A quiet and serene 4-plex multi-family home centrally located in Federal Way with convenient transportation. Extremely accessible to bus stop, light rail, shopping, and dining, with easy access to I-5, Hwy 99 and the king County library located right across the street. Great opportunity to own an income-generating 4-plex featuring an estimate Cap rate around 5%. All units are managed by on-site property management so it's easy and low maintenance to manage.
Active
Listed by: Q Star Seattle Corporation • Pearl Lee
$1,200,000
120 S 339th Circle, Federal Way, WA 98003
2beds
1baths
3,600sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$863,100 Zestimate®
$333/sqft
$678/mo HOA
What's special
- 1 day |
- 31 |
- 1 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Pearl Lee,
Q Star Seattle Corporation,
Sung-Bae Oh,
Q Star Seattle Corporation
Source: NWMLS as distributed by MLS GRID,MLS#: 2571118
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Baseboard, Radiant, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Total spaces: 4
- Carport spaces: 4
- Uncovered spaces: 2
Lot
- Size: 10,288 Square Feet
Details
- Parcel number: 1322020030
- Zoning description: Multi-Family,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1979
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Lakehaven
Community & HOA
Community
- Subdivision: Federal Way
HOA
- HOA fee: $678 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $780,000
- Annual tax amount: $8,906
- Date on market: 8/19/2026
- Cumulative days on market: 4 days
- Listing terms: Conventional
Estimated market value
$863,100
$785,000 - $949,000
$1,885/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Listed for sale | $1,200,000+83.2%$333/sqft |
Source:  NWMLS as distributed by MLS GRID #2571118 Report a problem | ||
| 2/19/2021 | Sold | $655,000+230%$182/sqft |
Source: Public Record Report a problem | ||
| 3/19/1999 | Sold | $198,500+13.4%$55/sqft |
Source: Public Record Report a problem | ||
| 6/30/1994 | Sold | $175,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,906 +8% | $780,000 +3.9% |
| 2024 | $8,246 -2.9% | $751,000 -3.2% |
| 2023 | $8,495 +8.7% | $776,000 -2.3% |
| 2022 | $7,812 -15.9% | $794,000 -3.8% |
| 2021 | $9,290 -1.2% | $825,000 +5.1% |
| 2020 | $9,401 +26.4% | $785,000 +25.2% |
| 2019 | $7,436 +19.4% | $627,000 +15.5% |
| 2018 | $6,227 -7.8% | $543,000 +14.1% |
| 2017 | $6,750 +21.4% | $476,000 +11.2% |
| 2016 | $5,561 | $428,000 +3.4% |
| 2015 | $5,561 | $414,000 +7.8% |
| 2014 | $5,561 | $384,000 -3.5% |
| 2013 | $5,561 | $398,000 +8.4% |
| 2012 | -- | $367,000 |
| 2011 | -- | $367,000 -5.4% |
| 2010 | -- | $388,000 |
| 2009 | -- | $388,000 +9.3% |
| 2007 | -- | $355,000 +45.5% |
| 2006 | -- | $244,000 |
| 2005 | -- | $244,000 +21.4% |
| 2001 | $2,698 -5.4% | $201,000 -2% |
| 2000 | $2,851 | $205,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Campus
Nearby schools
GreatSchools rating
- 2/10Panther Lake Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.5 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.7 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.
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