34120 1st Place S Federal Way, WA 98003
34120 1st Place S
Federal Way, WA 98003
$1,000,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.
Property Features
Community: Panther Lake
4-Plex
View: Territorial
Cable TV
Deck
Patio
Exterior: Wood
Exterior: Wood Products
Roof: Tile
Year Built: 1977
HOA Dues: $375
2025 Taxes: $8984.00
Buyer Broker Comp.: 2.5%
Listing #: 2491971
Lot Details
Lot Size: 0.23 acres
Cul-De-Sac
Dead End Street
No. of Units: 4
Interior
Cooling: None
Heating: Baseboard
Electric
Schools
District: Federal Way
Elem: Panther Lake Elem
Middle: Illahee Jnr High
High: Todd Beamer High
Call or Email:
Grace Wamwere
What's Near 34120 1st Place S Federal Way, WA 98003?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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