About 34214 1st Place S
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.
Features of 34214 1st Place S
| MLS® # | 2500500 |
|---|---|
| Price | $899,950 |
| Square Footage | 3,056 |
| Acres | 0.24 |
| Year Built | 1977 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 34214 1st Place S |
|---|---|
| Area | 110 - Dash Point/Federal Way |
| Subdivision | Panther Lake |
| City | Federal Way |
| County | King |
| State | WA |
| Zip Code | 98003 |
Amenities
| Parking Spaces | 8 |
|---|---|
| View | Territorial |
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Wood Products |
|---|---|
| Lot Description | Cul-De-Sac, Curbs, Open Space, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Federal Way |
|---|---|
| Elementary | Panther Lake Elem |
| Middle | Illahee Jnr High |
| High | Todd Beamer High |
Additional Information
| Date Listed | April 2nd, 2026 |
|---|---|
| Days on Market | 147 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RSVP Brokers ERA |
|---|