34214 1st Place S, Federal Way, Washington 98003

WA, Federal Way
$1,030,000
  • 3,056 Sqft
  • Residential Income Property Type
  • 1977 Year Built
  • Active Status
Property Description

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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2500500
  • Price: $1,030,000
  • View: Territorial
  • Square Footage: 3,056 Sqft
  • Year Built: 1977
  • Lot Area: 0.24 Acre
  • Status: Active
  • Office Name: RSVP Brokers ERA
  • Agent Name: Martha Zahuita
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Swimming Pool Community
  • Heating System Baseboard
  • Cooling System None
  • Carport Spaces: 4
  • Exterior Features Wood Products
  • Flooring Carpet, Vinyl Plank, Vinyl, Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Federal Way
  • Zipcode 98003
  • Street: 1st
  • Street Number: 34214
  • Street Suffix: Place
  • Longitude: W123° 40' 4''
  • Latitude: N47° 17' 45.2''
  • Directions: I5 to 348th St, Rt on 1st Ave S, Lt on 1st Pl S into Campus View. take first Rt.
  • Mls Area Major: 110 - Dash Point/Federal Way
  • Street Dir Suffix: S
Neighborhood
  • Elementary School: Panther Lake Elem
  • High School: Todd Beamer High
  • High School District: Federal Way
  • Middle School: Illahee Jnr High
Additional Information
  • Lot Size Dimensions: 10276
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2026-04-02
  • Number Of Units Total: 4
  • Lot Features: Paved, Curbs, Sidewalk, Cul-De-Sac, Open Space
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood
Financial
  • Association Fee: 375
  • Association Fee Frequency: Monthly
  • Association Yn: 1
  • Tax Annual Amount: 8626
Listing Information
  • Co List Agent Full Name: Marco de la Barrera
  • Co List Agent Mls Id: 110899
  • Co List Office Mls Id: 5652
  • Co List Office Name: RSVP Brokers ERA
  • List Agent Mls Id: 41838
  • List Office Mls Id: 5652
  • Listing Term: Cash,Conventional,FHA,VA Loan
  • Mls Status: Active
  • Modification Timestamp: 2026-04-22T01:28:11Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-02T18:01:41Z
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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