1816 S 312th Street Federal Way, WA 98003
1816 S 312th Street
Federal Way, WA 98003
$649,000
Residential
2 Beds
1.75 Baths
1120 SqFt
Active
Prime development opportunity or those seeking long-term rental income or starter home in the heart of Federal Way! This expansive 26,224 sq ft corner lot is zoned RM-1800, possibly allowing for up to 14 multifamily units—ideal for builders, investors. The property includes a charming 2-bedroom starter home with utilities already on-site (water, sewer, electricity), plus gas available at the street. Located directly across from retail and just minutes from The Commons Mall, I-5 access, and public transit, this site offers unbeatable convenience and walkability. Whether you're looking to build now or hold for future appreciation, this parcel delivers flexibility, location, and upside.
Property Features
Community: Federal Way
1 Story
View: City
View: Territorial
Cable TV
Fenced-Partially
Bus Line Nearby: Yes
Exterior: Cement Planked
Roof: Composition
Parking: Attached Garage
Year Built: 1957
2025 Taxes: $5180.72
Buyer Broker Comp.: 2.5%
Listing #: 2424886
Lot Details
Lot Size: 0.60 acres
Corner Lot
Curbs
Paved
Sidewalk
Interior
Cooling: None
Heating: Forced Air
Electric
Schools
District: Federal Way
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere
What's Near 1816 S 312th Street Federal Way, WA 98003?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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