All homes

$499,950

29440 18th Avenue

Federal Way, WA 98003

Active
Territorial view

Beds

Baths

Sq Ft

Lot

0.17 ac

Year built

1962

Type

Residential Income

Days listed

1

MLS #

2582168

About this home

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 3 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!

Exterior features

Wood

Schools

Elementary

Buyer To Verify

Middle

Buyer To Verify

High

Buyer To Verify

Property details

Heating
Baseboard, Forced Air
Cooling
None
Flooring
Vinyl, Carpet
Parking
RV Parking
View
Territorial
Lot
Curbs, High Voltage Line, Paved
Water source
Public
Sewer
Sewer Connected

Costs

Annual taxes
$5,765 (2026)

Estimate your monthly payment

$3,008/mo

Principal & interest
$2,528
Property taxes
$480
Loan amount $399,960

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 98003

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Berkshire Hathaway HS NW— James F. Smith.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?

Request a private tour or ask a question — a local agent will respond personally.

No spam. We'll only reach out about your search.