Multi-Family $ 989,000

34120 1st PL S

Federal Way, WA 98003

  • 8 Beds
  • 4 Baths
  • 3,600 SqFt
  • 9,927 Lot Size
  • 1977 Year Built
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 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 to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.
Listed by Real Broker LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 600 sqft

    Price per Sqft $274

    Subdivision Panther Lake

    MLS Listing ID 2491971

    Style 54 - 4-Plex

    Bedrooms 8

    HOA Fees $375/mo

    Year Built 1977

    Annual Tax Amount $8,984

    Lot Size 9,927 Sqft

    Property Sub-Type Multi Family

  • Location

    State WA

    County King

    Area 110 - Dash Point/Federal Way

  • Building

    Lot Description Cul-De-Sac, Dead End Street

    Sewer Sewer Connected

    Water Public

    New Construction No

  • Interior

    Flooring Vinyl, Carpet

    Fireplace false

  • Exterior

    Exterior Feature Wood, Wood Products

    Amenities Available Cable TV, Deck, Patio

    View Y/N Yes

    View Territorial

    Roof Type Tile

  • 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

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CONTACT

Lindsay Jackman
Lindsay Jackman

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