1604 Fones Road SE, Olympia, WA 98501
Courtesy of eXp Realty
- $325,000
- 2
- BD
- 1
- BA
- 1,056
- SqFt
- List Price
- $325,000
- Status
- ACTIVE
- Days on Market
- 22
- MLS#
- 2553249
- Subtype
- Residential
- Style
- 10 - 1 Story
- Year Built
- 1940
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 1,056
- Lot Size
- 21,454
- Acres
- 0.49
- Subdivision
- Olympia
- Neighborhood
- Olympia
- MLS Area Major
- Olympia South
Property Description
DEVELOPMENT & INVESTMENT OPPORTUNITY! Unlock the potential of this strategically positioned property in a rapidly evolving corridor with strong future multifamily development potential. Situated on a valuable parcel, the property offers investors the opportunity to acquire and hold today while creating additional value through future redevelopment. The existing 2-bedroom, 1-bath home provides flexibility for interim rental income or personal use while exploring development plans, entitlements, or redevelopment opportunities. This unique combination of current income potential and long-term land value makes the property an attractive option for investors seeking multiple exit strategies. Ideal for investors, builders, and developers looking to capitalize on an area experiencing ongoing infrastructure improvements and growth. Generate potential income today, hold for appreciation, and position yourself for future multifamily development. A compelling opportunity to invest in the property’s current value while planning for its greater future potential.
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Additional Information
- Interior Features
- Dining Room, Water Heater
- Exterior Features
- Wood
- Property Description
- 10 - 1 Story
- Heating
- Baseboard, Forced Air
- Air Conditioning
- Forced Air
- Levels
- One
- Roof
- Composition
- Parking Features
- Driveway
- School District
- North Thurston
- Elementary School
- Mountain View Elementary
- Middle School
- Chinook Mid
- High School
- North Thurston High
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.