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$849,500
2567104 MLS ⋅ ACTIVE Status
Come and see! Perched among a lush canopy of trees in Federal Way’s coveted Redondo neighborhood, this loaded property offers incredible income potential. Spanning 3,852 square feet, this exceptional property is thoughtfully designed as three completely separate, fully equipped living spaces, making it the ultimate setup to live in one unit and rent the other two, host multi-generational living, or lease all three for maximum investment returns. Every single residence boasts its own private kitchen, dedicated in-unit laundry, and an expansive deck designed to soak in the tranquil treed overlook and coastal air. Inside, the home features two expansive primary residences alongside a charming studio apartment above the two-car garage. The 1,530-square-foot main-level unit and the 1,430-square-foot lower-level unit each offer two bedrooms, two bathrooms, and remarkably spacious living areas. Tucked above the garage, the 572-square-foot apartment captures true canopy views, giving tenants or guests their own secluded haven. All this comes with a detached two-car garage and plenty of extra off-street parking. Minutes from the vibrant Redondo Beach boardwalk and Saltwater State Park trails, this unique retreat combines coastal Northwest living and unmatched financial versatility with major commuter convenience, with its proximity to major commuter routes like I-5 and Route 99, shopping hubs including The Commons at Federal Way, and light rail and bus extensions.

28400 16th Avenue S, Federal Way

Listing courtesy of Tribeca NW Real Estate.

$584,900
2562765 MLS ⋅ PENDING Status
GREAT OPPORTUNITY FOR 2017 NEW DUPLEX - Investor or Owner/Occupant option; Live in Owner's unit & let tenant pay half of your mortgage! Fully permitted extensive remodel in 2017. All new roof, windows, insulation, drywall, electric, plumbing, decks, kitchens, baths, doors, trim, heating, lighting, floors, hot water heaters, landscaping, & CUSTOM RV/Boat Storage! New concrete side sewer, sidewalks, driveway & RV Storage Pad with 30AMP Electric. Main level features 2 units. Unit 2 is vacant and perfect for owner occupant; has access stairs off 304th between home & RV Storage. Unit 2 has huge great room with vaulted ceilings, 2 Bedrooms, Custom Kitchen with Granite Counters, Full Bath, Deck through a sliding door over looking the back yard & stackable washer/dryer included in hall closet. Occupied Unit 1 has a long term tenant with 4+ years there. Layout is almost identical. Basement Level has 1,510 sqft divided into 5 sections. 2 sections are 380 sqft deep garage for each unit (Total 760sf.) Door A is 17'x26' Storage Unit that rents for $300/month . Door B is 250 sqft storage unit that rents for $200/month. Door C is small tenants access with hot water heaters & a little storage. RV or Boat or Trailer storage is 800 sqft (20'x40') rents for $500/month. Across the street from Federal Way High School & less than 5 minutes to all of the shopping, restaurants, entertainment, services on the 320th St, 348th St & Hwy 99 corridors. 5 minutes to the freeway for a great commute!

30348 13th Avenue S Unit #1 & 2, Federal Way

Listing courtesy of Real Estate Gladiators.

$730,000
2480243 MLS ⋅ SOLD Status
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.

28921 S 28th Place, Federal Way

Listing courtesy of eXp Realty. Selling Office: Pellego, Inc..

$525,000
2344397 MLS ⋅ SOLD Status
Fantastic colonial town-home style duplex. Units mirror each other. Both feature 2 bedrooms, 2 baths, washer & dryer hookups, wood burning fireplaces & garages with plenty of storage. Nice level, wooded lot & located across the street from Steel Lake Park. Less than 2 minutes from Light Rail, shopping, restaurants and freeway. Excellent investment!!

31117 24th Avenue S, Federal Way

Listing courtesy of John L. Scott, Inc.. Selling Office: John L. Scott, Inc..

$790,000
2291552 MLS ⋅ SOLD Status
This is a must see home! A large home, a DADU, & tons of potential for rental income! This 4 bed + studio boasts nearly 3,000 sq. ft. in the main home & nearly 600 sq. ft. in the detached apartment. Top floor of the main house consists of 2 beds & 2 baths w/ a large slider, skylights, covered deck, wood fireplace, & open concept living. Downstairs has its own kitchen, 2 large beds, 2 baths, newer washer/dryer & separate access. The detached apartment sits above the large 2-car garage & comes w/ 1 bath, a skylight that opens, & nice deck with loads of light. Brand new carpet throughout & interior paint. Live in this home full time with more than enough space or rent it out w/ 3 easy to rent spaces! The potential here is endless!

28400 16th Avenue S, Federal Way

Listing courtesy of Flux Real Estate. Selling Office: Tribeca NW Real Estate.

$740,000
2268358 MLS ⋅ SOLD Status
Rare investor opportunity to own a large duplex in Federal Way. It boasts two mirrored 3 bed/1.5 bath units. Each unit has a fully fenced private backyard and an attached garage. Vacant unit has been fully remodeled including flooring, doors, cabinets, granite countertops, brand-new appliances, bathrooms, garage door, stonework, and paint. Occupied unit got a few updates this year, and duplex also got a brand-new architectural roof. Conveniently located near I-5 and close to bus stops, shopping and restaurants, it has a walk score of 61 and a bike score of 51. Both units have W/D hookups and one car garage. Lease for the occupied unit is over, new owner can choose to sign a new lease at current market rents on both units.

28824 28th Place S, Federal Way

Listing courtesy of Best Choice Realty. Selling Office: COMPASS.

$1,025,000
2196735 MLS ⋅ SOLD Status
New Prime opportunity in city of Federal Way! 2 rental houses located in desirable busy Downtown w/ 3 parcels totaling .95 acre (41,236 sf) zoned RM2400 Multifamily.Great opportunity to collect rents while you develop this flat, dry land, access w/ all utilities connected (water, sewer, electricity) gas in street. Immediate access to I-5, HOV on/off ramps & conveniently close to Hwy 167, 18 w/ walking distance to shopping, FW mall, Steel Lake, restaurants & most importantly the new Sound Transit Light rail & bus station This is a remarkable opportunity, allowable usages include zero lot line townhouses, multifamily dwelling stack units, senior housing & more!This site receives good exposure with 157' of frontage on 28th Ave. & backs to I-5.

31224 28th Avenue S, Federal Way

Listing courtesy of John L. Scott R.E. Lake Tapps. Selling Office: Best Choice Realty.

$530,000
2187785 MLS ⋅ SOLD Status
Mostly brick duplex. Great for investment income – or live in one side and rent out other. 2 parking spaces in front and 2 in back off 304th. In past was upgraded with insulation package and dual pane windows. Fenced back yards. Wood-burning fireplaces in each unit. Each unit shares laundry facilities in dedicated laundry room with exterior access.

30325 13th Avenue S, Federal Way

Listing courtesy of Better Properties NW. Selling Office: Pellego, Inc..

$?
20147636 MLS ⋅ SOLD Status
OPPORTUNITY FOR INCOME PROPERTY AT LOW COST, BLDG NEEDS SOME REPAIRS. BOTH UNITS ARE IDENTICAL FLOOR PLAN. SAME FLOOR PLAN SINGLE UNIT HAS JUST SOLD FOR OVER 100,000 IN THIS SAME NEIGHBORHOOD, GREAT SWEAT EQUITY HERE. LIVE IN ONE UNIT WHILE RENTING THE 2ND TOWARDS MORTGAGE.

33418 23rd Avenue SW, Federal Way

Listing courtesy of John L. Scott, Inc.. Selling Office: Around the Clock Inc..

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.
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