1512 1514 Fones Road SE, Olympia, WA 98501

$449,900
1,406
SqFt

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Listing courtesy of Better Properties N. Proctor.

List Price
$449,900
Status
ACTIVE
MLS#
2480270
Price Change
▼ $25,100 1784157677
Days on Market
162
Style
52 - Duplex
Building Condition
Average
Finished SqFt
1,406
Area Total SqFt
1406
Annual Tax Ammount
4622
Lot Size (sq ft)
8,772
Sewer
Sewer Connected

Property Description

Opportunity knocks with this side by side duplex located on a quiet dead end road. Each unit offers a simple, functional layout with 2 bedrooms, 1 bathroom on one side and 1 bedroom 1 bathroom on the other side. They each have dedicated carport plus additional parking. Excellent location—close to shopping, the town center, and everyday conveniences. Commuters will appreciate the easy access to the bus line and nearby freeways. **The one bedroom unit is vacant and available for showing, or owner occupancy options**

Additional Information

List Date
2026-02-14 18:28:11
Community
Olympia
Net Operating Income
$27,180
Gross Adjusted Income
$35,502
Gross Scheduled Income
$36,600
Total Monthly Income
$3,050
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$2,500
Gross Rent Multiplier
14.07
Total Expenses
$8,322
Cap Rate
5.3
Vacancy Rate
3
Total Number of Units
2
Unit Name
1512 1514
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1963
Roof
Composition
Energy Source
Electric
School District
North Thurston
Total Monthly Income
$3,050
Gross Scheduled Income
$36,600
Vacancy Rate
3
Gross Adjusted Income
$35,502
Tax Year
2025
Insurance Expense
$1,200
W/S/G Expenses
$2,500
Total Expenses
$8,322
Net Operating Income
$27,180
Gross Rent Multiplier
14.07
Cap Rate
5.3
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.
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