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Federal Way, WA, 98003 • 98003 • King County
$337/sqft
2,080Sqft
0.17 acLot
1968Built
Territorial Views
Territorial
Central Federal Way
98003
Outdoor Living
Laminate Hardwood
This home is in high demand
Listed 1032 days ago · 2 views · Top 10% likely to sell soon
Demand and pricing signals for this listing
2 views
People checking out this listing
1032 days on market
Established listing
$337/sqft
Price per square foot
This home ranks in the top 10% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1968
Rare investment opportunity in a highly-desirable area close to I-5, shopping centers, public transit. Perfect rental neighborhood that is walkable and also car friendly with plenty of parking. Great for commuters heading north to Seattle/Bellevue or south to Tacoma. Property is completely turn-key with everything updated and ready to rent. Individually metered with shared laundry room in middle. 7.13% cap rate with no upcoming maintenance/CapEx. Vacant units give you multiple options to either long term rent or Airbnb. Buyer can even live in one and rent the other for an amazing house hack! Positive cash flow for anyone's portfolio. Come check it out today!
Based on current rates
Est. 6.12% rate · 30yr fixed · $560,000 loan
Full calculator →Key facts and listing details
11 categories of property features
Market data and value estimates
3 schools rated nearby
Federal Way, WA, 98003
12 events
21 years of records
Local context around this listing
Federal Way, WA • King County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 15:28:53 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. [Click here for more information](/mls-disclaimers/#39)
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