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.
| MLS # | 2553249 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1940 |
| Days On Site | 42 |
| Listing Provided By | eXp Realty | Ken Crotts |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,056 |
| Story(s) | 1 |
| Zoning | RW-24 |
| Acreage | 0.49 |
| Property | 2686 |
|---|
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98501 |
| Area | 448 Olympia South |
| Community Name | Olympia |
| School District | North Thurston High |
| Elementary School | Mountain View Elementary |
| High School | North Thurston High |
| Listing VS Median (in Olympia) | |
Price: $325,000 low | high Med: $574,950 sqft: 1,056 low | high Med: 2,280 $ / sqft: $308 low | high Med: $252 On site: 42 low | high Med: 41.5 | |
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98501 |
| Area | 448 Olympia South |
| Community Name | Olympia |
| School District | North Thurston High |
| Elementary School | Mountain View Elementary |
| High School | North Thurston High |
| Listing VS Median (in Olympia) | |
Price: $325,000 low | high Med: $574,950 sqft: 1,056 low | high Med: 2,280 $ / sqft: $308 low | high Med: $252 On site: 42 low | high Med: 41.5 | |