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Federal Way Homes For Sale & Real Estate

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Most Recent Federal Way WA Listings (Updates every 15 minutes)

$989,000
2491971 MLS
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.

34120 1st Place S, Federal Way
$189,990
2 Beds ⋅ 1 Baths ⋅ 2492259 MLS ⋅ Liberty Lake BLDG.
Well-maintained top-floor 2-bedroom, 1-bath condo a clean, move-in-ready feel. The bright, functional layout features an open-concept design that flows from the kitchen into the dining and living areas, creating a comfortable and inviting space with room to personalize. Enjoy the convenience of being in the heart of Federal Way, close to shopping, dining, parks, entertainment, and major commuter routes including I-5, Hwy 18, bus lines, and the light rail system. Community amenities include a pool, gym, sauna, and clubhouse, along with plenty of first-come, first-served unassigned parking. HOA dues include sewer, water, and garbage. No rental cap, making this a great opportunity for both homeowners and investors seeking comfortable, low-maintenance living.

31003 14th Avenue S Unit #E12, Federal Way
$359,900
2 Beds ⋅ 2 Baths ⋅ 2491631 MLS ⋅ Quiet Forest II BLDG.
Beautifully maintained 2 bdrm, + den & bonus room/loft in desirable, gated 55+ condo community of Quiet Forest !!. Featuring a bright open layout and the same owner for 33 years! From the moment you walk-in you'll want to stay and you will feel right at home. Thoughtfully designed with a spacious updated kitchen, center island/breakfast bar, all open to eating nook. Enjoy your favorite beverage on your private deck, conveniently located off of your gourmet kitchen, dine al fresco during spring & summer! Warm and inviting family room with cozy wood burning fireplace, low maintenance maple laminate flooring and a beautiful open spindle stair case that leads you to open and airy loft perfect to use as a tv/bonus room, sewing or hobby area room or your own library! Retreat to your large primary bedroom w/ walk-in closet, built-in shelving and wardrobe w/ adjacent bath, double sinks, & shower-tub combo. The basement and garage level feature: craft room with built-in cabinetry and desk, perfect for enjoying your favorite hobby or use as an in-home office space. Spacious 2-car attached garage, custom pull out storage and an electronic garage door opener for your convenience. *HOA dues* include water, sewer, landscaping, secure gated entry, and road maintenance. Close to walking trails, parks, shopping, restaurants and healthcare. You won't want to miss this opportunity and prime location! The beach and Dash Pt. are just a quick 5 minute drive. Come take a look today!

303 S 325th Lane Unit #22D, Federal Way
$1,030,000
4 Beds ⋅ 3 Baths ⋅ 2486783 MLS ⋅ LAKE KILLARNEY ESTATES BLDG.
Welcome to this luxurious MainVue home in a well-established neighborhood, featuring over $50,000 in builder upgrades and more than $70,000 in backyard enhancements. Designed for entertaining and everyday comfort, this residence blends open concept living with high-end finishes and thoughtful indoor-outdoor flow. Key Features incudes Open-concept family room, dining area, and kitchen with large sliding doors leading to a covered outdoor living space. Gourmet kitchen with quartz countertops, abundant counter space and storage, and room for casual dining. Upgraded backyard with extensive improvements. Upstairs loft offering flexible space for a media area, home office, or playroom. Central A/C and heating for year-round comfort. Additional highlights that includes elegant finishes and thoughtful builder upgrades throughout.

2873 S 353rd Place, Federal Way
$230,000
2 Beds ⋅ 1 Baths ⋅ 2489867 MLS ⋅ Liberty Lake BLDG.
Move in ready and well-maintained ground-floor unit in the heart of Federal Way with a bright and functional layout. This 2-bedroom, 1-bathroom home offers a comfortable & functional open living space with ample natural light throughout the generous living space & lots of closet storage space. The galley kitchen is well-equipped with stainless steel appliances, granite counter-tops, a breakfast bar, & more storage. The open concept flows from the kitchen seamlessly into the dining room & living room areas; creating the ideal space for both daily living and entertaining. The back patio offers privacy with breathtaking sunsets & a direct / unobstructed view of the clear waters of serene Easter Lake, providing a peaceful, rural feel despite the benefit of being in a central location, making this home the ultimate & affordable waterfront lifestyle property. Excellent resort-style community amenities, including a clubhouse, pool, hot tub, sauna, gym, two laundry rooms and lots of secure parking spaces for you & your visitors. The unit is pet-friendly and doesn't have a rental cap, making it an excellent opportunity for both homeowners & investors. Its prime location offers quick & easy access to I-5, HW 18, shops, restaurants, parks, entertainment, bus lines, commuter routes & the light rail system. HOA dues include sewer, water, garbage & access the amenities. A great home with scenic views & comfortable, low-maintenance living. The perfect combination of convenience & value!

31003 14th Avenue S Unit #D 13, Federal Way
$75,000
2484436 MLS
Discover a rare opportunity in Federal Way! 2.17 acres across two tax parcels sold together, offering flexibility and possibility for your future vision. Whether you're dreaming of building one private estate or exploring the potential for two homes, this secluded acreage provides the perfect canvas at an excellent price. Final feasibility, including perk tests and driveway easement improvements, will determine whether one or two residences are possible; buyer to verify all details. Tucked away in a peaceful, wooded setting, this property delivers the rare combination of convenience and tranquility. Towering evergreens create your very own forest retreat—an ideal backdrop for a custom home, a large garage or shop, garden space, or simply room to breathe. Walk the property and experience firsthand the quiet privacy and sense of escape from the everyday hustle and bustle. This is zoned residential, with nearby access to utilities. A septic system will be needed, and the property is expected to perk; public sewer is too far for practical connection. Water and other utilities will need to be brought in—another element allowing you to tailor the homesite to your needs. Follow the driving directions, park at the designated spot, and enjoy a beautiful walk through the land. Here is a unique chance to create something special—don’t miss this rare acreage offering in Federal Way.

26 XX SW 308th Street, Federal Way
$1,199,990
4 Beds ⋅ 4 Baths ⋅ 2486065 MLS ⋅ Montevista BLDG.
Single-Story Living! Brand new, contemporary energy-efficient home by award winning builder Ichijo USA! 3292 sqft, 4 beds plus den, 3.25 baths, Sunny, Spacious Balcony with Territorial Views! 20,000 sq ft estate-sized home site! The main floor features a luxurious primary suite with a five-piece bathroom! Also on the main floor you will find an open, bright living area with vaulted ceilings, modern kitchen, dining space, guest bathroom and den! Lower level: 3 beds, living room, including an ensuite for your ample comfort and convenience. Move-in ready by Fall! Only minutes away from I-5, grocery stores, dining, and schools! Call or Text the listing broker to make an Appointment today! Ichijo USA is currently offering a 30k incentive with the use of a preferred lender! If represented by a broker, broker must accompany & register at 1st visit. See Site Registration Policy 4772.

36508 SW 3rd Place Unit #2, Federal Way
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Based on information submitted to the MLS GRID as of . 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.