Real Estate Investment Properties for Sale in Federal Way, WA

Looking for investment property in Federal Way, WA with high ROI ?

Explore a variety of short-term homes & houses in Federal Way, WA. Invest wisely with VRBO & Federal Way, WA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Federal Way, WA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2500 S 370th St #189 Federal Way, WA 2500 S 370th St #189, Edgewood, WA 98003 \| Manufactured Home	2 beds \| 2 baths \| 1,850 sq.ft.	$219,999	Airbnb cash on cash: -0.12% Traditional cash on cash: 8.07% Airbnb Rental Income: $802 Traditional Rental Income: $2184 Airbnb ROI: -0.12% Traditional ROI: 8.07%
37558 30th Pl S Federal Way, WA 37558 30th Pl S, Edgewood, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 1,873 sq.ft.	$624,950	Airbnb cash on cash: -0.6% Traditional cash on cash: 2.89% Airbnb Rental Income: $1298 Traditional Rental Income: $2928 Airbnb ROI: -0.6% Traditional ROI: 2.89%
2431 S 371st St #20 Federal Way, WA 2431 S 371st St #20, Edgewood, WA 98003 \| Manufactured Home	3 beds \| 2 baths \| 1,344 sq.ft.	$179,950	Airbnb cash on cash: 2.7% Traditional cash on cash: 10.44% Airbnb Rental Income: $1298 Traditional Rental Income: $2218 Airbnb ROI: 2.7% Traditional ROI: 10.44%
2500 S 370th St #170 Federal Way, WA 2500 S 370th St #170, Edgewood, WA 98003 \| Manufactured Home	3 beds \| 2 baths \| 1,790 sq.ft.	$229,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 9.59% Airbnb Rental Income: $1298 Traditional Rental Income: $2598 Airbnb ROI: 1.72% Traditional ROI: 9.59%
2402 S 370th Pl Federal Way, WA 2402 S 370th Pl, Edgewood, WA 98003 \| Manufactured Home	3 beds \| 2 baths \| 1,344 sq.ft.	$170,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 11.14% Airbnb Rental Income: $1298 Traditional Rental Income: $2218 Airbnb ROI: 2.97% Traditional ROI: 11.14%
372 xx 29th Ave S Lot 1 Federal Way, WA 372 xx 29th Ave S Lot 1, Edgewood, WA 98003 \| Other	N/A beds \| N/A baths \| N/A	$269,500	Airbnb cash on cash: -0.95% Traditional cash on cash: 2.15% Airbnb Rental Income: $651 Traditional Rental Income: $1141 Airbnb ROI: -0.95% Traditional ROI: 2.15%
1111 Enchanted Pkwy S Federal Way, WA 1111 Enchanted Pkwy S, Federal Way, WA 98003 \| Other	N/A beds \| N/A baths \| N/A	$425,000	Airbnb cash on cash: -1.32% Traditional cash on cash: -0.17% Airbnb Rental Income: $651 Traditional Rental Income: $811 Airbnb ROI: -1.32% Traditional ROI: -0.17%
37815 21st Ct S Federal Way, WA 37815 21st Ct S, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 2,230 sq.ft.	$659,950	Airbnb cash on cash: -0.65% Traditional cash on cash: 2.59% Airbnb Rental Income: $1349 Traditional Rental Income: $2931 Airbnb ROI: -0.65% Traditional ROI: 2.59%
37434 18th Ave S Federal Way, WA 37434 18th Ave S, Federal Way, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 1,590 sq.ft.	$605,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 2.11% Airbnb Rental Income: $1298 Traditional Rental Income: $2429 Airbnb ROI: -0.61% Traditional ROI: 2.11%
37920 21st Pl S Federal Way, WA 37920 21st Pl S, Federal Way, WA 98003 \| Single Family Residential	5 beds \| 3 baths \| 3,440 sq.ft.	$899,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 2.67% Airbnb Rental Income: $1583 Traditional Rental Income: $4005 Airbnb ROI: -0.77% Traditional ROI: 2.67%
3131 S 368th St Federal Way, WA 3131 S 368th St, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 2,110 sq.ft.	$635,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 2.94% Airbnb Rental Income: $1349 Traditional Rental Income: $3008 Airbnb ROI: -0.55% Traditional ROI: 2.94%
3114 S 366th Ct Federal Way, WA 3114 S 366th Ct, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 2,260 sq.ft.	$678,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 2.48% Airbnb Rental Income: $1349 Traditional Rental Income: $2910 Airbnb ROI: -0.64% Traditional ROI: 2.48%
2500 S 370th St #96 Federal Way, WA 2500 S 370th St #96, Federal Way, WA 98003 \| Manufactured Home	2 beds \| 2 baths \| 1,120 sq.ft.	$67,950	Airbnb cash on cash: -21.56% Traditional cash on cash: -0.8% Airbnb Rental Income: $802 Traditional Rental Income: $1882 Airbnb ROI: -21.56% Traditional ROI: -0.8%
37702 27th Pl Federal Way, WA 37702 27th Pl, Federal Way, WA 98003 \| Single Family Residential	2 beds \| 2 baths \| 1,470 sq.ft.	$555,000	Airbnb cash on cash: -1.23% Traditional cash on cash: 1.78% Airbnb Rental Income: $802 Traditional Rental Income: $2037 Airbnb ROI: -1.23% Traditional ROI: 1.78%
37405 Pacific Hwy S Federal Way, WA 37405 Pacific Hwy S, Federal Way, WA 98003 \| Other	N/A beds \| N/A baths \| N/A	$2,700,000	Airbnb cash on cash: -1.87% Traditional cash on cash: -1.58% Airbnb Rental Income: $651 Traditional Rental Income: $1081 Airbnb ROI: -1.87% Traditional ROI: -1.58%
2516 S 367th Pl Federal Way, WA 2516 S 367th Pl, Federal Way, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 1,640 sq.ft.	$700,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 1.59% Airbnb Rental Income: $1298 Traditional Rental Income: $2420 Airbnb ROI: -0.75% Traditional ROI: 1.59%
1040 S 320th Street #5 Federal Way, WA Welcome to gated Trinidad South in the heart of Federal Way - where comfort, convenience, ...	2 beds \| 2 baths \| 1,088 sq.ft.	$322,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 6.06% Airbnb Rental Income: $863 Traditional Rental Income: $2311 Airbnb ROI: 0.18% Traditional ROI: 6.06%
36922 6th Ave SW Federal Way, WA 36922 6th Ave SW, Federal Way, WA 98023 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$165,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 2.83% Airbnb Rental Income: $651 Traditional Rental Income: $848 Airbnb ROI: -0.31% Traditional ROI: 2.83%
36607 9th Ave SW Federal Way, WA 36607 9th Ave SW, Federal Way, WA 98023 \| Single Family Residential	3 beds \| 3 baths \| 3,226 sq.ft.	$1,149,950	Airbnb cash on cash: -1.22% Traditional cash on cash: 0.89% Airbnb Rental Income: $1308 Traditional Rental Income: $3156 Airbnb ROI: -1.22% Traditional ROI: 0.89%
36529 6th Ave SW Federal Way, WA 36529 6th Ave SW, Federal Way, WA 98023 \| Manufactured Home	3 beds \| 2 baths \| 1,368 sq.ft.	$450,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.76% Airbnb Rental Income: $1308 Traditional Rental Income: $2086 Airbnb ROI: -0.06% Traditional ROI: 2.76%

