Listed by WeLakeside. Sold by Kelly Right RE of Seattle LLC
Listed by WeLakeside
Status: Sold
1816 S 312th St
Federal Way, WA 98003
Last List Price
$649,000
Sold on Sep 19, 2025
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.
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- Bedrooms
- 2
- Baths
- 2
- House Size
- 1,120 sqft
- Year Built
- 1957
- Lot Size
- 0.6 ac
- School District
- Federal Way
Location
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Interior Information
- cooling
- None
- flooring
- Hardwood
- heating
- Electric
- Forced Air
- view
- City
- Territorial
Exterior Information
- features
- Garden
- fence
- Partial
- roof
- Composition
Property Information
- construction
- Cement Siding
- lot
- Corner Lot
- Paved
- parking
- Attached
- subdivision name
- Federal Way
- utilities
- Cable Available
- Sewer Connected
- water source
- Public
- Listed By Heidi Lee
- (425) 246-1453
- WeLakeside
- (425) 246-1453
- broker@welakeside.com
- MLS 2424886
- Sold by Sandy B. Vuong
- Kelly Right RE of Seattle LLC
- MLS 64244
