23 S 338th Place, Federal Way, Washington 98003

WA, Federal Way
$1,044,995
  • 3,904 Sqft
  • Residential Income Property Type
  • 1979 Year Built
  • Closed Status
Property Description

Excellent investment opportunity! This spacious 4-plex offers 3,904 rentable sq ft and strong income potential. Each unit is 2 bedroom, 1.5 baths and 3 units have been updated with fresh paint and carpet. Units provide comfortable living space, making it ideal for both long-term tenants and short-term rentals. Located in a desirable area with easy access to amenities, transit and schools. This property is perfect for savvy investors looking to grow their portfolio. Don’t miss your chance to own a high-demand multi-unit in a prime location just minutes from new Sound Transit light rail and all the services you can imagine.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2397419
  • Price: $1,044,995
  • Square Footage: 3,904 Sqft
  • Year Built: 1979
  • Lot Area: 0.28 Acre
  • Status: Closed
  • Office Name: Windermere RE West Campus Inc
  • Agent Name: Stephen Janho
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Carport Spaces: 1
  • Exterior Features Wood, Wood Products
  • Flooring Carpet, Vinyl
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Federal Way
  • Zipcode 98003
  • Street: 338th
  • Street Number: 23
  • Street Suffix: Place
  • Longitude: W123° 39' 53.4''
  • Latitude: N47° 17' 53.7''
  • Directions: West on S 348th St, North on 1st Ave S, Turns into 1st Way S, Left on S 340th St, Right on 1st Pl S, Left on 338th.
  • Mls Area Major: 110 - Dash Point/Federal Way
  • Street Dir Prefix: S
Neighborhood
  • Elementary School: Panther Lake Elem
  • High School: Todd Beamer High
  • High School District: Federal Way
  • Middle School: Illahee Jnr High
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2025-06-26
  • Number Of Units Total: 4
  • Lot Features: Dead End Street, Paved, Curbs, Sidewalk
  • Construction Materials: Wood
Financial
  • Association Fee: 677.8
  • Association Fee Frequency: Monthly
  • Association Yn: 1
  • Tax Annual Amount: 9482
Listing Information
  • Co List Agent Full Name: Beck Nordstrom
  • Co List Agent Mls Id: 151915
  • Co List Office Mls Id: 1146
  • Co List Office Name: Windermere RE West Campus Inc
  • List Agent Mls Id: 94770
  • List Office Mls Id: 1146
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2025-10-04T11:05:18Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-09-04T01:34:04Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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