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27 S 342nd Place, Federal Way, WA 98003

Federal Way
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: pearl lee, sung-bae oh
Office: q star seattle corporation
MLS#:2571153
Source:NWMLS
27 S 342nd Place,Federal Way, WA 98003
$1,200,000
  • - Beds
  • - Baths
  • 3,600 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$333.33
  • Monthly HOA dues:$678

About this home

A quiet and serene 4-plex multi-family home centrally located in Federal Way with convenient transportation. Extremely accessible to bus, light rail, shopping center, and dining, with easy access to I-5, Hwy 99 and the King County library located right across the street. Great opportunity to own an income-generating 4-plex featuring an estimate Cap rate around 5%. All units are managed by on-site property management so it's easy and low maintenance to manage.

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Home facts

  • Year built:1979
  • Subdivision & Development:Central Federal Way
  • Listing ID #:2571153
  • Updated:September 12, 2026 at 11:17 AM

Rooms and interior

  • Living area:3,600 sq. ft.

Heating and cooling

  • Heating:Baseboard, Radiant

Structure and exterior

  • Roof:Composition
  • Year built:1979
  • Building area:3,600 sq. ft.
  • Lot area:0.32 Acres
  • Construction Materials:Wood Exterior Finish

Schools

  • High school:Todd Beamer High
  • Middle school:Illahee Jnr High
  • Elementary school:Panther Lake Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$333.33
  • Tax amount:$8,604 (2025)

Parking

  • Total parking spaces:2
  • Carport spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 12, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Greg Lund

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