31233 22nd Avenue SW · Federal Way, WA 98023
Source: NWMLS · BCR LLC · Christel EM Osterstrom #NWM2583492
About this home
Listing Description Attention Investors, Builders & Buyers Looking for Opportunity! Bring your vision to this Federal Way property situated on an expansive 27,000 sq. ft. (.62-acre) lot with exciting possibilities. The home offers 1,980 sq. ft. of above-ground living space with an additional approximately 1,950 sq. ft. daylight basement not included in the stated living square footage, creating substantial additional space and potential. The home features 4 bedrooms, multiple baths, two fireplaces, and an attached garage. The property is currently identified as RS15.0 zoning, and the generous parcel may offer potential for subdivision or additional development, subject to verification and approval by the appropriate governmental authorities. Buyer to independently verify zoning, subdivision potential, development feasibility, utilities, access, and all applicable requirements. Whether you're an investor looking for your next project, a builder exploring development possibilities, or a buyer wanting a home with nearly 4,000 sq. ft. of combined above-ground and basement space, this property offers an opportunity to bring your ideas to life. Bring your vision and explore the possibilities!
Location
Basics
- Property type
- Single Family Residence
- Style
- Contemporary
- Stories
- 1 story
- Condition
- Fair
- Year built
- 1958
- Lot size
- 27,000 sq ft (0.62 acres)
- County
- King
- MLS #
- NWM2583492
Interior
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Ceramic Tile, Vinyl, Carpet
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
- Fireplace
- 2 · Electric, Wood Burning
- Interior features
- Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Solarium/Atrium, Vaulted Ceiling(s), Water Heater
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood Products
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Paved
- Topography
- Partial Slope,Terraces
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 6
- Garage
- Yes (attached)
- Covered spaces
- 2
- Parking features
- Driveway, Attached Garage, Off Street, RV Parking
Utilities
- Water
- Public
- Sewer
- Septic Tank
- Power
- Electric
Community & fees
- Subdivision
- Dash Point
- Community features
- CCRs
- Property tax
- $6,515 (2026)
Transaction
- Listed on
- Sep 17, 2026
- Days on market
- 0
- Price per sq ft
- $133
- Listing terms
- Cash, Conventional, Rehab Loan
- Possession
- Closing
More homes nearby
Schools
School district: Federal Way
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Decatur High SchoolSchoolDigger 1 star · Top 87% in WA

Listing provided courtesy of: BCR LLC
Listing agent: Christel EM Osterstrom.
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 2026-09-17.