34120 1st Place S | Image 1
New
34120 1st Place S | Image 2
34120 1st Place S | Image 3
34120 1st Place S | Image 4
34120 1st Place S | Image 5
34120 1st Place S | Image 6
34120 1st Place S | Image 7

$1,000,000

For Sale

4 days ago

MLS® 2491971

0 Bed

0 Bath

--

--

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $8,984
Days Active 3
Lot Size 0.2279 acres
Approx. Age 1977
MLS® Number 2491971

Property Address: 34120 1st Place S, Federal Way, WA, 98003

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

Description

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.
MLS® Number2491971
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2279
Exterior
GarageNo
Approx. Age1977
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$1,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
34120 1st Place S, Federal Way, WA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties