34120 1st Place S, Federal Way, WA 98003
Courtesy of Real Broker LLC
- $989,000
- 3,600
- SqFt
- List Price
- $989,000
- Status
- ACTIVE
- Days on Market
- 135
- Price Change
- ▼ $11,000 1775014043
- MLS#
- 2491971
- Subtype
- Residential Income
- Style
- 54 - 4-Plex
- Year Built
- 1977
- Living Area
- 3,600
- Lot Size
- 9,927
- Acres
- 0.23
- Subdivision
- Panther Lake
- Neighborhood
- Panther Lake
- MLS Area Major
- Dash Point/Federal Way
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.
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Additional Information
- Amenities
- Storage
- Exterior Features
- Wood, Wood Products
- Property Description
- 54 - 4-Plex
- Flooring
- Vinyl, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Tile
- School District
- Federal Way
- Elementary School
- Panther Lake Elem
- Middle School
- Illahee Jnr High
- High School
- Todd Beamer High
- View
- Territorial
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.