30853 14th Ave S

16.5
Baths
9,612 Sq. Ft.
$291 / Sq. Ft.
9,612
Sq. Ft.
$291
per Sq. Ft.

Description

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 close to the 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...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 close to the 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.
  1. Listed by Shavic Jones • Windermere Real Estate Co.
  2. Listed by Jason Jaber • Windermere Real Estate Co.

Property Details for 30853 14th Avenue South

Community Name
Federal Way
School District
Federal Way
Number of Assigned Spaces
0
Total Covered Parking
3
Entry Date
12-01-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/15/2026 07:58 AM

Property Details for 30853 14th Avenue South

StatusActive
MLS #2458412
Days on Market83
Cumulative Days on Market368
Taxes$25,060 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.71 AC / 31,050 SF
CountyKing County

Location

Listing Courtesy of Windermere Real Estate Co.
Add your commute

Building Information for 30853 14th Avenue South

Stories2Residences16Year Built1958Building Size-Lot Size0.71 AC / 31,050 SF

Payment Calculator

$15,711 per month

30 year fixed, 6.15% Interest

Principal and Interest

$13,622

Property Taxes

$2,088

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 30853 14th Avenue South

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 110 - Dash Point/Federal Way
  • Directions: From 99 South turn right on S 312th St, Right on 14th Ave S, building on Left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 3.0
  • Carport: No
  • Open Parking Spaces: 18.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Brick
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 16429.88
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • First Right Of Refusal: false
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 9
Lot Information
  • Lot Details: Curbs, Open Space, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 0821049138
  • Calculated Square Footage: 9612
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 9612.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 18
  • Number of Uncovered Spaces: 18
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 16
  • Units Below Grade: false
  • Units In Building Total: 16
Financing / Income and Expenses
  • Electric Expense: $4,187
  • Total Expenses: 105805.85
  • Gross Adjusted Income: 286320
  • Gross Rent Multiplier: 9.76
  • Gross Scheduled Income: $286,320
  • Insurance Expense: $8,828
  • Net Operating Income: $180,514
  • Other Expenses: $51,301
  • Total Monthly Income: 23860
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Square Feet Unit 1: 600
  • Rent Unit 1: $1,450.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Square Feet Unit 2: 600
  • Rent Unit 2: $1,450.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Square Feet Unit 3: 600
  • Rent Unit 3: $1,450.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Square Feet Unit 4: 600
  • Rent Unit 4: $1,450.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Square Feet Unit 5: 600
  • Rent Unit 5: $1,450.00
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Square Feet Unit 6: 450
  • Rent Unit 6: $1,195.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Square Feet Unit 7: 450
  • Rent Unit 7: $1,225.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8
  • Square Feet Unit 8: 450
  • Rent Unit 8: $1,195.00
  • Bedrooms Unit 8: 1
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 9
  • Square Feet Unit 9: 450
  • Rent Unit 9: $1,195.00
  • Bedrooms Unit 9: 1
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 10
  • Square Feet Unit 10: 600
  • Rent Unit 10: $1,450.00
  • Bedrooms Unit 10: 2
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 11
  • Square Feet Unit 11: 600
  • Rent Unit 11: $1,450.00
  • Bedrooms Unit 11: 2
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 12
  • Square Feet Unit 12: 600
  • Rent Unit 12: $1,450.00
  • Bedrooms Unit 12: 2
  • Bathrooms Unit 12: 1
Unit 13
  • Name Unit 13: 13
  • Square Feet Unit 13: 670
  • Rent Unit 13: $1,455.00
  • Bedrooms Unit 13: 2
  • Bathrooms Unit 13: 1
Unit 14
  • Name Unit 14: 14
  • Square Feet Unit 14: 600
  • Rent Unit 14: $1,425.00
  • Bedrooms Unit 14: 2
  • Bathrooms Unit 14: 1
Unit 15
  • Name Unit 15: 15
  • Square Feet Unit 15: 600
  • Rent Unit 15: $1,350.00
  • Bedrooms Unit 15: 2
  • Bathrooms Unit 15: 1
Unit 16
  • Name Unit 16: 16
  • Square Feet Unit 16: 950
  • Rent Unit 16: $1,795.00
  • Bedrooms Unit 16: 2
  • Bathrooms Unit 16: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9420.0

Property History for 30853 14th Avenue South

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Listed (Active)

NWMLS #2458412

$2,795,000—
Jan 28, 2019

Sold (Public Record)

Public Record #638460303

$2,465,000

+22.9% / yr

Jan 28, 2019

Sold

NWMLS #1371143

$2,465,000—
Dec 4, 2018

Pending

NWMLS #1371143

—
Oct 4, 2018

Listed (Active)

NWMLS #1371143

$2,600,000—
Jul 19, 2017

Sold (Public Record)

Public Record #601169536

$1,800,000

+5.1% / yr

Aug 16, 2005

Sold (Public Record)

Public Record #163453155

$1,000,000

+5.2% / yr

May 29, 2002

Sold (Public Record)

Public Record #93577619

$850,000—
May 29, 2002

Sold

NWMLS #22009146

$850,000—
Jan 30, 2002

Pending

NWMLS #22009146

—
Jan 17, 2002

Listed (Active)

NWMLS #22009146

$850,000—
DateEvent & SourcePrice
12/01/2025

Listed (Active)

NWMLS #2458412

$2,795,000
01/28/2019

Sold (Public Record)

Public Record #638460303

$2,465,000

+22.9% / yr

01/28/2019

Sold

NWMLS #1371143

$2,465,000
12/04/2018

Pending

NWMLS #1371143

—
10/04/2018

Listed (Active)

NWMLS #1371143

$2,600,000
07/19/2017

Sold (Public Record)

Public Record #601169536

$1,800,000

+5.1% / yr

08/16/2005

Sold (Public Record)

Public Record #163453155

$1,000,000

+5.2% / yr

05/29/2002

Sold (Public Record)

Public Record #93577619

$850,000
05/29/2002

Sold

NWMLS #22009146

$850,000
01/30/2002

Pending

NWMLS #22009146

—
01/17/2002

Listed (Active)

NWMLS #22009146

$850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 30853 14th Avenue South

Taxable ValueLand$496,800Additions$1,912,200Total$2,409,000
Tax Record2024$27,351 ($2,279 / month)
Home Facts
Total Finished SqFt9,424 SqFtAbove Ground SqFt9,424 SqFtStories2Lot Size31,050 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1995ZoningRM1800CountyKINGAPN082104-9138

Schools near 30853 14th Avenue South

This home is within Federal Way School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Nautilus Elementary School
PublicK to 8

Sacajawea Middle School
Public6 to 8

Federal Way Senior High School
Public9 to 12

Career Academy At Truman High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

30853 14th Avenue South is a multi-family home for sale in Federal Way, WA 98003. This property was listed for sale on December 1, 2025 by Windermere Real Estate Co., it's currently listed at $2,795,000. It has been on the market for a total of 83 days and was last sold on January 28, 2019. This listing's school district is Federal Way School District. Nearby schools include Nautilus Elementary School, Sacajawea Middle School and Federal Way Senior High School. 30853 14th Avenue South is a 28-bed, 16.5-bath, 9,612 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate Co.

Based on information submitted to the MLS GRID as of 01/15/2026 07:58 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.