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34120 1st Place S, Federal Way, WA 98003

Federal Way, WA 98003

Square Ft.
4,000
Active
Multifamily
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Market LogoListing courtesy of Real Broker LLC
$899,000
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition… Read MoreRead Less
Listing courtesy of Real Broker LLC
Listing Snapshot
Cumulative Days On Market
214
Days on Website
214
Last Updated
Property Type
Multi Family
Square Ft.
4,000
Lot Size
0.23 Acres
Year Built
1977
Property Tax
$8,984
MLS Number
2491971
Property Location Map
Additional Details
Building
Built in 1977, Built in 2005 (effective), 2 stories, Construction Materials: Wood
Cooling
None
Expenses
Insurance: $3,240, Other Expense: $18,400
Exterior Features
Wood, Wood Products
Floors
Vinyl, Carpet
Foundation
Poured Concrete
Heating
Baseboard
Home Owner's Association
Association Fee: $375, Fee Frequency: Monthly
Income
Gross ScheduledIncome: $84,900, Net Operating Income: $63,320
Lot
0.2279 acres, Cul-De-Sac, Dead End Street
Parking
4 carport spaces, 4 covered spaces, 6 total parking spaces
Property
Good, Leasable area: 4000, Territorial
Roof
Tile
Sewer
Sewer Connected
Taxes
Parcel Number: 1322010380, Annual Amount: $8,984, Year: 2025, Zoning description: Multi-Family
Utilities
Water Source: Public, Electric

Listings are Copyright © Northwest Multiple Listing Service. All Rights Reserved.

Listing Last Updated , .

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Monthly Payment
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Schools In The Area

Check out nearby schools with ratings and contact info. Source: Home Junction
Panther Lake Elementary School 253-945-3600 Public KG-5
Illahee Middle School 253-945-4600 Public 6-8
Todd Beamer High School 253-945-2570 Public 9-12
Panther Lake Elementary School 253-945-3600 Public KG-5
Panther Lake Elementary School 253-945-3600 Public KG-5
Illahee Middle School 253-945-4600 Public 6-8
Todd Beamer High School 253-945-2570 Public 9-12

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Listings are Copyright © Northwest Multiple Listing Service. All Rights Reserved.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listings last updated on ,