For Sale
Multi family home for sale at 34246 1st Place S, Federal Way, WA 98003 | MLS# NWM2586121 | Listing updated on 2026-09-23
Photo 1 of Multi family home for sale at 34246 1st Place S, Federal Way, WA 98003 | MLS# NWM2586121 | Listing updated on 2026-09-23
Photo 2 of Multi family home for sale at 34246 1st Place S, Federal Way, WA 98003 | MLS# NWM2586121 | Listing updated on 2026-09-23
Photo 3 of Multi family home for sale at 34246 1st Place S, Federal Way, WA 98003 | MLS# NWM2586121 | Listing updated on 2026-09-23
Photo 4 of Multi family home for sale at 34246 1st Place S, Federal Way, WA 98003 | MLS# NWM2586121 | Listing updated on 2026-09-23
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Listed by: Scott Fladseth (206) 795-9500 | Skyline Properties, Inc. (425) 455-2065

$895,000

Monthly Est:$4,455

  • Beds Icon4 Beds
  • Beds Icon
    4 Baths
  • Beds Icon3,000sqft

34246 1st Place S, Federal Way, WA 98003

$4,455/moEst:

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  • Multi Family

  • Built in 1977

  • $375/mo HOA

  • 9,810 sqft lot

  • $298/sq.ft

Description

Turnkey 4 Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts, large deluxe units w/1 bed, 1 full bath - highly desirable units. All units have a cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spots for each unit + visitor parking. New roof in 2024, New siding in 2024, new exterior and interior paint in 2024. Prime location close to Redondo beach, Costco, Winco, shopping malls, restaurants, schools, parks, library & hospitals. Community sports courts, play areas and amenities. Easy access to I-5, Hwy 99, Hwy 18 and upcoming light rail for commuters. Great cash flowing property for Investors, Owner occupied buyers & VA buyers.

  • Houzeo last checked: 11 hours ago
  • Listing updated: September 23, 2026 at 6:31 pm
  • Source: Northwest Multiple Listing Service | MLS#: NWM2586121 Northwest Multiple Listing Service

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    2

  • County

    King County

  • City

    Federal Way

  • Neighborhood

    --

  • Year Built

    1977

  • HOA Fees

    $375/mo

  • Finished Area

    3,000 sqft

  • Lot Size

    9,810 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Northwest Multiple Listing Service

  • MLS Number

    NWM2586121

  • MLS Status

    Active

  • Days on Market

    9

  • Cumulative Days on Market

    9

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Location

HOA Management

N/A

HOA Fees

$375/ Monthly

Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 4

    Bathrooms: 4

Interior

  • Flooring

    Engineered Hardwood, Vinyl, Vinyl Plank, Carpet

  • Exterior Features

    Wood, Wood Products

  • Sewer

    Sewer Connected

  • Heating

    Forced Air

  • Cooling

    None

Construction

  • Year Built

    Year Built: 1977

  • Home type

    Multi Family

  • Roof

    Composition

  • Property Condition

    Very Good

  • Foundation Details

    Poured Concrete

  • Construction Materials

    Wood

Utilities & Energy

  • Water Source

    Public

Other Features

  • Lot Features

    Corner Lot, Curbs, Open Space, Paved, Sidewalk

  • Subdivision Name

    West Campus

Price History

DateEventPrice

09/23/2026

Source: mls_logoNorthwest Multiple Listing Service #NWM2586121

Listed for Sale

$895,000

$298/sqft

Nearby Homes

Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.


IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.

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