New - 3 days on Rocket
$10,000 Closing Credit¹
#2339340, Lisa Le, Listing Office: COMPASS
#2314484·
Listing Office: Better Properties N. Proctor·
Listing Agent: Josh J. Carlson·
Listing Office Phone: 253-761-8888
$2,750,000 List price
1512 Fones Rd SE Olympia, WA 98501
8,169 sqft
1.3 acres
$337 / sqft
House
Property details
About 1512 Fones Rd SE
Great investment property! Own a whole neighborhood. On a private cul-de-sac with 3 duplexes and 3 homes each on individual parcels. 9 total units on 6 parcels. Each property is connected to sewer and public utilities. Just add individual water meters to each and you can sell them separate. 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.
Highlights
HeatingBaseboard, Forced Air
StatusActive
Size8,169 sqft
Lot size1.3419 Acres
Year built1963
MLS #2314484
Summary
- MLS Number: 2314484
- MLS Name: NWMLS
- Office Name: Better Properties N. Proctor
- Office Phone: (253) 761-8888
- Listing Agent: Josh J. Carlson
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site 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. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 2:17:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,750,000
1512 Fones Rd SE
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 29, 2020 | Home Sold | $1,455,000 |
| Dec 19, 2018 | Home Sold | $1,200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $388,600 | $3,790 |
| 2022 | $355,600 | $3,505 |
| 2021 | $276,600 | $3,339 |
| 2020 | $252,900 | $3,265 |
| 2019 | $254,500 | $2,470 |
| 2018 | $215,500 | $2,766 |
| 2017 | $199,100 | $2,007 |
History based on county public records data.
Nearby schools
7
McKenny Elementary School
Public District PK-5
1.2 mi
•3250 Morse Merryman Rd SE
5
Mountain View Elementary School
Public District PK-5
1.2 mi
•1900 College St SE
6
Pioneer Elementary School
Public District PK-5
1.9 mi
•1655 Carlyon Ave SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,354. Residents of Olympia, WA typically earn less than $<35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
52%
<35k
46%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
10%
Single, with Kids
19%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
4%
12-17 yrs old
27%
18-34 yrs old
23%
35-64 yrs old
34%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Pro Boxing
NBA/WNBA
Where do the neighbors shop?
Chico's
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Cracker Barrel
Popeyes
Starbucks
What do the neighbors drive?
Buick
Dodge
Pontiac
What do the neighbors listen to?
Soft Adult Contemporary
Urban Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Olympia, WA
About 1512 Fones Rd SE
This home is located at 1512 Fones Rd SE in Olympia, WA and zip code 98501. This 8,169 square foot home, which was built in 1963, sits on a 1.34 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since December 4, 2024 and is currently priced at $2,750,000.
Olympia, WA housing market in February 2025 saw over 30 listings sold above listed price, more than 40 sold at listed price and over 37 sold below. In February 2025 in Olympia, WA there were 1.7% less homes for sale than in January. In February 2025 median list price was $553,727 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.