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For Sale 78 Days Online
$380,000
Originally $450,000
4.78 Acres Lot
No Garage
Investor - Developer Opportunity. Zoned for Moderate Density Multifamily, this 4.78-acre transit-oriented development site offers exceptional potential just south of the Kent Des Moines light rail station and adjacent to Interstate 5. Zoning allows multiple residential uses, including single family, townhomes, and multi-family, with up to 16 units per acre outside wetland buffers. A daycare is also permitted. With a city variance, the site may allow up to a to be determined unit count. Three-story garden-style multifamily development. The wetland study identifies approximately 18,400 square feet of net usable area, which may allow for 6–7 units. With buffer averaging and mitigation, usable area could potentially increase to approximately 37,000 square feet, supporting 12–13 units or more (subject to approvals). Sewer, city water, power, phone, existing sidewalks, curb on the street frontage. SIGN COMING.
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2488080
Listed by
David R Knight, KW Mountains to Sound Realty
Contact our
Kent
Real Estate Lead
TPG Realty | Keller Williams
Phone...
Property History
May 06, 2026
Price Reduction arrow_downward
$380,000
NWMLS #2488080
Mar 30, 2026
Price Reduction arrow_downward
$430,000
NWMLS #2488080
Mar 06, 2026
Listed
$450,000
NWMLS #2488080
More
Listing Details
  • Status
    For Sale
  • Price
    $380,000
  • Original Price
    $450,000
  • List Date
    March 6, 2026
  • Last Status Change
    March 6, 2026
  • Last Update
    May 6, 2026
  • Days on Market
    78 Days
  • Cumulative DOM
    78 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2488080
  • Listing Broker
    David R Knight
  • Listing Office
    KW Mountains to Sound Realty
Monthly Payment Estimate
  • Principal and Interest
    $1,992 / month
  • Property Taxes
    $247 / month
  • Homeowners Insurance
    $89 / month
  • TOTAL
    $2,328 / month

  • based on 20% down
    ($76,000)
  • and a
    6.85% Interest Rate
  • About:
    All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    0 sqft
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Multi-Family
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    4.78 Acres Lot
  • Lot Size Source
    Realist
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2025 Property Taxes
    $2,959 / year
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Federal Way
  • Elementary
    Star Lake Elem
  • Middle
    Evergreen Middle
  • High School
    Thomas Jefferson Hig
HOA
  • HOA Dues
    Unspecified
  • Fees Assessed
    Unspecified
  • HOA Dues Include
    Unspecified
  • HOA Contact
    Unspecified
  • Management Contact
Parking
  • Covered
    Unspecified
  • Has Garage
    No
Views
  • Territorial
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
  • Lot Features
    Paved
    Sidewalk
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash
    Conventional
Utilities
  • Sewer
    Available
    In Street
  • Water Source
    Available
    In Street
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    2.0%
  • MLS Area #
    Area 330
  • Number of Photos
    24
  • Last Modification Time
    Wednesday, May 6, 2026 3:27 PM
  • System Listing ID
    5526313
Update Info
  • Price Reduction
    2026-05-06 15:45:01
  • First For Sale
    2026-03-06 10:15:41
Listing details based on information submitted to the MLS GRID as of Wednesday, May 6, 2026 3:27 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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For Sale 78 Days Online
$380,000     ▼ Price Reduction $50K
Offer Review: Anytime
NWMLS #2488080. David R Knight, KW Mountains to Sound Realty
Map
 
Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.