33020 22nd Place S, Federal Way, WA 98003
- $779,000
- 2,410
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $779,000
- Status
- ACTIVE
- MLS#
- 2571811
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,410
- Area Total SqFt
- 2410
- Annual Tax Ammount
- 6046
- Lot Size (sq ft)
- 7,548
- Sewer
- Sewer Connected
Property Description
Investment OPPORTUNITY ALERT!! Townhouse Style Duplex featuring spacious 2,410 sq. ft across two two-story, 3-bedroom, 1.5-bathroom units, perfect for homeowners and investors alike. Each unit is 1,205 sq. ft, offering generous living space. Unit 33022 has been recently updated with new flooring, fresh paint, modern appliances, and a fully remodeled kitchen and bathroom. Each unit comes equipped with a washer and dryer for your convenience. Enjoy your morning coffee on the deck overlooking a fully fenced backyard, ideal for privacy and outdoor activities. The other unit, 33020, is currently rented, providing immediate income. Situated in a quiet cul-de-sac, this home offers easy maintenance while being conveniently close to everything Federal Way has to offer. You'll find top-notch schools like Lake Dolloff Elementary and Todd Beamer High. Nearby parks, shopping centers, and dining options enhance the appeal of this vibrant community. This move-in-ready duplex provides a unique lifestyle opportunity, live in one unit while generating income from the other.
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Additional Information
- List Date
- 2026-08-21 21:43:13
- Community
- Federal Way
- Net Operating Income
- $47,290
- Gross Adjusted Income
- $56,700
- Gross Scheduled Income
- $56,700
- Total Monthly Income
- $2,425
- Insurance Expenses
- $1,780
- Water/Sewer/Garbage Expenses
- $1,584
- Gross Rent Multiplier
- 13.74
- Total Expenses
- $9,410
- Cap Rate
- 16.47
- Vacancy Rate
- 50
- Total Number of Units
- 2
- Unit Name
- 33020
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1979
- Roof
- Composition
- Energy Source
- Electric
- School District
- Federal Way
- Elementary School
- Lake Dolloff Elem
- Middle School
- Sequoyah Mid Sch
- High School
- Todd Beamer High
- Total Monthly Income
- $2,425
- Gross Scheduled Income
- $56,700
- Vacancy Rate
- 50
- Gross Adjusted Income
- $56,700
- Tax Year
- 2025
- Insurance Expense
- $1,780
- W/S/G Expenses
- $1,584
- Total Expenses
- $9,410
- Net Operating Income
- $47,290
- Gross Rent Multiplier
- 13.74
- Cap Rate
- 16.47
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.