2138 SW 305th Street -2362 Federal Way WA 98023 | MLS #NWM2589768

2138 SW 305th Street -2362
Federal Way, WA, 98023
$625,000
4 Beds
3 Baths
1,800 SqFt
0.5 Acres
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Listing Provided Courtesy of Gina Lane at Coldwell Banker Danforth
Don’t PASS us up because of DOM, WE have a NEW price and more information to share the great featured investment possibilities..Located in desirable West Federal Way near the Dash Point area, this beautifully maintained 4-bedroom, 2-bath home offers 1,800 sq ft of flexible living on an incredible half-acre lot. Surrounded by mature trees and classic Pacific Northwest beauty, the 21,780 sq ft property offers endless possibilities—garden, entertain, create play space, or potentially add a detached garage or shop for additional storage and convenience. The finished lower level features a second kitchen and separate entrance, ideal for multigenerational living, guests, a home office, or additional living space. Enjoy the privacy of your own park-like retreat while staying connected—approximately 20 minutes to Sea-Tac Airport, 10 minutes to Federal Way light rail, and minutes from major King County highways. A rare opportunity combining land, location, versatility, and Northwest living! Easy to convert back single car garage!! Market VALUE on apartment on lower level is estimated at $1850-1950 a month. UPPER level can rent for $2500.00 per month. Hard to find land to add a ADU or DADU for more rental income or additional housing purposes.

Property Details

Price:
$625,000
MLS #:
NWM2589768
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Adelaide
Neighborhood:
110dashpointfederalway
Listed Date:
Oct 1, 2026
Finished Sq Ft:
1,800
Total Sq Ft:
1,800
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1979
Adalaide Park110 – Dash Point/federal Way110dashpointfederalwayAdelaideFederal WayAdelaide ElemLakota Mid SchDecatur HighTerritorial

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Schools

School District:
Federal Way
Elementary School:
Adelaide Elem
Middle School:
Lakota Mid Sch
High School:
Decatur High

Interior

Appliances
Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Trash Compactor, Washer
Bathrooms
2 Full Bathrooms, 1 Three Quarter Bathroom
Cooling
None
Fireplaces Total
1
Flooring
Laminate, Vinyl Plank, Carpet
Heating
Forced Air
Interior Features
Second Kitchen, Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, High Tech Cabling, Water Heater
Levels
Multi/Split

Exterior

Construction Materials
Wood
Direction Faces
North
Exterior Features
Wood
Lot Features
Dead End Street, Value In Land
Parking Features
Driveway, Off Street
Parking Spots
6
Parking Total
6
Roof
Composition
Security Features
Fully Fenced
View
Territorial

Financial

Tax Year
2025
Taxes
$5,035

Map

Community

Market Summary

Current real estate data for Single Family in Federal Way as of Oct 28, 2026
234
Single Family Listed
73
Avg DOM
344
Avg $ / SqFt
$752,144
Avg List Price

Property Summary

    Located in the Adelaide subdivision, 2138 SW 305th Street -2362 Federal Way WA is a Single Family for sale in Federal Way, WA, 98023. It is listed for $625,000 and features 4 beds, 3 baths, and has approximately 1,800 square feet of living space, and was originally constructed in 1979. The current price per square foot is $347. The average price per square foot for Single Family listings in Federal Way is $344. The average listing price for Single Family in Federal Way is $752,144. To schedule a showing of MLS#nwm2589768 at 2138 SW 305th Street -2362 in Federal Way, WA, contact your Best in the West agent at 206-351-5550.

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2138 SW 305th Street -2362
Federal Way, WA