Below market rents with potential to increase at the end of the year. Don’t miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units, each with 2 bedrooms, 1 bathroom, a fireplace, a balcony or patio, and in unit washer and dryer. Dedicated covered parking for each unit plus 2 guest spaces. Great location convenient to shopping, dining, schools, and parks. Good access to I-5 and Hwy 18 for commuters. All units are currently occupied with great rental history, long term tenants that generate a stable income. On site professional management makes this is a turn-key investment that you don’t want to miss! HOA rules do not allow for self management.
Sold
Listed by:
Kirk Mulfinger,
Hampton West Real Estate,
Chris R. Dugger,
Hampton West Real Estate
Bought with: RSVP Brokers ERA
$909,500
34214 1st Place S, Federal Way, WA 98003
--beds
--baths
3,056sqft
Quadruplex
Built in 1977
-- sqft lot
$900,600 Zestimate®
$298/sqft
$1,995 Estimated rent
Home value
$900,600
$838,000 - $973,000
$1,995/mo
Zestimate® history
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$1,995/mo
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$10,022/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: September 05, 2024 at 05:47am
Listed by:
Kirk Mulfinger,
Hampton West Real Estate,
Chris R. Dugger,
Hampton West Real Estate
Bought with:
Martha Zahuita, 76692
RSVP Brokers ERA
Source: NWMLS as distributed by MLS GRID,MLS#: 2131380
Facts & features
Interior
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 3,056
- Total interior livable area: 3,056 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 2
Features
- Patio & porch: Wall to Wall Carpet
- Pool features: Community
Lot
- Size: 10,275 sqft
- Features: Cul-De-Sac, Curbs, Dead End Street, Open Lot, Paved, Sidewalk, Athletic Court, Deck, Patio
Details
- Parcel number: 1322010300
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Lakehaven
Green energy
- Energy efficient items: Thermal Windows
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Panther Lake
HOA & financial
HOA
- HOA fee: $4,668 annually
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 633 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2024 | Sold | $909,500$298/sqft |
Source:  NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 5/20/2024 | Pending sale | $909,500$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 3/21/2024 | Listed for sale | $909,500$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 3/8/2024 | Pending sale | $909,500$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 3/7/2024 | Price change | $909,500-1.1%$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,626 +8.4% | $790,000 +10.3% |
| 2023 | $7,958 -3.1% | $716,000 -13.4% |
| 2022 | $8,216 -1.4% | $827,000 +13.3% |
Find assessor info on the county website
Neighborhood: West Campus
Nearby schools
GreatSchools rating
- 4/10Panther Lake Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.3 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$900,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$900,600
- Washington
- King County
- Federal Way
- 98003
- West Campus
- 34214 1st Place S