34120 1st PL S, Federal Way, WA 98003
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34120 1st PL S, Federal Way, WA 98003
34120 1st PL S, Federal Way, WA 98003
34120 1st PL S, Federal Way, WA 98003
34120 1st PL S, Federal Way, WA 98003
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Jessica Taylor

Jessica Taylor

+1(253) 732-4228
Listed by:Real Broker LLC • Lindsay Jackman
$ 989,000
Est. payment /mo
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Active

34120 1st PL S Federal Way, WA 98003

8 Beds

4 Baths

3,600 SqFt

UPDATED:

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

Property Description

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.

Location

State WA

County King

Area 110 - Dash Point/Federal Way

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

Building

Lot Description Cul-De-Sac, Dead End Street

Sewer Sewer Connected

Water Public

New Construction No

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Jessica Taylor

Jessica Taylor

Broker | License ID: 137563

+1(253) 732-4228

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34120 1st PL S