$1,000,000
34120 1st Place S, Federal Way, WA 98003
3,600 Sq Ft
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34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003
34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003 34120 1st Place S, Federal Way, WA 98003

MLS #2491971 / Listing provided by NWMLS & Real Broker LLC.

$1,000,000

34120 1st Place S
Federal Way, WA 98003

Active 1 day ago
3,600
Sq Ft
$278
Per Sq Ft
1977
Year Built

Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Total Uncovered Parking Spaces: 2

Structure

  • Roof: Tile
  • Exterior Features: Wood, Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Cul-De-Sac, Dead End Street
  • Acres: 0.2279
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Federal Way
  • High School: Todd Beamer High
  • Middle School: Illahee Jnr High
  • Elementary School: Panther Lake Elem

Lot Details

  • Lot Features: Cul-De-Sac, Dead End Street
  • Acres: 0.2279
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: Puget Sound Energy

Water, Sewer, and Garbage

  • Sewer Company: Lakehaven
  • Sewer: Sewer Connected
  • Water Company: Lakehaven
  • Water Source: Public
  • Water, Sewer, and Garbage: 11496
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Corryn Lobato

Corryn Lobato
Broker | REALTOR®

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