34214 1st PL S, Federal Way, WA 98003
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34214 1st PL S, Federal Way, WA 98003
34214 1st PL S, Federal Way, WA 98003
34214 1st PL S, Federal Way, WA 98003
34214 1st PL S, Federal Way, WA 98003
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Melissa Southam -RE&Finance Strategist

Melissa Southam -RE&Finance Strategist

+1(425) 318-4348
Listed by:RSVP Brokers ERA • Martha Zahuita
$ 1,030,000
Est. payment /mo
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Active

34214 1st PL S Federal Way, WA 98003

8 Beds

4 Baths

3,056 SqFt

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Melissa Southam -RE&Finance Strategist

Melissa Southam -RE&Finance Strategist

Real Estate Strategist | License ID: 98330

+1(425) 318-4348

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