Property Details

30348 13th Avenue S #1 & 2
Federal Way, WA 98003
$584,900
MLS# 2562765 courtesy of NWMLS Listing firm: Real Estate Gladiators

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30348 13th Avenue S #1 & 2, Federal Way, WA 98003, Federal Way

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30348 13th Avenue S #1 & 2, Federal Way, WA 98003, Federal Way

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Multi-Family
Property Type
2,260
Bldg Sq Ft
5
Units
8.00%
Cap Rate
1962
Year Built

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
Listed By
Greg Gallagher
Real Estate Gladiators

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