• Business - 360.352.7651
  • Cell - 360.239.5740

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Listing provided courtesy of RSVP Brokers ERANWMLSMLS# NWM2500500MLS Provider
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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.

Source: NWMLS, MLS#: NWM2500500

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  • Property Type
    Residential Income
  • Lot
    0.24 acres

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Cherie McNeal

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  • Median Age
    35
  • Population Density
    4,212
  • College Educated
    37%
  • Estimated Median Income
    $59,560
  • Estimated Total Home Owners
    8,722
  • Estimated Total Renters
    9,793
  • Owner / Renter Divide
    47% / 53%
  • Estimated Average Household Size
    3
  • Total Population
    49,445
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 34214 1st Place S

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/23/2026Source: NWMLS Price Reduction
$899,950 -12.6%
4/2/2026Source: NWMLS Added to Database
April 02, 2026
7/2/2024Source: NWMLS Status Change
Sold
6/12/2024Source: NWMLS Status Change
Pending
5/20/2024Source: NWMLS Status Change
Pending Inspection
3/21/2024Source: NWMLS Status Change
Active
3/8/2024Source: NWMLS Status Change
Pending Feasibility
3/7/2024Source: NWMLS Price Reduction
$909,500 -1.1%
1/22/2024Source: NWMLS Price Reduction
$919,500 -1.1%
10/13/2023Source: NWMLS Price Reduction
$929,500 -2.2%
9/25/2023Source: NWMLS Status Change
Active
9/18/2023Source: NWMLS Status Change
Pending Inspection
6/27/2023Source: NWMLS Added to Database
June 27, 2023
6/20/2022Source: NWMLS Added to Database
June 01, 2021