28921 S 28th Place, Federal Way, WA 98003
- $730,000
- 2,250
- SqFt
Listing courtesy of eXp Realty. Selling Office: Pellego, Inc..
- Sold Price
- $730,000
- List Price
- $750,000
- Status
- SOLD
- MLS#
- 2480243
- Closing Date
- Mar 31, 2026
- Days on Market
- 15
- Style
- 52 - Duplex
- Finished SqFt
- 2,250
- Area Total SqFt
- 2250
- Annual Tax Ammount
- 5840
- Lot Size (sq ft)
- 7,350
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-03-16 00:00:00
- Community
- Federal Way
- Net Operating Income
- $53,943
- Gross Adjusted Income
- $61,356
- Gross Scheduled Income
- $67,200
- Total Monthly Income
- $2,800
- Insurance Expenses
- $1,119
- Water/Sewer/Garbage Expenses
- $450
- Gross Rent Multiplier
- 12
- Total Expenses
- $7,409
- Cap Rate
- 6.92
- Total Number of Units
- 2
- Unit Name
- 28921
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Outbuildings, Patio
- Energy Source
- Electric
- School District
- Federal Way
- Total Monthly Income
- $2,800
- Gross Scheduled Income
- $67,200
- Gross Adjusted Income
- $61,356
- Tax Year
- 2025
- Insurance Expense
- $1,119
- W/S/G Expenses
- $450
- Total Expenses
- $7,409
- Net Operating Income
- $53,943
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.92
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.