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.
Active
Listed by: RSVP Brokers ERA
$1,030,000
34214 1st Place S, Federal Way, WA 98003
8beds
4baths
3,056sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$1,003,000 Zestimate®
$337/sqft
$375/mo HOA
What's special
Guest parkingIn-unit washer and dryerFunctional floor planPrivate balcony or patioUpdated interiorsAdditional uncovered parking spaces
- 5 days |
- 188 |
- 5 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 02, 2026 at 11:17am
Listed by:
Martha Zahuita,
RSVP Brokers ERA,
Marco de la Barrera,
RSVP Brokers ERA
Source: NWMLS as distributed by MLS GRID,MLS#: 2500500
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Vinyl Plank, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 3,056
- Total interior livable area: 3,056 sqft
Property
Parking
- Total spaces: 8
- Carport spaces: 4
- Uncovered spaces: 4
Features
- Pool features: Community
- Has view: Yes
- View description: Territorial
Lot
- Size: 10,275.8 Square Feet
- Dimensions: 10276
- Features: Cul-De-Sac, Curbs, Open Lot, Paved, Sidewalk, Deck, High Speed Internet, Patio
Details
- Parcel number: 1322010300
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1977
- Major remodel year: 1977
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lakeheaven
- Water: Public, Company: Lakeheaven
- Utilities for property: Xfinity
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Panther Lake
HOA
- HOA fee: $375 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $337/sqft
- Tax assessed value: $790,000
- Annual tax amount: $8,626
- Date on market: 4/1/2026
- Cumulative days on market: 6 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$1,003,000
$953,000 - $1.05M
$1,891/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Listed for sale | $1,030,000+13.2%$337/sqft |
Source:  NWMLS as distributed by MLS GRID #2500500 Report a problem | ||
| 7/1/2024 | Sold | $909,500$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 5/20/2024 | Pending sale | $909,500$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 3/21/2024 | Listed for sale | $909,500$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 3/8/2024 | Pending sale | $909,500$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 3/7/2024 | Price change | $909,500-1.1%$298/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 1/22/2024 | Price change | $919,500-1.1%$301/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 10/13/2023 | Price change | $929,500-2.2%$304/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 9/25/2023 | Listed for sale | $950,000$311/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 9/18/2023 | Pending sale | $950,000$311/sqft |
Source: NWMLS as distributed by MLS GRID #2131380 Report a problem | ||
| 6/27/2023 | Listed for sale | $950,000+130.4%$311/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2131380 Report a problem | ||
| 12/19/2006 | Sold | $412,250$135/sqft |
Source: NWMLS as distributed by MLS GRID #26129993 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,626 +8.4% | $790,000 +10.3% |
| 2023 | $7,958 -3.1% | $716,000 -13.4% |
| 2022 | $8,216 -1.4% | $827,000 +13.3% |
| 2021 | $8,330 -0.6% | $730,000 +5.6% |
| 2020 | $8,377 +17.5% | $691,000 +16.9% |
| 2019 | $7,127 +23.4% | $591,000 +19.9% |
| 2018 | $5,773 -9.1% | $493,000 +12% |
| 2017 | $6,354 +22.1% | $440,000 +9.7% |
| 2016 | $5,205 | $401,000 +1.8% |
| 2015 | $5,205 | $394,000 +11.9% |
| 2014 | $5,205 | $352,000 -5.9% |
| 2013 | $5,205 | $374,000 +9% |
| 2012 | -- | $343,000 |
| 2011 | -- | $343,000 -8.3% |
| 2010 | -- | $374,000 |
| 2009 | -- | $374,000 +15.1% |
| 2007 | -- | $325,000 +45.7% |
| 2006 | -- | $223,000 |
| 2005 | -- | $223,000 +13.8% |
| 2001 | $2,731 -5.4% | $196,000 -2% |
| 2000 | $2,886 | $200,000 |
Find assessor info on the county website
Monthly payment
Est. payment
$6,080/mo
Principal & interest
$5001
Property taxes
$704
HOA Fees
$375
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Climate risks
Neighborhood: West Campus
Nearby schools
GreatSchools rating
- 4/10Panther Lake Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.3 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Panther Lake Elem
- Middle: Illahee Jnr High
- High: Todd Beamer High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 98003
- Washington
- King County
- Federal Way
- 98003
- West Campus
- 34214 1st Place S
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