1728 South 305th Place
1728 South 305th Place
Federal Way, WA 98003
$1,695,000
Price
13
Beds
7
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Zaran Sayre & Associates, Inc.
Description
Seven Unit Residential Complex in the heart of Federal Way. Fully occupied, 5.86 cap rate. Four of the units have been re-modeled. The Light Rail Station is coming soon, and the A line Bus is steps away. These affordable units are ideal for commuters. Historically in high demand with low vacancy rate. Do not disturb or talk with tenants please. Inspection, viewing/walk-through after mutual acceptance.Seven Unit Residential Complex in the heart of Federal Way. Fully occupied, 5.86 cap rate. Four of the units have been re-modeled. The Light Rail Station is coming soon, and the A line Bus is steps away. These affordable units are ideal for commuters. Historically in high demand with low vacancy rate. Do not disturb or talk with tenants please. Inspection, viewing/walk-through after mutual acceptance.
- Listed by Sandee Baker • Zaran Sayre & Associates, Inc.
Property Details for 1728 South 305th Place
Community Name
Central Federal Way
School DistrictFederal Way
Number of Assigned Spaces13
Total Covered Parking0
Entry Date04-02-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Zaran Sayre & Associates, Inc.![]()
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LISTING UPDATED: 04/11/2024 08:27 AM
Property Details for 1728 South 305th Place
| Status | Active |
|---|---|
| MLS # | 2217743 |
| Days on Market | 31 |
| Cumulative Days on Market | 281 |
| Taxes | $12,293 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1977 |
| Lot Size | 0.23 AC / 9,884 SF |
| County | King County |
Location
Listing Courtesy of Zaran Sayre & Associates, Inc.![]()
Add your commute
Building Information for 1728 South 305th Place
Stories2Residences7Year Built1977Building Size-Lot Size0.23 AC / 9,884 SF
Payment Calculator
$10,275 per month
30 year fixed, 7.25% Interest
Principal and Interest
$9,250
Property Taxes
$1,024
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1728 South 305th Place
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 110 - Dash Point/Federal Way
- Directions: From Pacific Highway South, East on S 305th Pl to building on left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 13.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Wood
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 4200
- Power Company: PSE
- Sewer Company: Lakehaven
- Water Company: Lakehaven
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 15
Lot Information
- Lot Number: 11
- Lot Size Source: KCR
- Parcel Number Free Text: 2558170110
- Building Condition: Good
- Calculated Square Footage: 0
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 0.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 13
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 7
- Units Below Grade: false
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 21605
- Gross Adjusted Income: 119868
- Gross Rent Multiplier: 14.14
- Gross Scheduled Income: $119,868
- Insurance Expense: $3,000
- Net Operating Income: $98,263
- Other Expenses: $2,112
- Total Monthly Income: 9989
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Rent Unit 1: $1,495.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Rent Unit 2: $1,595.00
- Bedrooms Unit 2: 3
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Rent Unit 3: $1,495.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Rent Unit 4: $1,595.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: E
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Rent Unit 5: $1,395.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: F
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Rent Unit 6: $1,102.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: G
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Rent Unit 7: $1,312.00
- Bedrooms Unit 7: 2
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5276.0
- Leasable Area Units: Square Feet
Property History for 1728 South 305th Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1728 South 305th Place
Taxable ValueLand$225,000Additions$1,016,000Total$1,241,000
Tax Record2022$12,371 ($1,031 / month)
Home Facts
Total Finished SqFt5,271 SqFtAbove Ground SqFt5,271 SqFtStories2Lot Size9,884 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Year Renovated1996ZoningRM1800CountyKINGAPN255817-0110
Schools near 1728 South 305th Place
This home is within Federal Way School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Wildwood Elementary School PublicPK to 5 | ||
Sacajawea Middle School Public6 to 8 | ||
Federal Way Senior High School Public9 to 12 | ||
Internet Academy PublicPK 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.
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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Zaran Sayre & Associates, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.