Property Details
30348 13th Avenue S #1 & 2
Federal Way, WA 98003
$584,900
Pending Inspection
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Property Overview
GREAT OPPORTUNITY FOR 2017 NEW DUPLEX – Investor or Owner/Occupant option; Live in Owner's unit & let tenant pay half of your mortgage! Fully permitted extensive remodel in 2017. All new roof, windows, insulation, drywall, electric, plumbing, decks, kitchens, baths, doors, trim, heating, lighting, floors, hot water heaters, landscaping, & CUSTOM RV/Boat Storage! New concrete side sewer, sidewalks, driveway & RV Storage Pad with 30AMP Electric. Main level features 2 units. Unit 2 is vacant and perfect for owner occupant; has access stairs off 304th between home & RV Storage. Unit 2 has huge great room with vaulted ceilings, 2 Bedrooms, Custom Kitchen with Granite Counters, Full Bath, Deck through a sliding door over looking the back yard & stackable washer/dryer included in hall closet. Occupied Unit 1 has a long term tenant with 4+ years there. Layout is almost identical. Basement Level has 1,510 sqft divided into 5 sections. 2 sections are 380 sqft deep garage for each unit (Total 760sf.) Door A is 17'x26' Storage Unit that rents for $300/month . Door B is 250 sqft storage unit that rents for $200/month. Door C is small tenants access with hot water heaters & a little storage. RV or Boat or Trailer storage is 800 sqft (20'x40') rents for $500/month. Across the street from Federal Way High School & less than 5 minutes to all of the shopping, restaurants, entertainment, services on the 320th St, 348th St & Hwy 99 corridors. 5 minutes to the freeway for a great commute!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
King
Neighborhood
Federal Way
Listed
Jul 31, 2026
Structure Type
Duplex
Parcel Number
2501600010
Tax & HOA
Annual Property Tax
$6,050 (2026)
Est. Monthly Tax
$504/mo
Financial Summary
Cap Rate
8.00%
Net Operating Income
$46,658
Gross Scheduled Income
$56,400
Gross Rent Multiplier
10.40
Total Expenses
$9,931
Building & Use
Building Sq Ft
2,260
Leasable Area
2,470 sqft
Total Units
5
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
7,148 sqft
Year Built
1962
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1962
Garage
2 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
GPS takes you right to the property.
Location
City
Federal Way
County
King
Coordinates
47.32980, -122.31664
Additional Information
Tax Year
2026
Annual Taxes
$6,050
Possession
Array
