Sold

Listed by: Nations Realty, LLC

Bought with: eLink Realty

$1,600,000

1727 S 305th Place, Federal Way, WA 98003

2beds

2baths

5,276sqft

Multi Family

Built in 1976

-- sqft lot

$1,520,500 Zestimate^®

$303/sqft

$1,848 Estimated rent

Home value

$1,520,500

$1.37M - $1.67M

$1,848/mo

Zestimate^® history

Owner options

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$1,848/mo

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$1,848/mo

Rent Zestimate^®

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$9,661/mo

Est. payment

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$9,661/mo

Est. payment

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What's special

Prime Investment Opportunity in Federal Way: Renovated 8-Unit ApartmentThis fully occupied 8-unit apartment is rare. It is located near downtown Federal Way, directly across from Federal Way High School. Each unit has been completely renovated, ensuring modern living spaces that are attractive and easy to maintain. With a strong 6.29% CAP rate, this property promises solid returns on investment. Convenience is key, with the upcoming light rail station just minutes away and within walking distance of the bus stop. Recent upgrades, including a brand-new roof in 2018 and new siding and exterior paint in 2023, mean no deferred maintenance—making it an ideal, hassle-free investment—with low vacancy rates.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2

Heating

Baseboard, Electric

Cooling

None

Features

Has fireplace: No

Interior area

Total structure area: 5,276
Total interior livable area: 5,276 sqft

Property

Parking

Total spaces: 10

Lot

Size: 9,604 sqft

Details

Parcel number: 2558170030
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Products
Roof: Composition

Condition

Year built: 1976

Utilities & green energy

Sewer: Available
Water: Public

Community & neighborhood

Location

Region: Federal Way
Subdivision: Federal Way

Other

Other facts

Listing terms: Conventional
Cumulative days on market: 496 days

Price history

Date	Event	Price
10/30/2024	Sold	$1,600,000$303/sqft
Source: NWMLS as distributed by MLS GRID #2286969 Report a problem
9/19/2024	Pending sale	$1,600,000$303/sqft
Source: NWMLS as distributed by MLS GRID #2286969 Report a problem
9/6/2024	Listed for sale	$1,600,000+178.3%$303/sqft
Source: NWMLS as distributed by MLS GRID #2286969 Report a problem
11/29/2022	Listed for rent	$1,350+22.7%
Source: Zillow Rental Manager Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
1/20/2018	Listing removed	$1,100
Source: Owner Report a problem
1/10/2018	Price change	$1,100-7.9%
Source: Owner Report a problem
12/21/2017	Price change	$1,195-4%
Source: Owner Report a problem
12/10/2017	Listed for rent	$1,245
Source: Owner Report a problem
6/30/2006	Sold	$575,000+36.9%$109/sqft
Source: NWMLS as distributed by MLS GRID #25081346 Report a problem
2/13/2004	Sold	$420,000$80/sqft
Source: NWMLS as distributed by MLS GRID #23156174 Report a problem