34214 1st Place S, Federal Way, WA 98003

Courtesy of RSVP Brokers ERA

$899,950
3,056
SqFt

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List Price
$899,950
Status
ACTIVE
Days on Market
115
Price Change
▼ $130,050 1782282701
MLS#
2500500
Subtype
Residential Income
Style
54 - 4-Plex
Year Built
1977
Living Area
3,056
Lot Size
10,276
Acres
0.24
Subdivision
Panther Lake
Neighborhood
Panther Lake
Building Name
CAMPUS VIEW DIV 2
MLS Area Major
Dash Point/Federal Way

Property Description

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.

Additional Information

Amenities
Clubhouse, Playground, Thermal Windows
Exterior Features
Wood Products
Property Description
54 - 4-Plex
Flooring
Laminate, Vinyl, Vinyl Plank, Carpet
Heating
Baseboard
Air Conditioning
None
Roof
Composition
Pool
Yes
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.
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