Listed by Windermere Real Estate Co.
$2,995,000

30853 14th Ave S Federal Way, WA 98003

Mirror Lake Neighborhood

Estimated payment $18,566/month

Total Views 14,021
28 Beds
17 Baths
9,612 Sq Ft
$312 Price per Sq Ft

Highlights

  • 0.71 Acre Lot
  • Open Space
  • Baseboard Heating
  • No HOA

About This Home

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 will be close to the future 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 Agent

Shavic Jones

Windermere Real Estate Co. License #17224 Listed on: 01/21/2025

Windermere Real Estate Co.

Co-Listing Agent

Jason Jaber

Windermere Real Estate Co. License #127273

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2324874

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,351

Year Built

  • Built in 1958

Lot Details

  • 0.71 Acre Lot
  • Open Space

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 9,612 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 17 Bathrooms

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0821049138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,351

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • Buyer Agency Compensation: 2
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 9612
  • Special Features: None
  • Cumulative Days on Market: 224

Interior Features

  • Total Bedrooms: 28
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • Lot Features: Curbs, Open Space, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 18
  • Open Parking: Yes
  • ParkingUncoveredSpaces: 18

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 14728.31

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 0821049138
  • Lot Size Acres: 0.7128
  • Lot Size Sq Ft: 31050
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.67
  • LeasedItems: None
  • TotalMonthlyIncome: 280704

Multi Family

  • Gross Scheduled Income: 280704
  • Net Operating Income: 185555
  • Number Of Units Total: 16
  • Electric Expense: 3464.27
  • Insurance Expense: 5807
  • Leasable Area: 9420
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 27350.76

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 For Sale $2,995,000 -- $312 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2324874

Northwest Multiple Listing Service (NWMLS)
Washington King County Federal Way 98003 Mirror Lake

30853 14th Ave S, Federal Way, WA

This home is located at 30853 14th Ave S, Federal Way, WA 98003 and is currently priced at $2,995,000, approximately $311 per square foot. This property was built in 1958. 30853 14th Ave S is a home located in King County with nearby schools including Nautilus K-8 School, Sacajawea Middle School, and Federal Way High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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 is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Shavic Jones
Listing Agent
Shavic Jones
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Windermere Real Estate Co.
(253) 600-4393