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
See this Listing
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
- Address2138 SW 305th Street -2362 Federal Way WA
- SubdivisionAdelaide
- CityFederal Way
- CountyKing
- Zip Code98023
Subdivisions in Federal Way
- Adelaide
- Alderbrook
- Auburn
- Buenna
- Campus Highlands
- Central Federal Way
- Dash Point
- Dumas Bay
- Enchanted Village
- Federal Way
- Jovita
- Lakota
- Laurelwood
- Madrona
- Marine Hills
- Marine View Park
- Milton
- Mirror Lake
- North Lake
- Northshore
- Panther Lake
- Park Trails
- Redondo
- Regency Woods
- Ridgeview
- S Federal Way
- Star Lake
- Steel Lake
- Twin Lakes
- Wedgewood
- West Campus
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.
Similar Listings Nearby
Listing courtesy of Coldwell Banker DanforthThe database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Oct-28-2026 12:40:08 pm. © 2026 NWMLS.
2138 SW 305th Street -2362
Federal Way, WA


