4950 S 298th St Unit 98001 Federal Way, WA 98001
Estimated payment $3,721/month
About This Lot
Prime Development Opportunity! Approved permits in hand for an 8-unit multifamily project featuring thoughtfully designed 1-bedroom, 1-bath units perfect for strong rental demand. Located in a thriving neighborhood with excellent access to amenities, transit, and major highways. Offering a flexible turnkey solution for developers or investors. This fully permitted project is ready for immediate groundbreaking, with potential to convert the units into condos and sell individually—maximizing your investment options in a high-demand market!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2441934
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,005
Lot Details
- 2.38 Acre Lot
- Zoning described as Multi-Family,Residential
Schools
- Camelot Elementary School
- Kilo Jnr High Middle School
- Thomas Jefferson Hig High School
Utilities
- Sewer in Street
Community Details
- No Home Owners Association
- Auburn Subdivision
Listing and Financial Details
- Assessor Parcel Number 0321049132
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,005 | $203,000 | $203,000 | -- |
| 2023 | $2,392 | $210,000 | $210,000 | $0 |
| 2022 | $2,523 | $247,000 | $247,000 | $0 |
| 2021 | $2,492 | $213,000 | $213,000 | $0 |
| 2020 | $2,264 | $196,000 | $196,000 | $0 |
| 2018 | $2,445 | $171,000 | $171,000 | $0 |
| 2017 | $2,223 | $163,000 | $163,000 | $0 |
| 2016 | $2,198 | $147,000 | $147,000 | $0 |
| 2015 | $2,063 | $140,000 | $140,000 | $0 |
| 2014 | -- | $135,000 | $135,000 | $0 |
| 2013 | -- | $135,000 | $135,000 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $675,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $160,000 | First American | |
| Warranty Deed | $145,000 | Transnation Ti | |
| Warranty Deed | -- | Stewart Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $145,000 | Seller Take Back |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2441934
APN: 032104-9132
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.
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
- 4950 S 298th St
- 29918 49th Ln S Unit 5
- 5318 S 301st Ct
- 0 364 Xx 48th Ave S
- 29317 44th Place S
- 30017 42nd Place S
- 29104 55th Ave S
- 29501 40th Place S
- 28820 52nd Place S
- The Scarlet Plan at West Hill
- The Sterling Plan at West Hill
- 29432 59th Ave S
- 360 XX 58th Place S
- 5894 S 294th St
- 5615 S 305th St
- 6021 S 298th Place
- 4834 S 308th St
- 28602 46th Ave S
- 30431 38th Ave S
- 30 XX S 304th St
- 4702 S 302nd Ln
- 28700 34th Ave S
- 31655 Military Rd S
- 4724 S 272nd St
- 32200 Military Rd S
- 2201 S 312th St
- 31420 23rd Ave S
- 31224 Pete von Reichbauer Way S
- 1811 S 308th Ct
- 28620 Pacific Hwy S
- 30823 18th Ave S
- 28120 18th Ave S
- 30323-30331 15th Ct S
- 2500 S 272nd St
- 27912 Pacific Hwy S
- 2211 S Star Lake Rd
- 1405 S 308th St
- 31701 Pete von Reichbauer Way S
- 2136 S 272nd St
- 1107 A St NE