1816 S 312th Street, Federal Way, WA 98003

Local realty services provided by:Knipe Realty ERA Powered
Listed by:heidi lee
Office:welakeside
MLS#:2424886
Source:NWMLS
1816 S 312th Street,Federal Way, WA 98003
$649,000
  • 2 Beds
  • 2 Baths
  • 1,120 sq. ft.
  • Single family
  • Pending

Price summary

  • Price:$649,000
  • Price per sq. ft.:$579.46

About this home

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.

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Home facts

  • Year built:1957
  • Listing ID #:2424886
  • Updated:September 06, 2025 at 07:56 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Living area:1,120 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1957
  • Building area:1,120 sq. ft.
  • Lot area:0.6 Acres

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$649,000
  • Price per sq. ft.:$579.46
  • Tax amount:$5,181 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 6, 2025. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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