34027 1st PL S, Federal Way, WA 98003
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34027 1st PL S, Federal Way, WA 98003
34027 1st PL S, Federal Way, WA 98003
34027 1st PL S, Federal Way, WA 98003
34027 1st PL S, Federal Way, WA 98003
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Hailey Miller

Hailey Miller

+1(714) 655-0595
Listed by:Windermere Real Estate/PSR Inc • Heather Maddox
$ 845,000
Est. payment /mo
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Pending

34027 1st PL S Federal Way, WA 98003

8 Beds

4 Baths

3,056 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,056 sqft

Price per Sqft $276

Subdivision West Campus

MLS Listing ID 2494441

Style 54 - 4-Plex

Bedrooms 8

HOA Fees $677/mo

Year Built 1979

Annual Tax Amount $8,473

Lot Size 10,379 Sqft

Property Sub-Type Multi Family

Property Description

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 location is a win—close to restaurants, shopping, transit, and schools, plus just minutes to the new Sound Transit light rail. A low-maintenance, income-producing asset that you don't want to miss!

Location

State WA

County King

Area 110 - Dash Point/Federal Way

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood

Amenities Available Cable TV, Deck, High Speed Internet

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk

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, VA Loan

Listing Terms Cash, Conventional, VA Loan

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

Hailey Miller

Real Estate Broker | License ID: 117374

+1(714) 655-0595

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34027 1st PL S