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MLS: #NWM2500500, Listed By: Martha Zahuita, RSVP Brokers ERA, Source:NWMLS - Northwest Multiple Listing Service

34214 1st Place

Federal Way, WA 98003
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Bed 0

Bed

Bath 0

Bath

SqFt3,056

Sqft

Acres0.24

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,030,000

AD Id : 76742279

MLS Id : NWM2500500

Lot Size : 0.24 Acre

Living Area Size : 3,056

Year Built : 1977

County : King

Subdivision: Warm Mineral Spgs

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Feature Features

  • Interior Features

    Roof: Composition

    Roofing Information

    Composition
  • Flooring Information

    Flooring: Laminate, Vinyl, Vinyl Plank, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1977
  • Exterior Features

    Wood Products Construction Materials: Wood Foundation Details: Poured Concrete
  • Pool Features

    Private Pool: Community

  • Lot Information

    Lot Dimensions: 10276 Lot Description: Cul-De-Sac, Curbs, Open Space, Paved, Sidewalk Lot Square Feet: 10276 Lot Acres: 0.2359

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Quadruplex

  • Listing Price Information

    Original List Price:$1030000

  • Tax Information

    Annual Tax: $8626 Tax Year: 2025 Parcel Number: 1322010300

  • Parking Information

    Total Parking: 8

    Homeowners Association Information

    HOA: $375.00 Monthly

  • 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: Panther Lake City: Federal Way Direction: I5 to 348th St, Rt on 1st Ave S, Lt on 1st Pl S into Campus View. take first Rt.
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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
34019 1st Circle, Federal Way, WA, 98003 $850,000 -- -- 2,712 2,712 SqFt
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: NWMLS #2500500 LISTED BY: Martha Zahuita, RSVP Brokers ERA 425-519-3619 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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