See all 22 photos

Listed by:RSVP Brokers ERA • Martha Zahuita

$1,030,000

Est. payment - /mo

Save

8 Beds

4 Baths

3,056 SqFt

Active

34214 1st PL S Federal Way, WA 98003

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ryan Born

ryan@born-realty.com +1(206) 498-0342

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,056 sqft

Price per Sqft $337

Subdivision Panther Lake

MLS Listing ID 2500500

Style 54 - 4-Plex

Bedrooms 8

HOA Fees $375/mo

Year Built 1977

Annual Tax Amount $8,626

Lot Size 10,276 Sqft

Lot Dimensions 10276

Property Sub-Type Multi Family

Property Description

Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

Location

State WA

County King

Area 110 - Dash Point/Federal Way

Interior

Flooring Laminate, Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Pool Community

Amenities Available Deck, High Speed Internet, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Cul-De-Sac, Curbs, Open Space, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Panther Lake Elem

Middle Schools Illahee Jnr High

High Schools Todd Beamer High

School District Federal Way

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Mortgage Calculator

/monthly

Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Local Media

Education

Pets

Public Services & Government

New Peking Wok

32921 1st Ave S, Federal Way, WA 98003

Chinese Phone: 253-838-2688
Mi Chalateca

33427 Pacific Hwy S, Federal Way, WA 98003

Salvadoran Phone: 253-838-1688
Poverty Bay Cafe & Coffee Co

1108 S 322nd Pl, Federal Way, WA 98003

Diners Phone: 253-945-0012
Subway

32225 Pacific Hwy S, Federal Way, WA 98003

Fast Food Phone: 253-941-1625
Jasper’s Coffee Company & Deli

33501 1st Way S, Federal Way, WA 98003

Coffee & Tea
Best Sushi

32911 1st Ave S, Federal Way, WA 98003

Sushi Bars Phone: 253-838-1476
Peking Palace

32002 11th Ave SW, Federal Way, WA 98023

Chinese Phone: 206-364-7890
Hae Song

32703 Pacific Hwy S, Federal Way, WA 98003

Korean Phone: 253-878-5103
K City

32703 Pacific Hwy S, Federal Way, WA 98003

Bars Phone: 253-838-0133
Pizza Pizazz

32925 1st Ave S, Federal Way, WA 98003

Pizza Phone: 253-661-1101
Billy McHales

1320 S 324th St, Federal Way, WA 98003

American (Traditional) Phone: 253-839-4200
Peking Wok

32921 1st Ave S, Federal Way, WA 98003

Chinese Phone: 253-838-2688
Mika Japanese Buffet

1426 S 324th St, Federal Way, WA 98003

Sushi Bars Phone: 253-839-9988

Educational Environment

Elementary Schools (1)High Schools (2)

Name