About this home

SELLER FINANCING AVAILABLE! Exceptional opportunity to secure 1.38 acres of fully usable, level land in South Federal Way. This property offers strong development potential with the ability to create approximately 4–6 lots (buyer to verify). No wetlands present, allowing for a more efficient path to building. Zoned RS9.6, with water and electricity available in the street and sewer located nearby. A unique advantage includes an existing alley easement running through the property that may be vacated, opening up more optimal lot configurations. Additionally, boundary line adjustments may provide an alternative to a full subdivision or short plat process (buyer to verify). Ideal for builders, investors, or those looking to maximize land use in a rapidly growing area.

Schools

Elementary

Buyer To Verify

Middle

Buyer To Verify

High

Buyer To Verify

Property details

View: Territorial
Water source: In Street
Sewer: In Street
Utilities: Electricity Available, Natural Gas Available

Costs

Annual taxes: $2,176 (2025)

Estimate your monthly payment

$1,926/mo

Principal & interest: $1,745
Property taxes: $181

Down payment (20%) $69,000 Interest rate (%) Loan term (years)

Loan amount $276,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Federal Way, WA 98023

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Real Broker LLC— Alicia Dawn Brown.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

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