$610,000
Listed at $649,0002 bd•1.75 ba•1,120 sq ft
1816 S 312th Street, Federal Way, WA 98003
• Listed 2025-08-28
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Based on information submitted to the MLS GRID as of October 20, 2025 at 04:06am (date and time MLS GRID Data was obtained). 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.
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Prime development opportunity or those seeking long-term rental income or starter home in the heart of Federal Way! This expansive 26,224 sq ft corner lot is zoned RM-1800, possibly allowing for up to 14 multifamily units—ideal for builders, investors. The property includes a charming 2-bedroom starter home with utilities already on-site (water, sewer, electricity), plus gas available at the street. Located directly across from retail and just minutes from The Commons Mall, I-5 access, and public transit, this site offers unbeatable convenience and walkability. Whether you're looking to build now or hold for future appreciation, this parcel delivers flexibility, location, and upside.
Listed by Heidi Lee • We Lakeside
Listing updated: October 20, 2025 at 04:06am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2424886
Open houses
No upcoming open houses scheduled for this property.
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Federal Way School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$913,195 Sold
7 weeks ago
5 bd•3.25 ba•~2,790 sq ft•Single Family
30317 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.6 mi
Distance
$505,000 Sold
3 months ago
3 bd•1 ba•~1,370 sq ft•Single Family
30212 10th Avenue S, Federal Way, WA 98003
1%
Over list
—
Days on market
0.8 mi
Distance
$983,950 Sold
3 months ago
5 bd•3 ba•~2,983 sq ft•Single Family
30332 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.8 mi
Distance
$634,990 Sold
4 months ago
4 bd•1.75 ba•~1,540 sq ft•Single Family
30041 14th Avenue S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.7 mi
Distance
$1,000,000 Sold
4 months ago
5 bd•3.5 ba•~3,580 sq ft•Single Family
30714 19th Avenue S, Federal Way, WA 98003
3%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
