Listed by Sateesh Kanchukatla, Kelly Right RE of Seattle LLC
- 2,383
- Square feet
- $275
- Per sq ft
- Multi Family
- Type
- 1955
- Year built
- 15,268 sq ft
- Lot
- 157
- 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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Get to know the Olympia South area
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Property details
Listing details
- Listing number
- #2548425
- Listed
- July 1, 2026
- Days on market
- 157 (includes a prior listing period)
- Price per sq ft
- $275
- Original list price
- $675,000
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
Listed
$675,000
July 1, 2026
Current price
$655,000
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
$3,814
- Principal & interest
- $3,312
- Property tax (est.)
- $502
Assumes $131,000 down (20%), a $524,000 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.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 9:15 AM 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.