Turnkey fourplex offering strong rental potential in the well-established Campus View community. All four two-bedroom, one-bath residences feature comfortable, functional floor plans with fireplaces, private balconies or patios, and the convenience of in-unit washers and dryers. Each unit includes a reserved covered parking space, plus guest parking for visitors.Professional on-site management simplifies ownership by handling the day-to-day operations, making this an attractive opportunity for both experienced investors and those entering the multifamily market. Ideally situated near shopping, restaurants, parks, and major commuter routes including I-5, Highway 99, and Highway 18, this property offers a desirable location that appeals to tenants. A quality investment with stable income potential in a convenient South King County location.
Active
Listed by: Windermere RE/Capitol Hill,Inc • Michael D. Harris
Price cut: $55K (9/11)
$840,000
177 S 340th Street, Federal Way, WA 98003
8beds
4baths
3,600sqft
Quadruplex, Multi Family
Built in 1977
-- sqft lot
$828,000 Zestimate®
$233/sqft
$375/mo HOA
What's special
Guest parking for visitorsReserved covered parking spaceIn-unit washers and dryersPrivate balconies or patios
- --
- on Zillow
- 260
- views
- 24
- saves
Zillow last checked:
Listing updated:
Listed by:
Michael D. Harris,
Windermere RE/Capitol Hill,Inc,
Beth Dennis,
Windermere RE/Capitol Hill,Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2567010
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- 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
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,626 Square Feet
- Features: Curbs, Dead End Street, Paved, Sidewalk, Deck, Patio
Details
- Parcel number: 1322010040
- Zoning description: Jurisdiction: City
- 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: 1977
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Community, Company: Lakehaven
Community & HOA
Community
- Subdivision: Federal Way
HOA
- HOA fee: $375 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $233/sqft
- Tax assessed value: $837,000
- Annual tax amount: $8,706
- Date on market: 8/10/2026
- Listing terms: Conventional
Estimated market value
$828,000
$787,000 - $869,000
$2,205/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $840,000-6.1%$233/sqft |
Source:  NWMLS as distributed by MLS GRID #2567010 Report a problem | ||
| 8/10/2026 | Listed for sale | $895,000$249/sqft |
Source: NWMLS as distributed by MLS GRID #2567010 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,390 +7.8% | $837,000 +3.8% |
| 2024 | $8,706 +3% | $806,000 +3.9% |
| 2023 | $8,456 -0.5% | $776,000 -10.8% |
| 2022 | $8,499 -8.2% | $870,000 +5.5% |
| 2021 | $9,257 -1.2% | $825,000 +5.1% |
| 2020 | $9,371 +24.8% | $785,000 +23.8% |
| 2019 | $7,507 +20.7% | $634,000 +16.8% |
| 2018 | $6,217 -7% | $543,000 +15% |
| 2017 | $6,685 +20.4% | $472,000 +10.3% |
| 2016 | $5,552 | $428,000 +2.4% |
| 2015 | $5,552 | $418,000 +8.9% |
| 2014 | $5,552 | $384,000 -0.3% |
| 2013 | $5,552 | $385,000 +4.9% |
| 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 | $2,705 -5.4% | $201,000 -2% |
| 2000 | $2,858 | $205,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Campus
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