Rockhood
$499,950List price
Pending

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 School
SchoolDigger 1 star · Top 84% in WA

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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.