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Listing Firm: Nations Realty, LLC: Kennedy E. Akinlosotu

Bought With: eLink Realty : Sam Chui

SOLD On October 30, 2024
NWMLS # 2286969

$1,600,000

  • Sold Price
  • - Beds
  • - Baths
  • 5276 Sq.ft.

1727 S 305th Place , Federal Way, WA 98003

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Buyer's Agent: Sam Chui • eLink Realty

Listed by: Kennedy E. Akinlosotu • Nations Realty, LLC

Aris360 Last Checked: Just Now (Jun 07, 2025 07:30 AM)

  • Source: NWMLS as Distributed by MLS Grid #2286969

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 305th
  • Zip/Postal Code: 98003
  • City: Federal Way

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Property Features

  • County
    • Federal Way
  • Community
    • 110 - Dash Point/Federal Way
  • MLS Area
    • 110 - Dash Point/Federal Way
  • Longitude
    • -122.311302
  • Latitude
    • 47.328179
  • Directions
    • GPS is Good.

  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 10
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood Products
  • Roof
    • Composition,
  • Septic or Sewer
    • Available,
  • Building Total Area (Sq. Ft.)
    • 9604

  • High School District
    • Federal Way

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $15361
  • Year Built
    • 1976
  • Status
    • Sold

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Listing provided by NWMLS

Disclaimer: Based on information submitted to the MLS GRID as of Sat Jun 07 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 07, 2025 07:30 AM