MLS: #NWM2494441, Listed By: Heather Maddox, Windermere Real Estate/PSR Inc, Source:NWMLS - Northwest Multiple Listing Service
34027 1st Place
Federal Way, WA 98003
0
Bed
0
Bath
3,056Sqft
0.24Acre(Lot)
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 surpr
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: CompositionRoofing Information
Composition -
Flooring Information
Flooring: Laminate, Carpet Construction Materials: Metal/Vinyl, Wood -
Heating & Cooling
Heating: Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public
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Building Information
Year Built: 1979 -
Exterior Features
Metal/Vinyl, Wood Construction Materials: Metal/Vinyl, Wood Foundation Details: Poured Concrete
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Lot Information
Lot Description: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk Lot Square Feet: 10379 Lot Acres: 0.2383Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Quadruplex
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Listing Price Information
Original List Price:$899950
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Tax Information
Annual Tax: $8473 Tax Year: 2025 Parcel Number: 1322020480
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Parking Information
Total Parking: 8Homeowners Association Information
HOA: $677.80 Monthly
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School Information
Elementary School: Panther Lake Elem Junior High School: Illahee Jnr High Senior High School: Todd Beamer High -
Utility Information
Sewer: Sewer Connected Water Source: Public -
Location Information
Subdivision: West Campus City: Federal Way Direction: GPS works great! From I-5 South: Take exit 142B. Follow WA-18W, S 348th St, and 1st Ave S to S 340th Pl. 4-Plex at end of culd-de-sac on right.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 34120 1st Place, Federal Way, WA, 98003 | $989,000 | -- | -- | 3,600 | 3,600 SqFt |
| 34214 1st Place, Federal Way, WA, 98003 | $899,950 | -- | -- | 3,056 | 3,056 SqFt |
| 34019 1st Circle, Federal Way, WA, 98003 | $799,000 | -- | -- | 2,712 | 2,712 SqFt |
| 34025 1st Place, Federal Way, WA, 98003 | $799,000 | -- | -- | -- |
Similar Multifamily To 34027 1st Place
Nearby For Sale
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ByOwner last updated this listing 07/08/2026 @ 18:20
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