1510 Fones Road Southeast
Olympia, WA 98501
$1,650,000
Price
11
Beds
6.5
Baths
4,933 Sq. Ft.
$334 / Sq. Ft.
4,933
Sq. Ft.
$334
per Sq. Ft.
Listing provided courtesy of Better Properties N. Proctor
Description
Great investment property! 3 duplexes on a private cul-de-sac each on individual parcels. 6 total units on 3 parcels. Each property is connected to sewer and public utilities. Separate water meters for each unit will be scheduled to be installed. Units are in great shape. Multiple new kitchens and interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Many possibilities with property;...Great investment property! 3 duplexes on a private cul-de-sac each on individual parcels. 6 total units on 3 parcels. Each property is connected to sewer and public utilities. Separate water meters for each unit will be scheduled to be installed. Units are in great shape. Multiple new kitchens and interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Many possibilities with property; hold and cash flow or sell each off individually. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity.
- Listed by Josh J. Carlson • Better Properties N. Proctor
Property Details for 1510 Fones Road Southeast
Community Name
Olympia
School DistrictNorth Thurston
Number of Assigned Spaces12
Total Covered Parking2
Entry Date12-27-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 12/27/2024 08:01 AM
Property Details for 1510 Fones Road Southeast
| Status | Active |
|---|---|
| MLS # | 2318246 |
| Days on Market | 7 |
| Cumulative Days on Market | 7 |
| Taxes | $12,819 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1962 |
| Lot Size | 0.75 AC / 32,646 SF |
| County | Thurston County |
Building Information for 1510 Fones Road Southeast
Stories1Residences6Year Built1962Building Size-Lot Size0.75 AC / 32,646 SF
Property Information for 1510 Fones Road Southeast
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Fenced-Partially, Outbuildings, Patio
- Area: 448 - Olympia South
- Effective Year Built Source: Public Records
- Directions: Pacific Ave head (North) to Fones Road head (East) on the left side of Fones Rd.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 4.0
- Carport: No
- Open Parking Spaces: 6.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Ceramic Tile, Laminate, Vinyl, Carpet
- Features: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
- Amenities: Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Brick, Wood, Wood Products
- Roof: Composition, Torch Down
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 8932
- Power Company: PSE
- Sewer Company: City of Olympia
- Water Company: City of Olympia
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Block, Poured Concrete, Slab
- Zoning Class: Multi-Family,Residential
- Construction Methods: Standard Frame
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- MLS Square Footage Source: County
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1989
- Photos Count: 14
Lot Information
- Lot Details: Dead End Street, Paved
- Lot Size Source: County
- Parcel Number Free Text: 11819140306
- Building Condition: Good
- Calculated Square Footage: 4933
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4933.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 6
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 30139
- Gross Adjusted Income: 127280
- Gross Rent Multiplier: 13
- Gross Scheduled Income: $127,280
- Insurance Expense: $7,200
- Net Operating Income: $97,141
- Other Expenses: $1,188
- Total Monthly Income: 10520
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1438A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 780
- Rent Unit 1: $2,000.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 1438B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 1603
- Rent Unit 2: $2,270.00
- Bedrooms Unit 2: 3
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 1508
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 575
- Rent Unit 3: $1,600.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 1510
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 575
- Rent Unit 4: $1,600.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 1512
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 700
- Rent Unit 5: $1,450.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 1514
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Square Feet Unit 6: 700
- Rent Unit 6: $1,600.00
- Bedrooms Unit 6: 2
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4933.0
- Leasable Area Units: Square Feet
Property History for 1510 Fones Road Southeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1510 Fones Road Southeast
This home is within North Thurston Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Pleasant Glade Elementary School PublicPK to 5 | ||
Chinook Middle School Public6 to 8 | ||
North Thurston High School Public9 to 12 | ||
Ignite Family Academy PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Better Properties N. Proctor
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
