34027 1st Place S, Federal Way, 98003
MLS® #: 2494441
Active, 55 Days on Market
Listing Office: Windermere Real Estate/PSR Inc
Last Update: 2026-05-14
0
Garages
55
Dom
3,056
Square feet
0.24
Acres
1979
Built
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!
Features of 34027 1st Place S
| MLS® # | 2494441 |
|---|---|
| Price | $899,950 |
| Bathrooms | 0.00 |
| Square Footage | 3,056 |
| Acres | 0.24 |
| Year Built | 1979 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 34027 1st Place S |
|---|---|
| Area | 110 - Dash Point/Federal Way |
| Subdivision | West Campus |
| City | Federal Way |
| County | King |
| State | WA |
| Zip Code | 98003 |
Amenities
| View | Territorial |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Metal/Vinyl, Wood |
|---|---|
| Lot Description | Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Federal Way |
|---|---|
| Elementary | Panther Lake Elem |
| Middle | Illahee Jnr High |
| High | Todd Beamer High |
Additional Information
| Days on Market | 55 |
|---|---|
| Cumulative Days on Market | 55 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $8,473 |
| HOA Dues | 677.8 |
Listing Details
| Office | Windermere Real Estate/PSR Inc |
|---|
