Pending

$750,000

0 Beds 0 Baths 2,250 SQFT 0.17 Acres

Type: Pending

28921 S 28th Place
Federal Way, WA 98003

MLS#: 2480243

Presented by: eXp Realty and NWMLS

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. Please allow 24 hour notice for viewings- one unit will be vacant starting March 1st for easy access. Showing to start March 1st

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringLaminate

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories2

General

Building Area Units0 sqft

Cap Rate6.92

Carport Spaces0

Carport Y/NNo

CityFederal Way

CoolingNone

CountyKing

DirectionsHeading north on Military Rd S. Right onto S 288th St. Right onto 28th pl S, home is on right side

Electric Expense0

Fuel Expense0

Garage Spaces0

HOANo

HOA Fee$0

HeatingBaseboard

High School DistrictFederal Way

Insurance Expense1119

Leasable Area2,250 sqft

Listing TermsCash, Conventional, FHA, VA Loan

Living Area0 sqft

Lot Size Square Feet7,350 sqft

Lot Size UnitsSquare Feet

MLS Area110 - Dash Point/Federal Way

NWM_ShowMapLinkY

Net Operating Income53943

New ConstructionNo

Number Of Units Total2

PossessionClosing, See Remarks, Subject to Tenant Rights

Possible UseMulti-Family

Property Style52 - Duplex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksExcellent 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

RoofComposition

Security FeaturesFully Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusPending

StatusPending Inspection

Structure TypeDuplex

Subdivision NameFederal Way

Tax Annual Amount$5,840

Tax Year2025

Units Below Gradefalse

Units In Building Total2

ViewTerritorial

Water CompanyLakehaven

Water Sewer Garbage450

Year Built1979

Zoning DescriptionMulti-Family

Exterior

Building Area Total2,250 sqft

Covered Spaces0

Exterior AmenitiesMetal/Vinyl

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesDead End Street, Paved

Lot Size Acres0.1687

Parking Uncovered Total2

Site FeaturesCable TV, Fenced-Fully, Outbuildings, Patio

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School N/A

High School N/A

Elementary School N/A

Similar Properties

$750,000

0 Beds 0 Baths 2,250 SQFT 0.17 Acres

Type: Pending

28921 S 28th Place
Federal Way, WA 98003

MLS#: 2480243

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Property

$750,000

28921 S 28th PlaceFederal Way, WA 98003

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$750,000

28921 S 28th PlaceFederal Way, WA 98003

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28921 S 28th Place
Federal Way, WA 98003

28921 S 28th Place
Federal Way, WA 98003