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1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
1040 S 320th Street 5, Federal Way WA 98003
Washington>Federal Way>Federal Way City Center

1040 S 320th Street 5Federal Way, WA 98003

For Sale

$317,500

Smart Buyer Rebate $2,938

Welcome to gated Trinidad South in the heart of Federal Way - where comfort, convenience, and location truly come together. This townhome-style condo lives like a single-family home with a bright, open-concept main floor, spacious great room, and cozy gas fireplace, making it perfect for everyday living and entertaining.Major updates are already done for you: newer deck, windows, slider, and washer & dryer (all just 2 years old). The primary bathroom has been beautifully remodeled, and all appliances stay - this home is truly move-in ready!Step outside to relax on your private deck or enjoy being just minutes from literally everything. You’re close to all kinds of shopping, dining, and entertainment at The Commons at Federal Way, everyday essentials at nearby Costco and Trader Joe's, plus countless restaurants, coffee shops, and many other services nearby.Commuters will love the easy access to the Federal Way Transit Center and Link Light Rail, connecting you to Seattle, Tacoma, and beyond.Low-maintenance living, smart updates, and a location that puts everything within reach. This is the one you’ve been waiting for!

Listed by Dan Benz

·

NextHome South Sound

Last updated June 10, 2026

·

Source: NWMLS #2521262

Listing Facts

  • TypeCondo
  • NeighborhoodFederal Way City Center
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu33
  • HOA/Maint. Fees$475/month
  • Taxes$3,245/year

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

06/08/2026
Price Decreased
$317,500
05/13/2026
Listed by NextHome South Sound
$322,000

Property Details for 1040 S 320th Street 5

Association

Amenities

  • Community Features: Cable TV, Gated, High Speed Int Avail, Outside Entry
  • Pets Allowed: Yes

Fees

  • Association Fee: $475.00 Monthly
  • Association Fee Includes: Common Area Maintenance, Gas, Sewer, Trash, Water

General

  • Number Of Units In Community: 43

Exterior

Construction

  • Number Of Units Total: 43
  • Roof: Composition
  • Stories Total: 2
  • Structure Type: Condominium
  • Year Built: 1978
  • Building Name: Trinidad South
  • Construction Materials: Metal/Vinyl
  • Exterior Features: Metal/Vinyl

Features

  • Direction Faces: East
  • View: Territorial

Measurements

  • Building Area Total: 1,088
  • Building Area Units: Square Feet
  • Lot Features: Paved, Sidewalk
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 8682400270
  • Tax Annual Amount: $3,245.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Features: Cooking-Electric, Dryer-Electric, Fireplace, Ground Floor, Washer, Water Heater

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Main Level Bathrooms: 1

Other

Location

  • Subdivision Name: Mirror Lake

Parking

Parking

  • Carport: Yes
  • Parking Features: Carport

Schools

Elementary School

  • Elementary School: Buyer To Verify

High School

  • High School: Buyer To Verify
  • High School District: Federal Way

Middle or Junior School

  • Middle Or Junior School: Buyer To Verify

Utilities

Equipment

  • Has Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 2 bathrooms in this condo at 1040 S 320th Street 5.

What schools are nearby to 1040 S 320th Street 5?

Nearby schools include the Buyer To Verify Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School.

Are pets allowed at 1040 S 320th Street?

Yes, 1040 S 320th Street allows pets.

What are the annual taxes for 1040 S 320th Street 5?

Annual taxes for this condo are estimated at $3,245.

How does 1040 S 320th Street 5 compare to other condos in Federal Way City Center?

This condo is listed 4% above the average price for condos in Federal Way City Center and has been on the market for 85 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the Trinidad South building.

1040 S 320th Street 5 is a 2-bedroom, 2-bath condo for sale in Federal Way WA 98003. Listed on Prevu for 33 days at $317,500. This includes a recent price decrease of $4,500. This home is located in Federal Way. The median listing price for condos in this area is $304,000. Nearby schools include Buyer To Verify Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School. Property amenities include dishwasher, pets allowed, parking, and washer/dryer. Browse more condo listings in Federal Way.

Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.