29440 18th Avenue S Federal Way, WA $ 499,950
29440 18th Avenue S
$ 499,950
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29440 18th Avenue S

Federal Way, WA, 98003
$ 499,950
Bedrooms6 Baths2.0 Sq 2,350

Monthly Estimate*

$ 3,157

Listed by Berkshire Hathaway HS NW
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Multi-Family Home for sale in Federal Way, WA

for $499,950 with 6 bedrooms and 2 full baths. This 2,350 square foot home was built in 1962 on a lot size of 0.1722.

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 4 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!

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Multi-Family Active

Price

$ 499,950

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,765

Style

Duplex

Lot Size

0.1722

Year Built

1962

Town/City

Federal Way

County/Region

King

MLS | Web ID

2582168

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 1
Security Features Fully Fenced
Year Built 1962
View Territorial
Property Subtype Multi Family
Tax Year 2026
County King
Net Operating Income 24661
Insurance Expense 1200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Federal Way
Possible Use Residential
Special Listing Conditions None
Status Active
Directions From Pacific Highway go East on 18th Ave S. Duplex on the right.
High School Buyer To Verify
City Federal Way
Senior Community Y/N N
High School District Federal Way
Zoning Description Residential
Number Of Units Total 2
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 7500
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional Rehab Loan
Elementary School Buyer To Verify
Tax Annual Amount 5765
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks 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 free
Leasable Area 2400
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Lakehaven Water
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 2570
Property Style 52 - Duplex
Cap Rate 4.93
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Exterior
Exterior Amenities Wood
Parking Features RV Parking
Lot Features Curbs High Voltage Line Paved
Water Source Public
Total Parking 5
Foundation Details Poured Concrete
Building Area Total 2350
Lot Size Acres 0.1722
Waterfront Y/N N
Covered Spaces 1
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Gas Available RV Parking
Parking Uncovered Total 4
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2582168
Street Number 1 29440
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* Excluded Features
List By
James F. Smith

Listing Agent

Berkshire Hathaway Hs Nw

Broker

Affordability Calculator

$3,637
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
$480
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3100707 Elementary School
3100498 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
9/15/2026$499,950 Listed Price

Map


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29440 18th Avenue S, Federal Way, WA, 98003 is a Multi-Family Home for sale at $499,950 with 2,350 sqft and a lot size of 0.1722. 29440 18th Avenue S has 6 bedrooms, 2.0 baths, and was built in 1962. The property's zip code is 98003 which is in Federal Way, WA