Prime development opportunity or those seeking long-term rental income or starter home in the heart of Federal Way! This expansive 26,224 sq ft corner lot is zoned RM-1800, possibly allowing for up to 14 multifamily units—ideal for builders, investors. The property includes a charming 2-bedroom starter home with utilities already on-site (water, sewer, electricity), plus gas available at the street. Located directly across from retail and just minutes from The Commons Mall, I-5 access, and public transit, this site offers unbeatable convenience and walkability. Whether you're looking to build now or hold for future appreciation, this parcel delivers flexibility, location, and upside.
Listing Provided Courtesy of Heidi Lee, WeLakeside
General Information
NWM2424886
Single Family Residence
8
DOM
2
0.6 acres
2
1120
1957
King
Buyer To Verify
Buyer To Verify
Buyer To Verify
Residential
Single Family Residence
Listing Provided Courtesy of Heidi Lee, WeLakeside
Krishna Realty data last checked: Sep 06, 2025 01:28 | Listing last modified Sep 06, 2025 05:09,
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Residence Information
1120
2
1
0
2
Composition
2,
10 - 1 Story
1957
Poured Concrete
Features and Utilities
Cement Planked
Public
Sewer Connected
Financial
5180.72
Cash Out, Conventional
08-28-2025
Comparable Information
8
8
Cash Out, Conventional
$649,000
$649,000
Sep 06, 2025 05:09
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Buyer To Verify N/ARatings High : Buyer To VerifyN/ARatings
Prime development opportunity or those seeking long-term rental income or starter home in the heart of Federal Way! This expansive 26,224 sq ft corner lot is zoned RM-1800, possibly allowing for up to 14 multifamily units—ideal for builders, investors. The property includes a charming 2-bedroom starter home with utilities already on-site (water, sewer, electricity), plus gas available at the street. Located directly across from retail and just minutes from The Commons Mall, I-5 access, and public transit, this site offers unbeatable convenience and walkability. Whether you're looking to build now or hold for future appreciation, this parcel delivers flexibility, location, and upside.