34246 1st Place S Federal Way, WA $ 895,000
34246 1st Place S
$ 895,000
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34246 1st Place S

Federal Way, WA, 98003
$ 895,000
Bedrooms4 Baths4.0 Sq 3,000

Monthly Estimate*

$ 5,651

Listed by Skyline Properties, Inc.
34246 1st Place S, Federal Way, WA 98003 - Image 1
34246 1st Place S, Federal Way, WA 98003 - Image 2
34246 1st Place S, Federal Way, WA 98003 - Image 3
34246 1st Place S, Federal Way, WA 98003 - Image 4
34246 1st Place S, Federal Way, WA 98003 - Image 5
34246 1st Place S, Federal Way, WA 98003 - Image 6

Multi-Family Home for sale in Federal Way, WA

for $895,000 with 4 bedrooms and 4 full baths. This 3,000 square foot home was built in 1977 on a lot size of 0.2252.

Turnkey 4 Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts, large deluxe units w/1 bed, 1 full bath - highly desirable units. All units have a cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spots for each unit + visitor parking. New roof in 2024, New siding in 2024, new exterior and interior paint in 2024. Prime location close to Redondo beach, Costco, Winco, shopping malls, restaurants, schools, parks, library & hospitals. Community sports courts, play areas and amenities. Easy access to I-5, Hwy 99, Hwy 18 and upcoming light rail for commuters. Great cash flowing property for Investors, Owner occupied buyers & VA buyers.

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Multi-Family Active

Price

$ 895,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,998

Style

4-Plex

Lot Size

0.2252

Year Built

1977

Town/City

Federal Way

County/Region

King

MLS | Web ID

2586121

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 375
Garage Spaces 0
Year Built 1977
View Territorial
Property Subtype Multi Family
Tax Year 2026
Assoc Fee Paid Per Monthly
County King
Net Operating Income 65227
Insurance Expense 2575
New Construction N
Property Type Residential Income
HOA Y
Energy Efficient Thermal Windows
Subdivision Name West Campus
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS is correct.
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 9810
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 8998
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks Turnkey 4 Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts large deluxe units w/1 bed 1 full bath - highly desirable units. All units have a cozy FP in-un
Leasable Area 3000
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Playground Thermal Windows
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 7.3
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Corner Lot Curbs Open Space Paved Sidewalk
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3000
Lot Size Acres 0.2252
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Athletic Court Cable TV Deck High Speed Internet Patio
Parking Uncovered Total 4
Lot Number 22
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Interior
Flooring Engineered Hardwood 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 NWM2586121
Street Number 1 34246
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* Excluded Features
List By
Scott Fladseth

Listing Agent

Skyline Properties, Inc.

Broker

scottbinsea@hotmail.com

Email

Affordability Calculator

$6,401
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,651
Monthly Property Taxes
$750
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
258885 Elementary School
257703 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/23/2026$895,000 Listed Price

Map


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34246 1st Place S, Federal Way, WA, 98003 is a Multi-Family Home for sale at $895,000 with 3,000 sqft and a lot size of 0.2252. 34246 1st Place S has 4 bedrooms, 4.0 baths, and was built in 1977. The property's zip code is 98003 which is in Federal Way, WA