1512 1514 Fones Road SE, Olympia, WA 98501
- $449,900
- 1,406
- SqFt
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**
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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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.