23 S 342nd Place, Federal Way, Washington 98003

WA, Federal Way
$859,000
  • 2,712 Sqft
  • Residential Income Property Type
  • 1979 Year Built
  • Closed Status
Property Description

Turnkey Investment in a great community. Features 4 occupied spacious units w/functional layouts. 2 units w/2 beds, 1 full bath and 2 units w/1 bed, 1 full bath with a loft and vaulted ceilings – 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 schools, library, shopping, restaurants, hospital, Redondo beach, Costco & Winco. 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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2451216
  • Price: $859,000
  • View: Territorial
  • Square Footage: 2,712 Sqft
  • Year Built: 1979
  • Lot Area: 0.30 Acre
  • Status: Closed
  • Office Name: Skyline Properties, Inc.
  • Agent Name: Scott Fladseth
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Carport Spaces: 4
  • Exterior Features Wood
  • Flooring Carpet, Vinyl
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Federal Way
  • Zipcode 98003
  • Street: 342nd
  • Street Number: 23 S
  • Street Suffix: Place
  • Longitude: W123° 39' 53.2''
  • Latitude: N47° 17' 43''
  • Directions: GPS is correct.
  • Mls Area Major: 110 - Dash Point/Federal Way
Neighborhood
  • High School District: Federal Way
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2025-10-30
  • Number Of Units Total: 4
  • Lot Features: Dead End Street, Paved, Curbs, Sidewalk, Cul-De-Sac, Adjacent to Public Land
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood
Financial
  • Association Fee: 677
  • Association Fee Frequency: Monthly
  • Association Yn: 1
  • Tax Annual Amount: 7870
Listing Information
  • List Agent Mls Id: 75939
  • List Office Mls Id: 5353
  • Listing Term: Cash Out,Conventional,FHA,VA Loan
  • Mls Status: Sold
  • Modification Timestamp: 2026-01-22T19:11:11Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-01-22T19:09:05Z
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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