$779,000
Est. $4,315/mo2,410 sq ft
33020 22nd Place S, Federal Way, WA 98003
• Listed Sep 10, 2026•42 days active · 42 cumulative
Listing Broker: eXp Realty; Thai Nguyen; 206-718-0237; thai@agentinvestorgroup.com
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Listing Broker: eXp Realty; Thai Nguyen; 206-718-0237; thai@agentinvestorgroup.com
About this home
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.
Listed by Thai Nguyen • eXp Realty
Listing updated: September 24, 2026 at 06:09pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2571811
Around this home
How much should you offer?
33020 22nd Place S, Federal Way, WA 98003
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- Duplex
Flooring
- Laminate
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Lake Dolloff Elementary SchoolPublic · Grades PK-5 · State rank 953 of 1,1382/10
- Sequoyah Middle SchoolPublic · Grades 6-8 · State rank 437 of 5142/10
- Todd Beamer High SchoolPublic · Grades 9-12 · State rank 324 of 3962/10
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.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units in building
- 2
- Units below grade
- false
- Building square feet
- 2,410 sq ft
Income & expenses
- Gross scheduled income
- $56,700
- Total monthly income
- $2,425
- Gross adjusted income
- $56,700
- Net operating income
- $47,290
- Cap rate
- 16.47%
- Gross rent multiplier
- 13.74
- Vacancy rate
- 50%
- Total expenses
- $9,410
- Insurance
- $1,780
- Water / sewer / garbage paid by
- 1584
Parking & storage
- Parking spaces
- 2
- Uncovered parking
- 2
Taxes & assessment
- Annual taxes
- $6,046
- Tax year
- 2025
- Financing
- Cash, Conventional, FHA
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 33020 22nd Place S
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Aug 21, 2026ListedNWMLS via MLS Grid · #2571811$779,000$323/sq ft
- Jun 29, 2000PendingNWMLS via MLS Grid · #20042521$184,499$77/sq ft
- Jun 29, 2000Price reducedNWMLS via MLS Grid · #20042521$184,499$77/sq ft
- Jun 28, 2000SoldNWMLS via MLS Grid · #20042521$180,000$75/sq ft
- Apr 9, 2000ListedNWMLS via MLS Grid · #20042521$184,950$77/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$5,014 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: eXp Realty; Thai Nguyen; 206-718-0237; thai@agentinvestorgroup.com
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 69 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 18, 2026 at 2:16 PM PT (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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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