Sold1032d on market
28600 25th Place S
Federal Way, WA, 98003 • 98003 • King County
$700,000
$337/sqft
2,080Sqft
0.17 acLot
1968Built
Property DNA
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
Market activity
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
Selling Soon Prediction
Very HighThis home ranks in the top 10% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
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!
Estimated monthly payment
Based on current rates
$4,332/month
Principal & Interest$3,399
Property Tax$700
Insurance$233
Down payment20% ($140,000)
3%50%
Est. 6.12% rate · 30yr fixed · $560,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1968
HeatingBaseboard, Electric
CoolingNone
Parking6 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionGood
Year built1968
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition,Flat,Torch Down
ConstructionWood Products
Water / SewerCompany: Lakehaven / Sewer Connected, Company: Lakehaven
Parking & Outdoor
ParkingOpen
Lot7,331 sqft
Location & Tax
Neighborhood98003
Annual tax$5,208
Parcel5529000120
Features & details
11 categories of property features
Interior Features
Flooring
Laminate
Vinyl
Heating
Baseboard
Electric
Cooling
None
Windows
Thermal Windows
Green/Energy
Thermal Windows
Exterior Features
Parking
Open
Construction
Wood Products
Patio & Porch
Laminate Hardwood
Lot Features
Curbs
Paved
Sidewalk
Cable TV
Fenced-Fully
High Speed Internet
Views
Territorial
Utilities
Xfinity
Xfinity
Listing insights
Market data and value estimates
StatusSold
Days on market1032
Est. value$694,100
Est. rent$2,369/mo
Tax rate0.82%
Price/sqft$337
On marketMay 27, 2023
PostedApr 21, 2023
Last sold$700,000
MLS statusSold
MLS updatedSep 5, 2024
Tour days6
Views2
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98003
Price history
12 events
DateEventPrice$/sqftSource
Jul 18, 2023Listing Removed——Zillow Rentals
Jun 10, 2023Listed For Rent$2,600$1Zillow Rentals
Jun 9, 2023Sold$700,000$337NWMLS as distributed by MLS GRID
May 5, 2023Pending Sale$748,000$360NWMLS as distributed by MLS GRID
Apr 21, 2023Listed For Sale$748,000$360NWMLS as distributed by MLS GRID
Oct 5, 2019Listing Removed$1,850$1TurboTenant
Oct 2, 2019Listed For Rent$1,850$1TurboTenant
Sep 23, 2019Sold$395,000$190NWMLS as distributed by MLS GRID
Aug 14, 2019Pending Sale$385,000$185The Foundation Group LLC
Aug 12, 2019Listed For Sale$385,000$185The Foundation Group LLC
Sep 30, 2005Sold$299,950$144NWMLS as distributed by MLS GRID
Dec 5, 2003Sold$196,000$94Public Record
Listing Removed—
Jul 18, 2023•Zillow Rentals
Listed For Rent$2,600
Jun 10, 2023•$1/sqft•Zillow Rentals
Sold$700,000
Jun 9, 2023•$337/sqft•NWMLS as distributed by MLS GRID
Pending Sale$748,000
May 5, 2023•$360/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$748,000
Apr 21, 2023•$360/sqft•NWMLS as distributed by MLS GRID
Listing Removed$1,850
Oct 5, 2019•$1/sqft•TurboTenant
Listed For Rent$1,850
Oct 2, 2019•$1/sqft•TurboTenant
Sold$395,000
Sep 23, 2019•$190/sqft•NWMLS as distributed by MLS GRID
Pending Sale$385,000
Aug 14, 2019•$185/sqft•The Foundation Group LLC
Listed For Sale$385,000
Aug 12, 2019•$185/sqft•The Foundation Group LLC
Sold$299,950
Sep 30, 2005•$144/sqft•NWMLS as distributed by MLS GRID
Sold$196,000
Dec 5, 2003•$94/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$5,812$584,000
Apr 7, 2023$5,834$532,000
Apr 7, 2022$5,876$598,000
Apr 7, 2021$5,208$459,000
Apr 7, 2020$4,754$393,000
Apr 7, 2019$4,508$377,000
Apr 7, 2018$4,124$357,000
Apr 7, 2017$4,579$321,000
Apr 7, 2016$3,349$296,000
Apr 7, 2015$3,349$242,000
Apr 7, 2014$3,349$229,000
Apr 7, 2013$3,349$193,000
Apr 7, 2012—$184,000
Apr 7, 2011—$198,000
Apr 7, 2010—$195,000
Apr 7, 2009—$195,000
Apr 7, 2007—$200,000
Apr 7, 2006—$200,000
Apr 7, 2005—$186,000
Apr 7, 2001$2,058$152,000
Apr 7, 2000$1,998$142,000
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
Similar homes
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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