Welcome to the Lake Apartments in Federal Way, a portal into a classic 1958-built brick, 16 unit apartment building. This 2 story building is surrounded by grass and vegetation on a huge 31,000 square foot lot. Just off Pacific Highway, this building is a reasonable commute to the major hubs and close to the Federal Way light rail stop. Groceries, restaurants, transit, and entertainment are all just blocks away. This well maintained building got a new roof in 2022 and is a smart investment with room to improve cash flow and equity. On site laundry, ample private parking, and private entry make this a property you can be proud to add to your portfolio. Assumable financing may be available for qualified buyers.
Active
Listed by:
Shavic Jones,
Windermere Real Estate Co.,
Jason Jaber,
Windermere Real Estate Co.
$2,795,000
30853 14th Avenue S, Federal Way, WA 98003
28beds
17baths
9,612sqft
Est.:
Multi Family
Built in 1958
-- sqft lot
$2,670,500 Zestimate®
$291/sqft
$-- HOA
What's special
Ample private parkingOn site laundryPrivate entry
- 9 days |
- 217 |
- 17 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 06, 2025 at 08:29am
Listed by:
Shavic Jones,
Windermere Real Estate Co.,
Jason Jaber,
Windermere Real Estate Co.
Source: NWMLS,MLS#: 2458412
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 17
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 9,612
- Total interior livable area: 9,612 sqft
Property
Parking
- Total spaces: 18
- Parking features: Open
- Uncovered spaces: 18
Lot
- Size: 0.71 Acres
- Features: Curbs, Open Lot, Paved, Sidewalk
Details
- Parcel number: 0821049138
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Flat
Condition
- Year built: 1958
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Federal Way
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $291/sqft
- Annual tax amount: $25,060
- Date on market: 2/18/2025
- Cumulative days on market: 296 days
- Listing terms: Assumable,Cash Out,Conventional
Estimated market value
$2,670,500
$2.54M - $2.80M
$1,969/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Listed for sale | $2,795,000+13.4%$291/sqft |
Source:  NWMLS #2458412 Report a problem | ||
| 1/28/2019 | Sold | $2,465,000-1.4%$256/sqft |
Source: NWMLS #1371143 Report a problem | ||
| 12/4/2018 | Pending sale | $2,500,000$260/sqft |
Source: Savvy Lane Inc #1371143 Report a problem | ||
| 11/19/2018 | Price change | $2,500,000-3.8%$260/sqft |
Source: Savvy Lane Inc #1371143 Report a problem | ||
| 10/4/2018 | Listed for sale | $2,600,000+205.9%$270/sqft |
Source: Savvy Lane Inc #1371143 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$16,619/mo
Principal & interest
$13731
Property taxes
$1910
Home insurance
$978
Climate risks
Neighborhood: Mirror Lake
Nearby schools
GreatSchools rating
- 6/10Nautilus Elementary SchoolGrades: K-8Distance: 1.3 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 0.3 mi
- 5/10Sacajawea Middle SchoolGrades: 6-8Distance: 0.7 mi
- Loading
- Loading
