PROPERTIES FOR SALE

34027 1st Place S Federal Way, WA 98003

NWMLS Courtesy of Windermere Real Estate/PSR Inc
34027 1st Place S
Federal Way, WA 98003
$899,950
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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Turnkey 4-plex opportunity in Federal Way! Strong rental fundamentals and major capital improvements already completed—ideal for both seasoned investors and those looking to expand their portfolio. This spacious property offers 3,056 rentable sq ft across four well-designed 2 bed / 1 bath units, all fully occupied, providing immediate and consistent income. Each unit features in-unit washer & dryer, dedicated covered parking, and comfortable living spaces that stay in demand which enhances tenant appeal and retention! The building envelope has been recently refreshed with significant exterior upgrades, including a new roof (2024) with warranty, new chimney chase cover, new gutters, and a full exterior paint job—minimizing deferred maintenance and future capital expenses. Hello, fewer surprise expenses! With big-ticket items already addressed, this investment offers a more predictable ownership experience and allows the next owner to focus on cash flow and long-term appreciation. The location is a win—close to restaurants, shopping, transit, and schools, plus just minutes to the new Sound Transit light rail. A low-maintenance, income-producing asset that you don’t want to miss!

Property Features

Community: West Campus
4-Plex
View: Territorial
Cable TV
Deck
High Speed Internet
Exterior: Metal/Vinyl
Exterior: Wood
Roof: Composition
Year Built: 1979
HOA Dues: $678
2025 Taxes: $8473.00
Buyer Broker Comp.: 2.5%
Listing #: 2494441

Lot Details

Lot Size: 0.24 acres
Cul-De-Sac
Curbs
Dead End Street
Paved
Sidewalk
No. of Units: 4

Interior

Cooling: None
Heating: Wall Furnace
Electric

Common Features

Playground

Schools

District: Federal Way
Elem: Panther Lake Elem
Middle: Illahee Jnr High
High: Todd Beamer High
Call or Email:
Grace Wamwere

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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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