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    2nd 2Nd Ave SW Federal Way, WA 98023

    For Sale
    $1,750,000

    Land, Other - Federal Way, WA

    Lot size:
    1.85 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 2nd 2Nd Ave SW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    5707800090
    Lot size
    1.85 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    Engel & Völkers Chambers Bay (253) 565-1121 [email protected]

    Listing agent Alicia Dawn Brown (253) 565-1121

    Listing date Nov 13, 2025

    MLS# 2453748 Listing URL

    Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Federal Way Buildable Lots Opportunity

    This is an exceptional development opportunity located in the Mountain View Heights neighborhood. The property comprises five adjacent buildable lots, identified by parcel numbers 5707800090, 5707800100, 5707800110, 5707800120, and 5707800130. These lots, situated at the end of a cul-de-sac on 2nd Ave SW in Federal Way, offer potential mountain views. The combined area of the five lots totals 1.853 acres. The property is zoned residential RS15, and utilities are available in the street. There are no wetlands or floodplain areas on the property. This presents an ideal opportunity for a builder to create a private community or custom homes. The location in King County provides convenient access to the Federal Way Costco, shopping areas, and I-5, facilitating easy travel throughout the region. This is a rare chance to develop in a sought-after area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Building Supply Auto Repair Shop Accounting Firm Daycare Center Kitchen & Bath Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.33683
    Latitude
    47.272633

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    FAQs

    What type of property is this?
    Land - Five adjacent lots totaling 1.853 acres in Federal Way.
    Where is this land located?
    The property is located at 2nd 2Nd Ave SW Federal Way, WA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Exceptional development opportunity: Five adjacent buildable lots totaling 1.853 acres.; - Prime King County location near Federal Way Costco, shopping, and I-5.; - Residential zoning RS15 with utilities in street and no wetlands or floodplain.
    (253) 565-1121
    Request Owner's contact information
    2nd 2Nd Ave SW Federal Way, WA 98023
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    Federal Way, WA 98023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2nd 2Nd Ave SW Federal Way, WA 98023
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