Real Estate investment in Federal-way, WA

There are 22 properties for sale in the city of Federal Way . The median list price in Federal Way is $308,475 and the average price per square foot is $161. In May 2026, the average monthly cash on cash return in Federal Way is 2.00%. The average monthly rental income in Federal Way is $2,840.

Federal-way, WA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Federal-way.

In 2026, the best neighborhood to buy investment property is Laurelwood.

The ROI for Short-Term is higher than the Long-Term in Federal-way with average rental income of $1,298.

Your search for investment property begins and ends here

Investment Property for Sale in Federal Way, WA

2500 S 370th St #189

Federal Way, WA

2 beds | 2 baths | 1,850 sq.ft.

$219,999

Airbnb cash on cash: -0.12%

Traditional cash on cash: 8.07%

Airbnb Rental Income: $802

Traditional Rental Income: $2184

Airbnb ROI: -0.12%

Traditional ROI: 8.07%

37558 30th Pl S

Federal Way, WA

3 beds | 2 baths | 1,873 sq.ft.

$624,950

Airbnb cash on cash: -0.6%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $1298

Traditional Rental Income: $2928

Airbnb ROI: -0.6%

Traditional ROI: 2.89%

2431 S 371st St #20

Federal Way, WA

3 beds | 2 baths | 1,344 sq.ft.

$179,950

Airbnb cash on cash: 2.7%

Traditional cash on cash: 10.44%

Airbnb Rental Income: $1298

Traditional Rental Income: $2218

Airbnb ROI: 2.7%

Traditional ROI: 10.44%

2500 S 370th St #170

Federal Way, WA

3 beds | 2 baths | 1,790 sq.ft.

$229,000

Airbnb cash on cash: 1.72%

Traditional cash on cash: 9.59%

Airbnb Rental Income: $1298

Traditional Rental Income: $2598

Airbnb ROI: 1.72%

Traditional ROI: 9.59%

2402 S 370th Pl

Federal Way, WA

3 beds | 2 baths | 1,344 sq.ft.

$170,000

Airbnb cash on cash: 2.97%

Traditional cash on cash: 11.14%

Airbnb Rental Income: $1298

Traditional Rental Income: $2218

Airbnb ROI: 2.97%

Traditional ROI: 11.14%

372 xx 29th Ave S Lot 1

Federal Way, WA

N/A beds | N/A baths | N/A

$269,500

Airbnb cash on cash: -0.95%

Traditional cash on cash: 2.15%

Airbnb Rental Income: $651

Traditional Rental Income: $1141

Airbnb ROI: -0.95%

Traditional ROI: 2.15%

1111 Enchanted Pkwy S

Federal Way, WA

N/A beds | N/A baths | N/A

$425,000

Airbnb cash on cash: -1.32%

Traditional cash on cash: -0.17%

Airbnb Rental Income: $651

Traditional Rental Income: $811

Airbnb ROI: -1.32%

Traditional ROI: -0.17%

37815 21st Ct S

Federal Way, WA

4 beds | 2 baths | 2,230 sq.ft.

$659,950

Airbnb cash on cash: -0.65%

Traditional cash on cash: 2.59%

Airbnb Rental Income: $1349

Traditional Rental Income: $2931

Airbnb ROI: -0.65%