The Story

1604 Fones Road Southeast

Olympia, WA 98501 · Home

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.


Facts & Features

Property Info

Price
$325,000
Completion Year
1,940
Living Space
1,056 sq ft
Bedrooms
2
Bathrooms
1

Features & Amenities

Heating

Electric, Natural Gas, Baseboard, Forced Air

Appliances

Dishwasher, Microwave, Refrigerator, Gas Water Heater, Water Heater

Roof

Composition

Lot Information

Level

Water Source

Public

Sewer

Septic Tank

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Listing Broker

eXp Realty

Broker Name

eXp Realty

Agent

Ken Crotts

Location

Seattle WA 98107