Substantial Price Reduction because one unit sold separately. Bring your Investor to this Portfolio of 6 Condominiums at Maplewood. One owner and a board member for more than 20 years. All units have new upgraded electrical panels, water heaters, roofs, energy-efficient vinyl windows and more. (4) 2-bedroom units and (2) 1 bedroom with spacious living rooms with private decks and patios with much greenery. Great full-time staff and optional rental group membership to make this a Turnkey investment with nothing to do but see the rental checks come in and grow. Even add or sell units to your portfolio. Conveniently located near Twin Lakes golf course, shopping, Dash Point, and major transit options, including the light rail and I-5.
Active
Listed by:
Scott Rochlin,
Berkshire Hathaway HS NW
Price cut: $251K (10/23)
$1,199,000
4520 321 Street, Federal Way, WA 98023
12beds
4,376sqft
Est.:
Condominium
Built in 1977
-- sqft lot
$1,168,000 Zestimate®
$274/sqft
$3,050/mo HOA
What's special
New upgraded electrical panelsWater heatersPrivate decks and patiosEnergy-efficient vinyl windows
- 182 days |
- 235 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: October 22, 2025 at 05:27pm
Listed by:
Scott Rochlin,
Berkshire Hathaway HS NW
Source: NWMLS,MLS#: 2381328
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
- Full bathrooms: 7
- Main level bathrooms: 7
- Main level bedrooms: 12
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Description: Master Bedroom
- Level: Main
Bedroom
- Description: Second bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Description: main bath
- Level: Main
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 4,376
- Total interior livable area: 4,376 sqft
Property
Parking
- Parking features: Uncovered
Features
- Levels: One
- Stories: 1
Details
- Parcel number: 512600042000
- Special conditions: Standard
- Other equipment: Leased Equipment: washer dryers
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1977
- Major remodel year: 1977
Utilities & green energy
- Electric: Company: PSE
- Sewer: Company: HOA
- Water: Company: HOA
Community & HOA
Community
- Features: Pool
- Security: Security Service
- Subdivision: Twin Lakes
HOA
- Services included: Common Area Maintenance, Earthquake Insurance, Maintenance Grounds, Road Maintenance, Security, Sewer, Water
- HOA fee: $3,050 monthly
- HOA phone: 253-925-2242
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $274/sqft
- Annual tax amount: $14,262
- Date on market: 6/5/2025
- Cumulative days on market: 203 days
- Listing terms: Cash Out,Conventional,Owner Will Carry
- Inclusions: Leased Equipment
- Total actual rent: 9400
Estimated market value
$1,168,000
$1.11M - $1.23M
$3,052/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2025 | Price change | $1,199,000-17.3%$274/sqft |
Source:  NWMLS #2381328 Report a problem | ||
| 6/12/2025 | Listed for sale | $1,450,000$331/sqft |
Source: NWMLS #2381328 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$10,217/mo
Principal & interest
$5928
HOA Fees
$3050
Other costs
$1239
Climate risks
Neighborhood: Twin Lakes
Nearby schools
GreatSchools rating
- 7/10Twin Lakes Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Lakota Middle SchoolGrades: 6-8Distance: 1.8 mi
- 3/10Decatur High SchoolGrades: 9-12Distance: 1 mi
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