$559,950
Est. $2,855/mo3 bd•2 ba•1,440 sq ft
31327 12th Place S, Federal Way, WA 98003
• Listed 2026-07-29•New today
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Based on information submitted to the MLS GRID as of July 29, 2026 at 09:27pm (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Welcome to this beautifully updated Federal Way property, ideally located just minutes from shopping, dining, and commuter routes. Featuring a versatile layout with a fully separate ADU, this home offers the perfect opportunity for multigenerational living, supplemental rental income, or a savvy investment. The main home and ADU have been thoughtfully updated within the last two years to include updated kitchens, flooring, bathrooms, and a new roof! NEW EXTERIOR PAINT PENDING/OR SELLER CREDIT! Outside, you’ll find both a large fully fenced front yard and backyard. Whether you’re looking to offset your mortgage with rental income or expand your investment portfolio, this property delivers exceptional flexibility. The main home has a strong rental history at approximately $2,290 per month, while the ADU has rented for approximately $1,350 per month, creating an attractive income-producing opportunity.
Listed by Evann Grealish • Better Properties UP/Fircrest
Listing updated: July 29, 2026 at 09:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2560731
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
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Open Sat, Aug 1 +1
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Open Sat, Aug 1$582,000
+$22,050 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $435K and $724K.
Rental earnings
$1,750/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$525,000Last sold price
1220 S 313th Street, Federal Way, WA 98003
$540,000Last sold price
822 S 308 Street, Federal Way, WA 98003
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
31327 12th Place S, Federal Way, WA 98003
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,437 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 16 days.
$913,195 Sold
6 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
0.7 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
3 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
0.8 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
0.6 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 Jul 2026
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.
