1604 Fones Rd SE, Olympia, WA
Exceptional Investment & Development
Opportunity! Situated on a prime shy half-acre parcel in a high-density zoning
area, this property offers outstanding potential for investors, developers, or
those seeking long-term appreciation. Ideally located along Fones Road, the
property is positioned to benefit from significant infrastructure improvements
currently underway, including newly constructed streets and upgraded utilities,
further enhancing its future value and development potential.
The existing 2-bedroom, 1-bath home is
undergoing a complete renovation with quality finishes throughout, creating an
attractive, move-in-ready residence or income-producing rental. Renovations
include an open-concept floor plan, stylish high-end finishes, and durable
luxury vinyl plank flooring throughout.
Whether you're looking to generate
immediate rental income while planning future development or secure a property
in a rapidly improving corridor, this is a rare opportunity to capitalize on
both current cash flow and future multifamily development potential.
Reviews
Currently listing a property in Kent that’s not connected to the sewer,simply leaking sewage into the yard for years.
Based on the current market I have a hard time believing that 10k reduction in...
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08/18/2026 - Jacob Ishii
Ken and his team were amazing. It took us some time to sell our house. Even though We moved to a new state, Ken and his team worked effortlessly to get our house sold. Definitely would recommend them...
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08/10/2026 - Ohtana Kaeo
Everyone was so helpful and professional. Ken stayed in touch with me for months before I decided who I would go with. That meant so much to me. Marie his wife what a great hep she was always there...
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06/01/2026 - Raymond Pate
I worked with Elisha and Marie for the most part. Great team overall. I can’t recommend them enough! Thank you Elisha, for going above and beyond to help make our dream become reality! 💜
02/05/2026 - Melissa Moore
Elisha is very helpful and professional
02/05/2026 - Darren Davenport
I was referred to this agency from a close friend. What I appreciate about Ken and his team is the professionalism, efficiency, and cultivating a relationship on honesty and trust. I was assigned...
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01/31/2026 - Alvaro Herrera
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