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JRJeff ReynoldsCompass · Seattle

Listed by Sateesh Kanchukatla, Kelly Right RE of Seattle LLC

2,383
Square feet
$283
Per sq ft
Multi Family
Type
1955
Year built
15,268 sq ft
Lot
67
Days on market

About this property

PRICE IMPROVEMENT!! 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!

Location & commute

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Directions

Property details

Listing details

Listing number
#2548425
Listed
July 1, 2026
Days on market
67 (includes a prior listing period)
Price per sq ft
$283

Unit & building

Unit
A&B
Stories in building
1
Units in building
2

Parking

Covered spaces
2
Total spaces
4

Construction

Year built
1955
Style
52 - Duplex
Structure
Duplex
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
LaminateCarpet

Lot

Lot features
Corner Lot
Lot size
15,268 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Water
City Of Olympia
Sewer
City of Olympia
Power
PSE

Schools

District
North Thurston
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Duplex
  • Composition
  • Baseboard
  • None
  • Electric
  • Laminate
  • Carpet
  • Corner Lot
  • Cash
  • Conventional
  • FHA
  • VA Loan

Listing history

  1. Listed

    $675,000

    July 1, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$3,931

Principal & interest
$3,413
Property tax (est.)
$518

Assumes $135,000 down (20%), a $540,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. 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.