Property Details
1508 1510 Fones Road SE
Olympia, WA 98501
$425,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 19
Property Overview
Side-by-side duplex on a quiet dead-end road. Each unit features 1 bedroom and 1 bathroom, with a simple, functional layout. Both units offer a dedicated carport plus additional parking. Enjoy a convenient location close to shopping, town center, and everyday amenities, with easy access to bus lines and nearby freeways for commuters. **The 1-bedroom unit is currently vacant and available to show, providing an excellent opportunity for an owner-occupant ** Duplex next door is also for sale.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Olympia
Listed
Aug 8, 2026
Structure Type
Duplex
Parcel Number
11819140306
Tax & HOA
Annual Property Tax
$4,600 (2026)
Est. Monthly Tax
$383/mo
Financial Summary
Cap Rate
6.00%
Net Operating Income
$25,200
Gross Scheduled Income
$36,000
Gross Rent Multiplier
11.80
Total Expenses
$9,000
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
1,150
Leasable Area
1,150 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,607 sqft
Year Built
1962
Exterior & Lot
Lot Size
0.20 sqft
Year Built
1962
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
Pacific Ave head (North) to Fones Road head (East) on the left side of Fones Rd.
Location
City
Olympia
County
Thurston
Coordinates
47.03442, -122.84661
Additional Information
Tax Year
2026
Annual Taxes
$4,600
Possession
Array
Based on information submitted to the MLS GRID as of August 8, 2026 7:15 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
