29440 18th Avenue S, Federal Way, WA 98003
- $499,950
- 2,350
- SqFt
Listing courtesy of Berkshire Hathaway HS NW.
- List Price
- $499,950
- Status
- ACTIVE
- MLS#
- 2582168
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 2,350
- Area Total SqFt
- 2350
- Annual Tax Ammount
- 5765
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,500
- Sewer
- Sewer Connected
Property Description
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 3 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!
Additional Information
- List Date
- 2026-09-15 22:48:14
- Community
- Federal Way
- Net Operating Income
- $24,661
- Gross Scheduled Income
- $32,400
- Total Monthly Income
- $2,700
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $2,570
- Gross Rent Multiplier
- 15.4
- Total Expenses
- $9,535
- Cap Rate
- 4.93
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 29440
- Potential Terms
- Cash, Conventional, Rehab Loan
- Year Built
- 1962
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Federal Way
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,700
- Gross Scheduled Income
- $32,400
- Vacancy Rate
- 5
- Tax Year
- 2026
- Insurance Expense
- $1,200
- W/S/G Expenses
- $2,570
- Total Expenses
- $9,535
- Net Operating Income
- $24,661
- Gross Rent Multiplier
- 15.4
- Cap Rate
- 4.93
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.