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.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Shavic Jones
$1,695,000 (USD)
Madison Park Area Land
Active
2538 39th Avenue E 6 Seattle, WA 98112
Bed
0 Baths
sqft
MLS# 2322612
RARE 24,171 SF Level lot in the exclusive gated waterfront community of Madison Estates. Build your dream home on this perfectly sited lot, nestled beside majestic old growth trees. This is the only gated waterfront community in the coveted Madison Park neighborhood and includes ownership of a boat slip in the community dock. Lot adjoins a lovely man-made pond. Enjoy the convenience of being a short stroll from Madison Park Village, with its delightful shops, restaurants, beautiful park with a swimming beach and schools. The lot offers endless possibilities for development - don't miss out on this incredible opportunity! Up to 70% financing at 5% interest is available.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Kathryn Hinds
$1,299,900 (USD)
Central Area Residential
Active
2011 E James Street Seattle, WA 98122
6 Bed
2 Baths
2300 sqft
MLS# 2473378
Welcome to the one you didn't know you were looking for! Legal duplex on a quiet tree-lined street in the sought-after Central Area holds huge potential for owner-occupancy (rental income offsets your mortgage), or investors with current AirBnB on one side and long-term tenants on the other. Sited on a premier corner lot, this historic 1906 treasure features two 3BR/1BA units with full basements, gated parking & large shared yard with mature trees for privacy. Both main floor living areas feature charming built-ins, large windows, separate dining space, and eat-in kitchens. Upstairs both units feature a 3/4 bathroom and all three bedrooms on the same level. New double-pane windows, updated kitchens & baths, and separate laundry areas make both units comfortable and efficient. Commuting is a breeze from here, and restaurants, transit, parks, hospitals, schools and more are just outside your door. Development potential on the large lot (buyer to verify) while collecting rent, or renovate the whole home to suit you. One long-term tenant lease in place through 8/31/26. AirBnB income over $65K since mid-2024 launch; income statements and lease available, furniture negotiable. Cap rate/calculations based on proforma rate, buyer to verify all details.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Hilary Dreiling
$1,299,900 (USD)
Central Area Multifamily
Active
2011 E James Street Seattle, WA 98122
Bed
0 Baths
2300 sqft
MLS# 2471407
Welcome to the one you didn't know you were looking for! Legal duplex on a quiet tree-lined street in the sought-after Central Area holds huge potential for owner-occupancy (rental income offsets your mortgage), or investors with current AirBnB on one side and long-term tenants on the other. Sited on a premier corner lot, this historic 1906 treasure features two 3BR/1BA units with full basements, gated parking & large shared yard with mature trees for privacy. Both main floor living areas feature charming built-ins, large windows, separate dining space, and eat-in kitchens. Upstairs both units feature a 3/4 bathroom and all three bedrooms on the same level. New double-pane windows, updated kitchens & baths, and separate laundry areas make both units comfortable and efficient. Commuting is a breeze from here, and restaurants, transit, parks, hospitals, schools and more are just outside your door. Development potential on the large lot (buyer to verify) while collecting rent, or renovate the whole home to suit you. One long-term tenant lease in place through 8/31/26. AirBnB income over $65K since mid-2024 launch; income statements and lease available, furniture negotiable. Cap rate/calculations based on proforma rate, buyer to verify all details.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Hilary Dreiling
$1,249,000 (USD)
Marine View Park Area Residential
Active
1298 SW 301st Street Federal Way, WA 98023
4 Bed
3 Baths
3300 sqft
MLS# 2473286
Welcome to this Pacific Northwest property overlooking an expansive & mesmerizing panorama of Puget Sound, Olympics & island vistas. Fully remodeled for an effortless & easy living, the home offers, if desired, a stairless lifestyle. The first floor unfolds onto living/dining, 4 bedrooms -including a spacious view, primary suite + 3 additional bedrooms- and a den. The daylight level, with its second kitchen & lounging area, flows into versatile space, ideal for guests, future ADU, flex room, home office. Thoughtfully reimagined from top to bottom, the house blends timeless finishes to modern functionality. Walls of windows & sliding doors generate a light-filled interior which flows onto deck & patio for a perfect indoor-outdoor feel. Watch eagles fly at eye level or world-traveled vessels sail along while cooking & entertaining. The 0.9-acre lot is open to your imagination: build a 2nd dwelling on the lower part of the parcel (the sewer connection is on the street), continue the process of subdividing started by the homeowner, or simply create your own garden sanctuary complete with pool. With its access to the private community beach park minutes away, the property enjoys waterfront qualities. Among other highlights: a generous attached shop, 2-car garage, ample driveway + street parking. Conveniently located close to Redondo with its celebrated boardwalk as well as transit & major routes, the property benefits from easy commuting while offering a peaceful coastal setting.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Veronique Hval
$420,000 (USD)
Madison Park Area Condominium
Active
1800 43rd Avenue E 105 Seattle, WA 98112
0 Bed
1 Baths
364 sqft
MLS# 2211689
This studio was fully remodeled in 2024 and offers prime waterfront living with a beautiful, unobstructed view of the lake, Madison Park, Bellevue skyline & mountains, just steps from all that this coveted community has to offer! This light-filled unit features an oversized picture window overlooking the water with hardwood floors, all new kitchen with quartz counters and stainless steel appliances, newly remodeled full bath and large closet. Designated one car parking is secure, laundry room, private storage and community dock offers day moorage, paddle boarding & kayaking. This fantastic location is convenient to downtown, 520 & public transit. No rental cap makes this a great investment or an easy pied-a-terre to experience city living.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Liz Suver