27 S 342nd Place Federal Way, WA $ 1,200,000
27 S 342nd Place
$ 1,200,000
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27 S 342nd Place

Federal Way, WA, 98003
$ 1,200,000
Bedrooms2 Baths1.0 Sq 3,600

Monthly Estimate*

$ 7,577

Listed by Q Star Seattle Corporation
27 S 342nd Place, Federal Way, WA 98003 - Image 1

Multi-Family Home for sale in Federal Way, WA

for $1,200,000 with 2 bedrooms and 1 full bath. This 3,600 square foot home was built in 1979 on a lot size of 0.3163.

A quiet and serene 4-plex multi-family home centrally located in Federal Way with convenient transportation. Extremely accessible to bus, light rail, shopping center, and dining, with easy access to I-5, Hwy 99 and the King County library located right across the street. Great opportunity to own an income-generating 4-plex featuring an estimate Cap rate around 5%. All units are managed by on-site property management so it's easy and low maintenance to manage.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 8,604

Style

4-Plex

Lot Size

0.3163

Year Built

1979

Town/City

Federal Way

County/Region

King

MLS | Web ID

2571153

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Radiant
Cooling None
Possession Closing
Roof Composition
HOA Fee 678
Garage Spaces 0
Year Built 1979
Property Subtype Multi Family
Tax Year 2025
Building Name Campus View Div 03
Assoc Fee Paid Per Monthly
County King
Net Operating Income 55000
Insurance Expense 3000
New Construction N
Property Type Residential Income
HOA Y
Subdivision Name Central Federal Way
Special Listing Conditions None
Status Active
Directions GPS is the most accurate option
High School Todd Beamer High
City Federal Way
Senior Community Y/N N
High School District Federal Way
Number Of Units Total 1
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 13780
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Panther Lake Elem
Tax Annual Amount 8604
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Illahee Jnr High
Property Condition Good
Public Remarks A quiet and serene 4-plex multi-family home centrally located in Federal Way with convenient transportation. Extremely accessible to bus light rail shopping center and dining with easy access to I-5
Leasable Area 3600
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Playground
Water Company Lakehaven
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 5
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Exterior
Exterior Amenities Wood
Water Source Public
Total Parking 2
Foundation Details Poured Concrete
Building Area Total 3600
Lot Size Acres 0.3163
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 2
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Interior
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 NWM2571153
Street Number 1 27
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* Excluded Features
List By
Pearl Lee

Listing Agent

Q Star Seattle Corporation

Broker

Affordability Calculator

$8,294
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,577
Monthly Property Taxes
$717
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/21/2026$1,200,000 Listed Price

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27 S 342nd Place, Federal Way, WA, 98003 is a Multi-Family Home for sale at $1,200,000 with 3,600 sqft and a lot size of 0.3163. 27 S 342nd Place has 2 bedrooms, 1.0 baths, and was built in 1979. The property's zip code is 98003 which is in Federal Way, WA