Date
Details
Price
Change
Source
9/15/2026
Listed
$499,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$499,950 Sale Pending
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Property Description
INVESTOR ALERT! Bring your hard hat and unlock the potential! Opportunity knocks in Federal Way with this income-producing duplex situated on a spacious, fully fenced lot with excellent access to freeways, shopping, and public transportation. Both units have a strong rental history and are always rented, making this an attractive opportunity for investors looking to add a cash-flowing property to their portfolio. The upper unit offers approximately 1,450 sq ft with 4 bedrooms and 1 bathroom, plus a dishwasher and cozy fireplace. It also features a 1-car garage and access to the property's RV parking. The lower unit provides approximately 950 sq ft with 2 bedrooms and 1 bathroom, along with a dishwasher and fireplace. A separate laundry room adds convenience for the property. With 5 bedrooms and 2 bathrooms combined, a generous lot, garage, RV parking, and convenient location, this duplex offers plenty of potential for an investor willing to bring vision and a little sweat equity. Value add opportunity, solid rental demand, and location make this one worth a look! Bring your hard hat and imagination, this could be the investment opportunity you've been waiting for!
Full Property Details
Full Property Details for 29440 18th Ave S
General
- Price: $499,950
- Taxes: $5,765 (2026)
- Status: Pending
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2582168
- Updated: 9/20/2026
- Added to Site: 25 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Additional Information
- Amenities: Cable TV, Fenced-Fully, Gas Available, RV Parking
- Security/Safety: Fully Fenced
Parking
- Garage Spaces: 1
- Covered Spaces: 1
- Uncovered Spaces: 4
- Parking Features: RV Parking
Location
- Area: 110 - Dash Point/Federal Way
- County: King
- Subdivision: Federal Way
- Driving Directions: From Pacific Highway go East on 18th Ave S. Duplex on the right.
School Information
- High School District: Federal Way
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Forced Air
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Duplex
- Exterior Const.: Wood
- Foundation: Poured Concrete
- Roof: Composition
- Stories in Building: 2
- Square Feet: 2,350
- Year Built: 1962
Unit Information
- Units in Building: 2
Lot Features
- Property View: Territorial
- Lot Size (Acres): 0.1722
- Lot Size (Sq. Ft.): 7,500
- Lot Size Source: Realist.com
- Lot Features: Curbs, High Voltage Line, Paved
- Zoning: Residential
Financial Considerations
- Tax Amount: $5,765
- Tax Year: 2026
- Terms: Cash, Conventional, Rehab Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 6720500010
Listed by James F. Smith | Berkshire Hathaway HS NW | (253) 946-4000 and Angie Smith | Berkshire Hathaway HS NW | (253) 946-4000
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NMLS#: 1598647
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Schools
Schools serving 29440 18th Ave S
School District:Federal Way School District
| Name | Grades | Distance |
|---|---|---|
Wildwood Elementary School, Federal Way, WA 2405 South 300th Street, Federal Way, WA 98003 | K-5 | 0.6 mi |
Sacajawea Middle School, Federal Way, WA 1101 South Dash Point Road, Federal Way, WA 98003 | 6-8 | 0.4 mi |
Federal Way Senior High School 30611 16th Avenue South, Federal Way, WA 98003 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 29440 18th Ave S
Tax History
Tax History for 29440 18th Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,765
7%
$556,000
4%
2024
$5,385
1%
$533,000
1%
2024
$5,336
-46%
$528,000
—
2022
$9,825
133%
$528,000
30%
2021
$4,216
—
$405,000
17%
2021
$4,216
6%
$347,000
4%
2020
$3,995
9%
$333,000
5%
2019
$3,663
-10%
$316,000
11%
2018
$4,063
8%
$284,000
8%
2017
$3,752
18%
$262,000
24%
2016
$3,185
8%
$212,000
5%
2015
$2,952
7%
$201,000
18%
2014
$2,764
—
$170,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 29440 18th Ave S
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- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,140Sq. Ft.
Listed by Vadim Polishchuk | Skyline Properties, Inc.
Sold by Alejandra Calderon | RSVP Brokers ERA
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Sold by Virginia Leigh Otter | John L. Scott Everett
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Sold by Amy Lowry | Windermere Prof Partners
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Sold by Kelly J. Pangborn | Windermere Real Estate/East
Sold by Kelly J. Pangborn | Windermere Real Estate/East
29440 18th Avenue S, Federal Way, WA 98003 (MLS# 2582168) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 29440 18th Avenue S is currently listed for $499,950 and was received on September 15, 2026. Want to learn more about 29440 18th Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Federal Way? You can browse all Federal Way real estate or contact a Coldwell Banker agent to request more information.