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JRJeff ReynoldsCompass · Seattle

Listed by James F. Smith, Berkshire Hathaway HS NW

2,350
Square feet
$213
Per sq ft
Multi Family
Type
1962
Year built
7,500 sq ft
Lot
0
Days on market

About this property

INVESTOR ALERT! Bring your hard hat and unlock the potential! Opportunity knocks in Federal Way with this income-producing duplex situated on a spacious, fully fenced lot with excellent access to freeways, shopping, and public transportation. Both units have a strong rental history and are always rented, making this an attractive opportunity for investors looking to add a cash-flowing property to their portfolio. The upper unit offers approximately 1,450 sq ft with 3 bedrooms and 1 bathroom, plus a dishwasher and cozy fireplace. It also features a 1-car garage and access to the property's RV parking. The lower unit provides approximately 950 sq ft with 2 bedrooms and 1 bathroom, along with a dishwasher and fireplace. A separate laundry room adds convenience for the property. With 5 bedrooms and 2 bathrooms combined, a generous lot, garage, RV parking, and convenient location, this duplex offers plenty of potential for an investor willing to bring vision and a little sweat equity. Value add opportunity, solid rental demand, and location make this one worth a look! Bring your hard hat and imagination, this could be the investment opportunity you've been waiting for!

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2582168
Listed
September 15, 2026
Days on market
0
Price per sq ft
$213

Unit & building

Stories in building
2
Units in building
2

Parking

Parking
RV Parking
Covered spaces
1
Total spaces
5

Views

View
Territorial

Construction

Year built
1962
Style
52 - Duplex
Structure
Duplex
Roof
Composition

Heating & cooling

Heating
BaseboardForced Air
Cooling
None
Energy source
ElectricNatural Gas

Flooring

Flooring
VinylCarpet

Lot

Lot features
CurbsHigh Voltage LinePaved
Lot size
7,500 sq ft

Terms

Terms offered
CashConventionalRehab Loan

Utilities

Water
Lakehaven Water
Sewer
Lakehaven Water
Power
PSA

Schools

District
Federal Way
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • RV Parking
  • Territorial
  • Duplex
  • Composition
  • Baseboard
  • Forced Air
  • None
  • Electric
  • Natural Gas
  • Vinyl
  • Carpet
  • Curbs

Listing history

  1. Listed

    $499,950

    September 15, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$2,911

Principal & interest
$2,528
Property tax (est.)
$383

Assumes $99,990 down (20%), a $399,960 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of September 15, 2026 at 5:00 PM PDT. 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.