34214 1st Place S Federal Way, WA $ 1,030,000
34214 1st Place S
$ 1,030,000
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34214 1st Place S

Federal Way, WA, 98003
$ 1,030,000
Baths0.0 Sq 3,056

Monthly Estimate*

$ 6,342

Listed by RSVP Brokers ERA
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Studio

Multi-Family Home for sale in Federal Way, WA

for $1,030,000. This 3,056 square foot home was built in 1977 on a lot size of 0.2359.

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.

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Multi-Family Active

Price

$ 1,030,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,626

Style

4-Plex

Lot Size

0.2359

Year Built

1977

Town/City

Federal Way

County/Region

King

MLS | Web ID

2500500

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Negotiable See Remarks Subject To Tenant Rights
Roof Composition
HOA Fee 375
Garage Spaces 0
Pool Features Community
Year Built 1977
View Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name CAMPUS VIEW DIV 2
Assoc Fee Paid Per Monthly
County King
Net Operating Income 48261
Insurance Expense 3737.16
New Construction N
Property Type Residential Income
HOA Y
Energy Efficient Thermal Windows
Subdivision Name Panther Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I5 to 348th St Rt on 1st Ave S Lt on 1st Pl S into Campus View. take first Rt.
High School Todd Beamer High
City Federal Way
Senior Community Y/N N
High School District Federal Way
Zoning Description Multi-Family
Number Of Units Total 4
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 10276
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Panther Lake Elem
Tax Annual Amount 8626
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Illahee Jnr High
Property Condition Good
Public Remarks 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 conveni
Leasable Area 3056
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Clubhouse Playground Thermal Windows
Water Company Lakeheaven
Units Below Grade false
Water Sewer Garbage 3776.52
Property Style 54 - 4-Plex
Cap Rate 5.31
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Exterior
Exterior Amenities Wood Products
Lot Features Cul-De-Sac Curbs Open Space Paved Sidewalk
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3056
Lot Dimensions 10276
Lot Size Acres 0.2359
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Deck High Speed Internet Patio
Pool Type Community
Parking Uncovered Total 4
Lot Number 30
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Interior
Flooring Laminate Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2500500
Street Number 1 34214
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* Excluded Features
List By
Martha Zahuita

Listing Agent

Rsvp Brokers Era

Broker

Affordability Calculator

$7,061
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,342
Monthly Property Taxes
$719
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4036894 Elementary School
257867 Middle School
Todd Beamer High High School
Pricing History
DatePricePrice ChangeDescription
4/2/2026$1,030,000 Listed Price

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34214 1st Place S, Federal Way, WA, 98003 is a Multi-Family Home for sale at $1,030,000 with 3,056 sqft and a lot size of 0.2359. 34214 1st Place S is a studio with 0.0 baths and was built in 1977. The property's zip code is 98003 which is in Federal Way, WA