1512-1514 Fones Rd SE

2
Baths
1,406 Sq. Ft.
$356 / Sq. Ft.
1,406
Sq. Ft.
$356
per Sq. Ft.

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...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
  1. Listed by Josh J. Carlson • Better Properties N. Proctor
    P: (253)-761-8888 jcarlson@betterproperties.com

Property Details for 1512-1514 Fones Road Southeast

Community Name
Olympia
School District
North Thurston
Number of Assigned Spaces
4
Total Covered Parking
2
Entry Date
02-14-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 05/30/2026 09:28 AM

Property Details for 1512-1514 Fones Road Southeast

StatusActive
MLS #2480270
Days on Market105
Cumulative Days on Market105
Taxes$4,622 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.20 AC / 8,772 SF
CountyThurston County

Location

Listing Courtesy of Better Properties N. Proctor
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Building Information for 1512-1514 Fones Road Southeast

Stories1Residences2Year Built1963Building Size-Lot Size0.20 AC / 8,772 SF

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Property Information for 1512-1514 Fones Road Southeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • 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: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking: No
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
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Amenities: Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2500
  • Power Company: PSE
  • Sewer Company: City of Olympia
  • Water Company: City of Olympia
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Construction Methods: Standard Frame
  • Possible Use: Multi-Family
  • MLS Square Footage Source: County Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1989
  • Photos Count: 15
Lot Information
  • Lot Details: Dead End Street, Paved
  • Lot Size Source: County Records
  • Parcel Number Free Text: 11819140305
  • Building Condition: Average
  • Calculated Square Footage: 1406
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1406.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 2
  • Number of Stories in Building: 1
  • Vacancy Rate: 3
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 8322
  • Gross Adjusted Income: 35502
  • Gross Rent Multiplier: 14.07
  • Gross Scheduled Income: $36,600
  • Insurance Expense: $1,200
  • Net Operating Income: $27,180
  • Other Expenses: $0
  • Total Monthly Income: 3050
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1512
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 572
  • Rent Unit 1: $1,450.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 1514
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 834
  • Rent Unit 2: $1,600.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1406.0

Property History for 1512-1514 Fones Road Southeast

DateEvent & SourcePriceAppreciation
May 30, 2026

Price Change

NWMLS #2480270

$499,950
Feb 14, 2026

Listed (Active)

NWMLS #2480270

$515,000
DateEvent & SourcePrice
05/30/2026

Price Change

NWMLS #2480270

$499,950
02/14/2026

Listed (Active)

NWMLS #2480270

$515,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1512-1514 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 - 6 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

Salish Middle School
Public6 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.

Similar Homes

1512-1514 Fones Road Southeast is a multi-family home for sale in Olympia, WA 98501. This property was listed for sale on February 14, 2026 by Better Properties N. Proctor, it's currently listed at $499,950. This listing's school district is North Thurston Public Schools. Nearby schools include Pleasant Glade Elementary School, Chinook Middle School and North Thurston High School. 1512-1514 Fones Road Southeast is a 3-bed, 2-bath, 1,406 sqft multi-family home built in 1963.

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Listing Courtesy of Better Properties N. Proctor

Based on information submitted to the MLS GRID as of 05/30/2026 09:28 AM. 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. IDX information 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.