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34214 1st Place S, Federal Way, WA 98003

Federal Way
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: martha zahuita, marco de la barrera
Office: rsvp brokers era
MLS#:2500500
Source:NWMLS
34214 1st Place S,Federal Way, WA 98003
$899,950
  • - Beds
  • - Baths
  • 3,056 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$899,950
  • Price per sq. ft.:$294.49
  • Monthly HOA dues:$375

About this home

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.

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Home facts

  • Year built:1977
  • Subdivision & Development:Panther Lake
  • Listing ID #:2500500
  • Updated:August 26, 2026 at 11:43 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Floor, Vinyl Plank
  • Living area:3,056 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1977
  • Building area:3,056 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Cul-De-Sac, Curbed Lot, Open Space, Paved, Sidewalk
  • Construction Materials:Wood Products Exterior Finish
  • Exterior Features:Deck, Patio

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:$899,950
  • Price per sq. ft.:$294.49
  • Tax amount:$8,626 (2025)

Features and amenities

  • Amenities:High Speed Internet

Parking

  • Total parking spaces:8
  • Carport spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 26, 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: Vicki Monteagudo

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