34027 1st Place S, Federal Way, WA 98003

Federal Way
Local realty services provided by:Knipe Realty ERA Powered
Listed by: heather maddox, brandi beutler nelson
Office: windermere real estate/psr inc
MLS#:2494441
Source:NWMLS
34027 1st Place S,Federal Way, WA 98003
$899,950
  • - Beds
  • - Baths
  • 3,056 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$899,950
  • Price per sq. ft.:$294.49
  • Monthly HOA dues:$678

About this home

Turnkey 4-plex opportunity in Federal Way! Strong rental fundamentals and major capital improvements already completed—ideal for both seasoned investors and those looking to expand their portfolio. This spacious property offers 3,056 rentable sq ft across four well-designed 2 bed / 1 bath units, all fully occupied, providing immediate and consistent income. Each unit features in-unit washer & dryer, dedicated covered parking, and comfortable living spaces that stay in demand which enhances tenant appeal and retention! The building envelope has been recently refreshed with significant exterior upgrades, including a new roof (2024) with warranty, new chimney chase cover, new gutters, and a full exterior paint job—minimizing deferred maintenance and future capital expenses. Hello, fewer surprise expenses! With big-ticket items already addressed, this investment offers a more predictable ownership experience and allows the next owner to focus on cash flow and long-term appreciation. The...

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Home facts

  • Year built:1979
  • Listing ID #:2494441
  • Updated:May 08, 2026 at 11:01 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:3,056 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1979
  • Building area:3,056 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Cul-De-Sac, Curbed Lot, Dead-end Street, Paved, Sidewalk
  • Construction Materials:Metal/Vinyl Exterior Finish, Wood Exterior Finish
  • Exterior Features:Deck

Schools

  • High school:Todd Beamer High
  • Middle school:Illahee Jnr High
  • Elementary school:Panther Lake Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$899,950
  • Price per sq. ft.:$294.49
  • Tax amount:$8,473 (2025)

Features and amenities

  • Amenities:Cable TV, High Speed Internet

Parking

  • Carport spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 8, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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