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Listed price in listed location currency (USD).
$899,950

000

MLS® 2494441

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $8,473
Days Active 1
Lot Size 0.2383 acres
Approx. Age 1979
MLS® Number 2494441

Property Address: 34027 1st Pl S, Federal Way, WA, 98003-4404

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 4-plex opportunity in Federal Way! Strong rental fundamentals and major capital improvements already completed—ideal for both seasoned investors and those looking to expand their portfolio. This spacious property offers 3, 056 rentable sq ft across four well-designed 2 bed / 1 bath units, all fully occupied, providing immediate and consistent income. Each unit features in-unit washer & dryer, dedicated covered parking, and comfortable living spaces that stay in demand which enhances tenant appeal and retention! The building envelope has been recently refreshed with significant exterior upgrades, including a new roof (2024) with warranty, new chimney chase cover, new gutters, and a full exterior paint job—minimizing deferred maintenance and future capital expenses. Hello, fewer surprise expenses! With big-ticket items already addressed, this investment offers a more predictable ownership experience and allows the next owner to focus on cash flow and long-term appreciation. The location is a win—close to restaurants, shopping, transit, and schools, plus just minutes to the new Sound Transit light rail. A low-maintenance, income-producing asset that you don’t want to miss!
MLS® Number2494441
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2383
Exterior
GarageNo
Approx. Age1979
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$899,950List Price
  • Commute

Commute

Starting Address
Destination Address
34027 1 St Pl S, Federal Way, WA

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