Property Details
31327 12th Place S
Federal Way, WA 98003
$575,000
Active
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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
Based on information submitted to the MLS GRID as of June 2, 2026 5:00 PM. 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 is 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. Copyright 2026 NWMLS. All rights reserved.
IDX information is 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. Copyright 2026 NWMLS. All rights reserved.
