28921 S 28th Place Federal Way, WA $ 750,000
28921 S 28th Place
$ 750,000
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28921 S 28th Place

Federal Way, WA, 98003
$ 750,000
Baths0.0 Sq 2,250

Monthly Estimate*

$ 4,618

Listed by eXp Realty
28921 S 28th Place, Federal Way, WA 98003 - Image 1
28921 S 28th Place, Federal Way, WA 98003 - Image 2
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28921 S 28th Place, Federal Way, WA 98003 - Image 4
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28921 S 28th Place, Federal Way, WA 98003 - Image 6
28921 S 28th Place, Federal Way, WA 98003 - Image 7
28921 S 28th Place, Federal Way, WA 98003 - Image 8
28921 S 28th Place, Federal Way, WA 98003 - Image 9
28921 S 28th Place, Federal Way, WA 98003 - Image 10
28921 S 28th Place, Federal Way, WA 98003 - Image 11
Studio

Multi-Family Home for sale in Federal Way, WA

for $750,000. This 2,250 square foot home was built in 1979 on a lot size of 0.1687.

Excellent investment or owner-occupant opportunity! This townhome-style duplex features side-by-side units, each offering 3 bedrooms and 2 bathrooms. Interiors boast updated kitchens and modern flooring, along with the convenience of in-unit washer and dryer. Each unit enjoys a fully fenced backyard with a private patio, small flat usable yard, and additional storage—ideal for comfortable everyday living. The location is a standout feature, with easy access to major freeways including I-5 and Hwy 167, and close proximity to the new Light Rail, making commuting to Seattle or Tacoma simple and efficient. Situated near shopping, restaurants, and parks, this property offers strong rental appeal and long-term value. Whether you’re looking to expand your investment portfolio or live in one unit while generating income from the other, this centrally located duplex checks all the boxes. Please allow 24 hour notice for viewings- one unit will be vacant starting March 1st for easy access. Showing to start March 1st

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Multi-Family Active

Price

$ 750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,840

Style

Duplex

Lot Size

0.1687

Year Built

1979

Town/City

Federal Way

County/Region

King

MLS | Web ID

2480243

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing See Remarks Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Fully Fenced
Year Built 1979
View Territorial
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 53943
Insurance Expense 1119
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Federal Way
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Heading north on Military Rd S. Right onto S 288th St. Right onto 28th pl S home is on right side
City Federal Way
Senior Community Y/N N
High School District Federal Way
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 7350
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 5840
Electric Expense 0
Fuel Expense 0
Public Remarks Excellent investment or owner-occupant opportunity! This townhome-style duplex features side-by-side units each offering 3 bedrooms and 2 bathrooms. Interiors boast updated kitchens and modern floori
Leasable Area 2250
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Lakehaven
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 450
Property Style 52 - Duplex
Cap Rate 6.92
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Dead End Street Paved
Foundation Details Poured Concrete
Building Area Total 2250
Lot Size Acres 0.1687
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Outbuildings Patio
Parking Uncovered Total 2
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2480243
Street Number 1 28921
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* Excluded Features
List By
Sheila Newberry

Listing Agent

Exp Realty

Broker

Affordability Calculator

$5,105
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,618
Monthly Property Taxes
$487
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258885 Elementary School
257703 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2026$750,000 Listed Price

Map


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28921 S 28th Place, Federal Way, WA, 98003 is a Multi-Family Home for sale at $750,000 with 2,250 sqft and a lot size of 0.1687. 28921 S 28th Place is a studio with 0.0 baths and was built in 1979. The property's zip code is 98003 which is in Federal Way, WA