Active · Residential Income

34214 1st Place S, Federal Way, WA 98003

Federal Way, WA 98003

$899,950

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by RSVP Brokers ERA · MLS #2500500 · Active

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About this property

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 details

Property type: Multi Family
Year built: 1977
Lot size: 10,276 sq ft
Association dues: $375 · Monthly
Annual property tax: $8,626 (2025)
Parking spaces: 8
School district: Federal Way

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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