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Listing Firm: John L. Scott R.E. Lake Tapps: Doug E. Stokes

Bought With: Best Choice Realty : Ann Tseng

SOLD On April 15, 2024
NWMLS # 2196735

$1,025,000

  • Sold Price
  • - Beds
  • - Baths
  • 2540 Sq.ft.

31224 28th Avenue S, Federal Way, WA 98003

Listings with the three tree icon are courtesy of NWMLS

About This Property

New Prime opportunity in city of Federal Way! 2 rental houses located in desirable busy Downtown w/ 3 parcels totaling .95 acre (41,236 sf) zoned RM2400 Multifamily.Great opportunity to collect rents while you develop this flat, dry land, access w/ all utilities connected (water, sewer, electricity) gas in street. Immediate access to I-5, HOV on/off ramps & conveniently close to Hwy 167, 18 w/ walking distance to shopping, FW mall, Steel Lake, restaurants & most importantly the new Sound Transit Light rail & bus station This is a remarkable opportunity, allowable usages include zero lot line townhouses, multifamily dwelling stack units, senior housing & more!This site receives good exposure with 157' of frontage on 28th Ave. & backs to I-5.

Buyer's Agent: Ann Tseng • Best Choice Realty

Listed by: Doug E. Stokes • John L. Scott R.E. Lake Tapps

Aris360 Last Checked: Just Now (Jun 05, 2025 09:32 PM)

  • Source: NWMLS as Distributed by MLS Grid #2196735

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 28th
  • Zip/Postal Code: 98003
  • City: Federal Way

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$3,847 per month
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Property Features

  • County
    • Steel Lake
  • Community
    • 110 - Dash Point/Federal Way
  • MLS Area
    • 110 - Dash Point/Federal Way
  • Longitude
    • -122.297067
  • Latitude
    • 47.321258
  • Project
    • Downtown Federal Way | Zoned RM2400
  • Directions
    • From I-5 North, Take 320th Street exit, Right onto 320th St., Right onto Gateway Ctr Blvd, Right on 28th Ave S, follow thru round about past HOV I-5 entrance, Right on 28th Ave. Property down on Right

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 1
  • Style
    • 52 - Duplex
  • Parking Spaces
    • 6
  • Lot Description
    • Open Space,
    • Open Space,
    • Open Space,
    • Paved,
    • Paved,
    • Paved,
    • Value In Land,
    • Value In Land,
    • Value In Land,
  • Foundation
    • Block,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood Products
  • Site Description
    • Cable TV,Fenced-Partially,Gas Available,High Speed Internet
  • Roof
    • Composition,
  • Septic or Sewer
    • Available,
  • Lot Size in Acres

    • 1

  • Covered Spaces
    • 1
  • Condition
    • Fair,
  • Water
    • Lake Haven
  • Building Total Area (Sq. Ft.)
    • 41236
  • Has View
    • Yes
  • View Description
    • Mountain(s),
    • Territorial,

  • High School District
    • Federal Way

  • Possession
    • Negotiable,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2023
  • Structure Type
    • Condominium,
  • Tax Amount
    • $9150.9
  • Year Built
    • 1961
  • Effective Year Built
    • 1961
  • Status
    • Pending
  • Project
    • Downtown Federal Way | Zoned RM2400

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Disclaimer: Based on information submitted to the MLS GRID as of Thu Jun 05 2025 . 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.

Jun 05, 2025 09:32 PM