$520,000
ActiveListing provided by Antonio Calimano Montanez, Orchard Brokerage, LLC
3
Beds
3
Baths
1,910
Sq Ft
0
DOM
About this property.
Calling all visionaries, contractors, and value-add investors! This split-level home in a quiet, established Federal Way neighborhood is a rare opportunity to build serious equity through sweat and smart renovation. Originally built in 1976, this 3-bedroom home offers a classic split-level layout with distinct living spaces on each level — a floor plan that has stood the test of time and just needs your vision to shine again.Yes, this home needs love — plenty of it — but that's exactly where the opportunity lies. Priced to reflect its condition, this is your chance to secure a home in a desirable pocket of Federal Way at a fraction of market-ready pricing, then customize every finish to your own taste.This location works in your favor: tucked into an established residential street with mature landscaping and long-time neighbors, it's convenient to Highway 99 and I-5 for an easy commute, and just minutes from Dash Point State Park and Beach, French Lake Off-Leash Dog Park, and Alderdale Park. Everyday essentials are close by too, with Safeway, Fred Meyer, and QFC nearby, along with local favorites like Bigfoot Java and JP's Tavern. Federal Way's housing market has shown strong, consistent demand, making this a smart long-term hold or flip.The bones are here — the potential is yours to unlock. Whether you're an investor looking for your next project, a contractor ready to add value, or a buyer with a vision and some DIY grit, this split-level offers the space and structure.
Property details.
Features.
Interior
Exterior
Heating
Cooling
Flooring
Sewer
Water Source
Site Features
Agent information.
Drive time
From this home
Mt. Baker Ski Area
Galbraith Mountain
Village Books
Slothy
Schedule a Showing
Pick a day and time, and we’ll follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Antonio Calimano Montanez, Orchard Brokerage, LLC
Courtesy of Orchard Brokerage, LLC
Source: NWMLS, MLS#: 2561710
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 08/01/2026, 15:31:26 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.
Listed by Antonio Calimano Montanez, Orchard Brokerage, LLC
$520,000
Active2221 SW 306th Pl, Federal Way, WA 98023
3
Beds
3
Baths
1,910
Sq Ft
0.23
Lot Acres
1976
Year Built
0
Days on Market
About This Property
Calling all visionaries, contractors, and value-add investors! This split-level home in a quiet, established Federal Way neighborhood is a rare opportunity to build serious equity through sweat and smart renovation. Originally built in 1976, this 3-bedroom home offers a classic split-level layout with distinct living spaces on each level — a floor plan that has stood the test of time and just needs your vision to shine again.Yes, this home needs love — plenty of it — but that's exactly where the opportunity lies. Priced to reflect its condition, this is your chance to secure a home in a desirable pocket of Federal Way at a fraction of market-ready pricing, then customize every finish to your own taste.This location works in your favor: tucked into an established residential street with mature landscaping and long-time neighbors, it's convenient to Highway 99 and I-5 for an easy commute, and just minutes from Dash Point State Park and Beach, French Lake Off-Leash Dog Park, and Alderdale Park. Everyday essentials are close by too, with Safeway, Fred Meyer, and QFC nearby, along with local favorites like Bigfoot Java and JP's Tavern. Federal Way's housing market has shown strong, consistent demand, making this a smart long-term hold or flip.The bones are here — the potential is yours to unlock. Whether you're an investor looking for your next project, a contractor ready to add value, or a buyer with a vision and some DIY grit, this split-level offers the space and structure.
Property Details
Features
Interior
Exterior
Heating
Cooling
Flooring
Sewer
Water Source
Site Features
Agent Information
Drive time
From this home
Mt. Baker Ski Area
Galbraith Mountain
Village Books
Slothy
Schedule a Showing
Pick a day and time, and we’ll follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Antonio Calimano Montanez, Orchard Brokerage, LLC
Courtesy of Orchard Brokerage, LLC
Source: NWMLS, MLS#: 2561710
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 08/01/2026, 15:31:26 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.