31021 20th Avenue S, Federal Way, WA 98003

Federal Way
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: brooks glenn
Office: windermere real estate co.
MLS#:2513002
Source:NWMLS
31021 20th Avenue S,Federal Way, WA 98003
$400,000
  • 1 Beds
  • - Baths
  • 720 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$400,000
  • Price per sq. ft.:$555.56

About this home

Opportunity is knocking with this expansive 0.69-acre (approx. 30,000 sq ft) parcel in the sought-after Steel Lake area. This is a true teardown, (720 square-foot single family home), making it the perfect blank canvas for your next project—whether you're a first-time investor looking to get into development or a seasoned builder ready to maximize potential. Zoned RS7.2, the property offers strong subdivision potential for multiple single-family homes/Townhomes, (buyer to verify), giving you flexibility to build and scale in an established neighborhood. Large, usable lots like this are becoming increasingly rare—especially in a location close to shopping, schools, and major commuter routes. An incredible opportunity to create value from the ground up. Bring your vision, your plans, and your ambition—this is where your next project begins.

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Home facts

  • Year built:1947
  • Subdivision & Development:Federal Way
  • Listing ID #:2513002
  • Updated:July 31, 2026 at 02:43 AM

Rooms and interior

  • Bedrooms:1
  • Full bathrooms:1
  • Bedroom Description:Main Level Bedrooms : 1
  • Living area:720 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1947
  • Building area:720 sq. ft.
  • Lot area:0.69 Acres
  • Construction Materials:Metal/Vinyl Exterior Finish, Stone Exterior Finish
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Available

Finances and disclosures

  • Price:$400,000
  • Price per sq. ft.:$555.56
  • Tax amount:$3,820 (2025)

Parking

  • Total parking spaces:2
  • Parking description:Attached Garage
  • Garage:Yes
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