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  • Listed by: eXp Realty • Sheila Newberry
    Bought with: Pellego, Inc.
    $730,000

    28921 S 28th Place, Federal Way, WA 98003

    6beds
    4baths
    2,250sqft
    Duplex, Multi Family
    Built in 1979
    -- sqft lot
    $712,100 Zestimate®
    $324/sqft
    $2,967 Estimated rent

    Home value

    $712,100

    $655,000 - $769,000

    $2,967/mo

    Zestimate® history
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    $4,761/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sheila Newberry,

    eXp Realty

    Bought with:

    Olga Gavralov, 132384

    Pellego, Inc.

    Source: NWMLS as distributed by MLS GRID,MLS#: 2480243MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Features
    • Flooring: Laminate
    • Has fireplace: No
    Interior area
    • Total structure area: 2,250
    • Total interior livable area: 2,250 sqft

    Property

    Parking
    • Total spaces: 2
    • Uncovered spaces: 2
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 7,348 Square Feet
    • Features: Dead End Street, Paved, Cable TV, Fenced-Fully, Outbuildings, Patio
    Details
    • Parcel number: 0294500040
    • Zoning description: Multi-Family
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    Materials
    • Metal/Vinyl
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1979
    • Major remodel year: 1979

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Sewer Connected
    • Water: Company: Lakehaven

    Community & HOA

    Community
    • Subdivision: Federal Way
    Location
    • Region: Federal Way

    Financial & listing details

    • Price per square foot: $324/sqft
    • Tax assessed value: $611,000
    • Annual tax amount: $5,840
    • Date on market: 2/13/2026
    • Listing terms: Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    9/2/2026Listing removed$3,400$2/sqft
    Source: Zillow Rentals Report a problem
    8/12/2026Listed for rent$3,400$2/sqft
    Source: Zillow Rentals Report a problem
    3/31/2026Sold$730,000-2.7%$324/sqft
    Source: NWMLS as distributed by MLS GRID #2480243 Report a problem
    3/11/2026Pending sale$750,000$333/sqft
    Source: NWMLS as distributed by MLS GRID #2480243 Report a problem
    3/6/2026Listed for sale$750,000$333/sqft
    Source: NWMLS as distributed by MLS GRID #2480243 Report a problem
    2/23/2026Pending sale$750,000$333/sqft
    Source: eXp Realty #2480243 Report a problem
    2/13/2026Listed for sale$750,000+25%$333/sqft
    Source: NWMLS as distributed by MLS GRID #2480243 Report a problem
    9/15/2022Sold$600,000+2.6%$267/sqft
    Source: NWMLS as distributed by MLS GRID #1963496 Report a problem
    7/22/2022Pending sale$585,000$260/sqft
    Source: NWMLS as distributed by MLS GRID #1963496 Report a problem
    7/15/2022Price change$585,000-2.5%$260/sqft
    Source: NWMLS as distributed by MLS GRID #1963496 Report a problem
    7/6/2022Listed for sale$600,000+9.1%$267/sqft
    Source: NWMLS as distributed by MLS GRID #1963496 Report a problem
    3/28/2022Sold$550,000+182.1%$244/sqft
    Source: Public Record Report a problem
    2/27/2004Sold$195,000$87/sqft
    Source: NWMLS as distributed by MLS GRID #23085343 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,240 +6.8%$611,000 +4.3%
    2024$5,840 -0.1%$586,000 +9.9%
    2023$5,844 +20.5%$533,000 +8.8%
    2022$4,848 +12.8%$490,000 +30.3%
    2021$4,297 +9.5%$376,000 +16.8%
    2020$3,924 +5.6%$322,000 +4.2%
    2019$3,716 +9.1%$309,000 +5.5%
    2018$3,405 -10%$293,000 +11%
    2017$3,784 +18%$264,000 +8.6%
    2016$3,208 $243,000 +5.2%
    2015$3,208 $231,000 +5.5%
    2014$3,208 $219,000 +18.4%
    2013$3,208 $185,000 +4.5%
    2012-- $177,000 -7.3%
    2011-- $191,000 -12%
    2010-- $217,000
    2009-- $217,000 -2.7%
    2007-- $223,000
    2006-- $223,000 +20.5%
    2005-- $185,000 +25%
    2001$2,006 +2.4%$148,000 +6.5%
    2000$1,958 $139,000
    Find assessor info on the county website

    Neighborhood: 98003

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $712,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $712,100