School
258892 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/14/2026$515,000 Listed Price

Map


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1512 1514 Fones Road SE, Olympia, WA, 98501 is a Multi-Family Home for sale at $515,000 with 1,406 sqft and a lot size of 0.2014. 1512 1514 Fones Road SE is a studio with 0.0 baths and was built in 1963. The property's zip code is 98501 which is in Olympia, WA