Off Market2393d on market
2516 S 286th Pl
Federal Way, WA, 98003 • 98003 • King County
$1,073,500
$268/sqft
12Beds
4,008Sqft
0.17 acLot
1969Built
Property DNA
Tile & Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
8 views
People checking out this listing
2393 days on market
Established listing
$268/sqft
Price per square foot
About this home
Multi Family · Built 1969
Incredible turn-key investment opportunity in Federal Way! This four-plex has been completely remodeled top to bottom. Enter the handsomely repainted building through a coded gated entry. Two units have entries on the ground floor, and two are up the stairs along with two locked storage units. All four units have updated heating, flooring, paint, kitchens, bathrooms, and appliances. Parking is no issue here with each apartment getting both a private garage and dedicated driveway parking spot. Each unit is a rare 3 bed/1.75 bath--hard to find such a big fourplex! Easy access to i-5, Military Rd, & 99 makes for the perfect commuter location for rentals. Pre-renovation rents were $1995/unit so look into the possibility of higher rates now!
Estimated monthly payment
Based on current rates
$6,642/month
Principal & Interest$5,211
Property Tax$1,074
Insurance$358
Down payment20% ($214,700)
3%50%
Est. 6.11% rate · 30yr fixed · $858,800 loan
Full calculator →At a glance
Key facts and listing details
TypeMultiFamily
Year Built1969
HeatingBaseboard
CoolingWall
ParkingNo Data
Property
Home typeMulti Family
Year built1969
Systems
HeatingBaseboard
CoolingWall
RoofComposition
ConstructionFrame
Water / SewerSewer Connected
Parking & Outdoor
Lot7,405 sqft
Location & Tax
Neighborhood98003
Annual tax$11,646
Parcel5529000090
Features & details
6 categories of property features
Interior Features
Appliances
Dishwasher
Refrigerator
Flooring
Tile
Carpet
Hardwood
Laminate
Linoleum / Vinyl
Heating
Baseboard
Cooling
Wall
Exterior Features
Exterior
Wood
Construction
Frame
Listing insights
Market data and value estimates
StatusOff Market
Days on market2393
Est. value$1,073,500
Est. rent$2,036/mo
Tax rate0.82%
Price/sqft$268
Last sold$710,000
Tour days6
Views8
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98003
Price history
10 events
DateEventPrice$/sqftSource
Feb 21, 2023Listing Removed——RE/MAX International
Jun 9, 2022Listed For Sale$1,499,950$374RE/MAX International
Sep 21, 2019Listing Removed$685,000$171Keller Williams Realty PS
Sep 21, 2019Listed For Sale$685,000$171Keller Williams Realty PS
Sep 18, 2019Sold$710,000$177NWMLS as distributed by MLS GRID
Aug 14, 2019Pending Sale$685,000$171Keller Williams Realty PS
Aug 11, 2019Listed For Sale$685,000$171Keller Williams Realty PS
Dec 5, 2005Sold$525,000$131NWMLS as distributed by MLS GRID
Oct 23, 2002Sold$355,000$89Public Record
Mar 11, 1998Sold$175,640$44Public Record
Listing Removed—
Feb 21, 2023•RE/MAX International
Listed For Sale$1,499,950
Jun 9, 2022•$374/sqft•RE/MAX International
Listing Removed$685,000
Sep 21, 2019•$171/sqft•Keller Williams Realty PS
Listed For Sale$685,000
Sep 21, 2019•$171/sqft•Keller Williams Realty PS
Sold$710,000
Sep 18, 2019•$177/sqft•NWMLS as distributed by MLS GRID
Pending Sale$685,000
Aug 14, 2019•$171/sqft•Keller Williams Realty PS
Listed For Sale$685,000
Aug 11, 2019•$171/sqft•Keller Williams Realty PS
Sold$525,000
Dec 5, 2005•$131/sqft•NWMLS as distributed by MLS GRID
Sold$355,000
Oct 23, 2002•$89/sqft•Public Record
Sold$175,640
Mar 11, 1998•$44/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$11,646$1,093,900
Apr 8, 2023$11,272$1,031,000
Apr 8, 2022$8,417$850,000
Apr 8, 2021$8,160$716,000
Apr 8, 2020$7,976$658,000
Apr 8, 2019$7,312$609,000
Apr 8, 2018$6,300$542,000
Apr 8, 2017$6,874$479,000
Apr 8, 2016$5,722$426,000
Apr 8, 2015$5,722$424,000
Apr 8, 2014$5,722$390,000
Apr 8, 2013$5,722$432,000
Apr 8, 2012—$387,000
Apr 8, 2011—$387,000
Apr 8, 2010—$468,000
Apr 8, 2009—$468,000
Apr 8, 2007—$353,000
Apr 8, 2006—$365,000
Apr 8, 2005—$365,000
Apr 8, 2001$2,552$185,000
Apr 8, 2000$2,710$189,700
Nearby homes
Neighborhood details
Local context around this listing
Federal Way, WA • King County
Nearby neighborhoods
AdelaideAlderbrookCampus HighlandsLaurelwoodMadronaMirror LakeRedondoSteel LakeTwin LakesWest Campus
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98003980239806398093
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