34214 1st Place S, Federal Way, WA 98003 (MLS # 2500500)

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Listing provided courtesy of Northwest MLS; RSVP Brokers ERA

PRICE $1,030,000
BEDS 0
BATHS 0
HOME SIZE 3,056 sqft
LOT SIZE 10,276 sqft
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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.

LAST UPDATED 4/2/2026 TRACT Panther Lake
YEAR BUILT 1977 COMMUNITY Panther Lake
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Panther Lake Elem
Jr. High School Illahee Jnr High
High School Todd Beamer High


ADDITIONAL DETAILS
AIR None
AREA 110 - Dash Point/Federal Way
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
HOA DUES 375
LOT 10276 sq ft
LOT DESCRIPTION Cul-de-sac, Curbs, Open Space, Paved, Sidewalk
LOT DIMENSIONS 10276
MLS STATUS Active
POOL DESCRIPTION Community
STORIES 2
STYLE 54 - 4-Plex
SUBDIVISION Panther Lake
TAXES 8626
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Territorial
WATER Public
ZONING Multi-Family

SATELLITE VIEW



 
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/13/26 1:16 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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