34120 1st Place S

Federal Way, WA 98003

  • Bed

  • Bath

  • 3600 SqFt

  • 3 DOM

  • Built: 1977

  • Status: Active

$1,000,000

X

34120 1st Place S

Federal Way 98003

$1000000

  • Bed

  • Bath

  • 3600 SqFt

  • 3 DOM

  • Built: 1977

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 3600

  • Tile

  • 54 - 4-Plex

  • 1977

  • Poured Concrete

  • Storage

Features and Utilities

  • Wood, Wood Products

  • Public

  • Sewer Connected

  • 0

Financial

  • 8984

  • Cash, Conventional, FHA, VA Loan

  • 03-13-2026

Comparable Information

  • 3

  • 3

  • Cash, Conventional, FHA, VA Loan

  • $1,000,000

  • $1,000,000

  • Mar 13, 2026 20:51

Schools

Elementary : Panther Lake El N/A Ratings
Middle : Illahee Jnr Hig N/A Ratings
High : Todd Beamer Hig N/A Ratings

Map

Listing courtesy of Real Broker LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 16, 2026 00:47 | Listing last modified Mar 13, 2026 20:51. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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