Property Details

31327 12th Place S
Federal Way, WA 98003
$575,000
MLS# 2524704 courtesy of NWMLS Listing firm: Theory Real Estate

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31327 12th Place S, Federal Way, WA 98003, Federal Way

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31327 12th Place S, Federal Way, WA 98003, Federal Way

1 / 38
Multi-Family
Property Type
1,440
Bldg Sq Ft
2
Units
6.00%
Cap Rate
1955
Year Built

Property Overview

Ready to Own the Perfectly Updated Single Story Home in Federal Way? This home has a long term history of positive cash flow and solid tenancy providing so many options as a homeowner / investor! MultiGen / Duplex Functionality OR utilize the space all together! Live in one side and rent the other, or the door that separates them can allow for more fluid living options!! You will love all the updates making this home turn key!! The front unit features 3 bedrooms + 1 full bathroom. Quality laminate throughout. Fresh paint interior and exterior. Updated appliances! Full kitchen with fridge, microwave stove and plenty of space for cooking and dining. The back studio unit was remodeled in the last 5 years – all new cabinetry, kitchen appliances and separate washer/dryer. Giant level, fully fenced back yard could allow expansion. Adult Family Home maybe? 1 car garage attached to front unit. Newer roof and sewer line less than 5 years! This home is near it ALL in Federal Way. NO HOA. (Unit A $2290, Unit B: $1,350 per month.)

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County King
Neighborhood Mirror Lake
Listed Apr 3, 2026
Original Price $585,000
Structure Type Duplex
Parcel Number 7875200150

Tax & HOA

Annual Property Tax $5,005 (2025)
Est. Monthly Tax $417/mo

Financial Summary

Cap Rate 6.00%
Total Expenses $5,005

Building & Use

Building Sq Ft 1,440
Leasable Area 1,440 sqft
Total Units 2
Lot Size 9,374 sqft
Year Built 1955

Exterior & Lot

Lot Size 0.22 sqft
Year Built 1955
Garage 1 spaces
Exterior Materials Wood
Parking RV Parking
Sewer Sewer Connected
Water Source Public
Lot Features Curbs, Paved
Exterior Features Wood Products

Community & Access

Directions Google maps

Location

City Federal Way
County King
Coordinates 47.32085, -122.31810

Additional Information

Tax Year 2025
Annual Taxes $5,005
Possession Array
Listed By
Kristi N Baitcher
Theory Real Estate

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