29440 18th Avenue S · Federal Way, WA 98003
Source: NWMLS · Berkshire Hathaway HS NW · James F. Smith #NWM2582168
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 4 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!
Location
Basics
- Property type
- Multi Family
- Style
- Duplex
- Stories
- 2 stories
- Year built
- 1962
- Building area
- 2,350 sq ft
- Lot size
- 7,500 sq ft (0.17 acres)
- County
- King
- MLS #
- NWM2582168
Interior
- Heating
- Baseboard, Forced Air
- Cooling
- None
- Flooring
- Vinyl, Carpet
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Curbs, High Voltage Line, Paved
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 5
- Garage
- 1
- Covered spaces
- 1
- Parking features
- RV Parking
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Federal Way
- Property tax
- $5,765 (2026)
Transaction
- Listed on
- Sep 15, 2026
- Days on market
- 2
- Listing terms
- Cash, Conventional, Rehab Loan
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
School district: Federal Way
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Federal Way High SchoolSchoolDigger 1 star · Top 84% in WA

Listing provided courtesy of: Berkshire Hathaway HS NW
Listing agent: James F. Smith.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-18.