Skip main navigation
Pending
  • Listed by: Berkshire Hathaway HS NW • James F. Smith
    $499,950

    29440 18th Avenue S, Federal Way, WA 98003

    6beds
    2baths
    2,350sqft
    : 
    $3,275/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 1962
    -- sqft lot
    $501,100 Zestimate®
    $213/sqft
    $-- HOA

    What's special

    Cozy fireplaceRv parkingGenerous lotSpacious fully fenced lotSeparate laundry room
    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 4 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!
    --
    on Zillow
    482
    views
    31
    saves

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    James F. Smith,

    Berkshire Hathaway HS NW,

    Angie Smith,

    Berkshire Hathaway HS NW

    Source: NWMLS as distributed by MLS GRID,MLS#: 2582168MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      Heating
      • Baseboard, Forced Air, Electric, Natural Gas
      Cooling
      • None
      Features
      • Flooring: Vinyl, Carpet
      • Has fireplace: No
      Interior area
      • Total structure area: 2,350
      • Total interior livable area: 2,350 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: RV Parking
      • Garage spaces: 1
      • Uncovered spaces: 4
      Features
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 7,501 Square Feet
      • Features: Curbs, High Voltage Line, Paved, Cable TV, Fenced-Fully, Gas Available, RV Parking
      Details
      • Parcel number: 6720500010
      • Zoning description: Residential,Jurisdiction: City
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Multi Family
      Materials
      • Wood Siding
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Year built: 1962
      • Major remodel year: 1962

      Utilities & green energy

      • Electric: Company: PSA
      • Sewer: Sewer Connected, Company: Lakehaven Water
      • Water: Public, Company: Lakehaven Water
      • Utilities for property: Xfinity, Xfinity

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $213/sqft
      • Tax assessed value: $556,000
      • Annual tax amount: $5,765
      • Date on market: 9/15/2026
      • Listing terms: Conventional,Rehab Loan

        Estimated market value

        $501,100

        $476,000 - $526,000

        $2,242/mo

        Price history

        DateEventPrice
        9/18/2026Pending sale$499,950$213/sqft
        Source: NWMLS as distributed by MLS GRID #2582168 Report a problem
        9/15/2026Listed for sale$499,950$213/sqft
        Source: NWMLS as distributed by MLS GRID #2582168 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,765 +7.1%$556,000 +4.3%
        2024$5,385 +0.9%$533,000 +9.9%
        2023$5,336 +2.4%$485,000 -8.1%
        2022$5,210 +12.9%$528,000 +30.4%
        2021$4,615 +9.5%$405,000 +16.7%
        2020$4,216 +5.5%$347,000 +4.2%
        2019$3,995 +9.1%$333,000 +5.4%
        2018$3,663 -9.8%$316,000 +11.3%
        2017$4,063 +37.6%$284,000 +8.4%
        2016$2,952 $262,000 +23.6%
        2015$2,952 $212,000 +5.5%
        2014$2,952 $201,000 +18.2%
        2013$2,952 $170,000 +4.9%
        2012-- $162,000 -7.4%
        2011-- $175,000 -25.2%
        2010-- $234,000
        2009-- $234,000 -2.1%
        2007-- $239,000 +5.8%
        2006-- $226,000 +9.7%
        2005-- $206,000 +28%
        2001$2,167 +4.6%$161,000 +8.8%
        2000$2,072 $148,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Redondo

        Getting around

        66 / 100
        Somewhat Walkable
        40 / 100
        Some Transit
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts