Prime opportunity in Federal Way! Conveniently located just minutes from I-5, Hwy 167, and all major shopping centers, this property offers both unbeatable accessibility and investment potential. The City has committed to extending sewer access to the area by the end of 2026 — once completed, the lot allows for the construction of two duplexes, making it ideal for builders, investors, or those looking to create strong rental income potential. A rare combination of location, convenience, and future development value. Don’t miss your chance to secure one of Federal Way’s most promising opportunities!
Active
Listed by: John L. Scott, Inc
$249,995
32227 Military Road S, Federal Way, WA 98001
--beds
--baths
10,267.09Square Feet
Unimproved Land
Built in ----
10,267.09 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 47 days |
- 103 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: January 15, 2026 at 03:03pm
Listed by:
Richard Bezus,
John L. Scott, Inc
Source: NWMLS,MLS#: 2468639
Facts & features
Interior
Property
Lot
- Size: 10,267.09 Square Feet
Details
- Parcel number: 2368100200
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: On Property
- Sewer: Not Available
- Water: On Property
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Federal Way
Location
- Region: Auburn
Financial & listing details
- Tax assessed value: $121,000
- Annual tax amount: $1,113
- Date on market: 1/14/2026
- Cumulative days on market: 49 days
- Listing terms: Cash Out,Conventional
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$2,466/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2026 | Listed for sale | $249,995+19.6% |
Source:  NWMLS #2468639 Report a problem | ||
| 4/20/2021 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 3/6/2021 | Listed for sale | $208,950+17.2% |
Source: RE/MAX Northwest Realtors #1720696 Report a problem | ||
| 8/16/2019 | Sold | $178,300+48.6% |
Source: Public Record Report a problem | ||
| 1/18/2008 | Sold | $120,000+166.7% |
Source: NWMLS #27211025 Report a problem | ||
| 3/30/2006 | Sold | $45,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,114 +0.6% | $121,000 +16.3% |
| 2023 | $1,107 +4.2% | $104,000 -6.3% |
| 2022 | $1,062 +7% | $111,000 +23.3% |
| 2021 | $993 +5.5% | $90,000 +12.5% |
| 2020 | $941 +0.3% | $80,000 |
| 2019 | $938 +3.7% | $80,000 |
| 2018 | $905 -0.5% | $80,000 +23.1% |
| 2017 | $909 -1.8% | $65,000 |
| 2016 | $926 | $65,000 |
| 2015 | $926 | $65,000 |
| 2014 | $926 | $65,000 +4.8% |
| 2013 | $926 | $62,000 |
| 2012 | -- | $62,000 -11.4% |
| 2011 | -- | $70,000 -5.4% |
| 2010 | -- | $74,000 |
| 2009 | -- | $74,000 +13.8% |
| 2007 | -- | $65,000 +109.7% |
| 2006 | -- | $31,000 |
| 2005 | -- | $31,000 +6.9% |
| 2001 | $392 -2.9% | $29,000 |
| 2000 | $403 | $29,000 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 98001
Nearby schools
GreatSchools rating
- 3/10Lake Dolloff Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Sequoyah Middle SchoolGrades: 6-8Distance: 2.4 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 3 mi
Local experts in 98001
- Washington
- King County
- Federal Way
- 98001
- 32227 Military Road S
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Nearby neighborhoods
Nearby zip codes
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