1604 Fones Road SE Olympia, WA $ 325,000
1604 Fones Road SE
$ 325,000
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1604 Fones Road SE

Olympia, WA, 98501
$ 325,000
Bedrooms2 Baths1.0 Sq 1,056

Monthly Estimate*

$ 2,052

Listed by eXp Realty
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Single Family Home for sale in Olympia, WA

for $325,000 with 2 bedrooms and 1 full bath. This 1,056 square foot home was built in 1940 on a lot size of 0.4925.

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.

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Single Family Active

Price

$ 325,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 2,686

Style

1 Story

Lot Size

0.4925

Year Built

1940

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2553249

Features
General
Living Area 1056
Sewer Septic Tank
Heating Baseboard Forced Air
Cooling Forced Air
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1940
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
County Thurston
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Olympia
Full Baths 1
Special Listing Conditions None
Status Active
Directions GPS friendly.
High School North Thurston High
City Olympia
Entry Location Main
Senior Community Y/N N
High School District North Thurston
MLS Area 448 - Olympia South
Lot Size Units Square Feet
Lot Size Square Feet 21454
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Mountain View Elementary
Land Lease Y/N N
Tax Annual Amount 2686
Middle/Junior High School Chinook Mid
Public Remarks 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 s
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Property Style 10 - 1 Story
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Interior
Interior Amenities Dining Room Water Heater
Basement None
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
3/4 Baths 0
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 1
Water Heater Type Gas
Water Heater Location Utility Room
Power Production Type Electric Natural Gas
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 1
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1
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Exterior
Exterior Amenities Wood
Parking Features Driveway
Water Source Public
Total Parking 0
Foundation Details Pillar/Post/Pier
Building Area Total 1056
Lot Size Acres 0.4925
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2553249
Street Number 1 1604
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* Excluded Features
List By
Ken Crotts

Listing Agent

Exp Realty

Broker

Affordability Calculator

$2,276
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,052
Monthly Property Taxes
$224
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3100068 Elementary School
257219 Middle School
North Thurston High High School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$325,000 Listed Price

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1604 Fones Road SE, Olympia, WA, 98501 is a Single Family Home for sale at $325,000 with 1,056 sqft and a lot size of 0.4925. 1604 Fones Road SE has 2 bedrooms, 1.0 baths, and was built in 1940. The property's zip code is 98501 which is in Olympia, WA