34214 1st Place S Federal Way, WA 98003
34214 1st Place S
Federal Way, WA 98003
$1,030,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Panther Lake
4-Plex
View: Territorial
Deck
High Speed Internet
Patio
Pool: Community
Exterior: Wood Products
Roof: Composition
Year Built: 1977
HOA Dues: $375
2025 Taxes: $8626.00
Buyer Broker Comp.: 2.5%
Listing #: 2500500
Lot Details
Lot Size: 0.24 acres
Lot Dimensions: 10276
Cul-De-Sac
Curbs
Open Space
Paved
Sidewalk
No. of Units: 4
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Clubhouse
Playground
Thermal Windows
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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