34214 1st Place S, Federal Way, WA 98003

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 3, 2026 at 1:22AM

Listing Office:

RSVP Brokers ERA : 425-519-3619

Listing Agent:

Martha Zahuita : 425-519-3619

MLS ID:

2500500

Interior

• Flooring: LaminateVinylVinyl PlankCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0
• Eco/Green Feature: Thermal Windows

Exterior

• General: Wood Products
• Pool: Community
• Parking: Parking spaces: 8

Construction

• Roofing: Composition
• General: 54 - 4-PlexPoured Concrete

Location

• HOA Amenities: 375.0Monthly
• Originating MLS: nwmls
• School District: Federal Way
• County: King

Lot

• Zoning: 1322010300
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls