Attention investors! This well-maintained Panther Lake 4plex in Federal Way features 4 spacious 2-story units, each with 2 bedrooms, 1.5 baths, a cozy fireplace, dishwasher & in-unit washer/dryer. Exterior freshly painted in November! Dedicated covered parking spot for each unit + visitor parking. Patios/balconies with a woodsy overlook, great for nature lovers! Nearby community play area & sports court. Easy access to upcoming Light Rail. Convenient to shopping, dining, schools & parks. Close to I-5 and Hwy 18. All units are occupied w/good rental history (3 units updated & 1 newly updated). On-site professional mgmt makes the convenience of owning this 4plex a great option for investors near or far! Add to your investment portfolio today!
Sold
Listed by: Windermere RE West Campus Inc • John V. Siridakis
Bought with: The Agency Northwest
$1,015,000
24 S 341st Place, Federal Way, WA 98003
--beds
--baths
3,904sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$994,100 Zestimate®
$260/sqft
$2,343 Estimated rent
Home value
$994,100
$925,000 - $1.06M
$2,343/mo
Zestimate® history
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$2,343/mo
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$2,343/mo
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$6,859/mo
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$6,859/mo
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List your homeWhat's special
Cozy fireplaceVisitor parkingWell-maintained panther lakeConvenient to shoppingDedicated covered parking spot
Zillow last checked:
Listing updated:
Listed by:
John V. Siridakis,
Windermere RE West Campus Inc
Bought with:
Matt Jensen, 73801
The Agency Northwest
Source: NWMLS as distributed by MLS GRID,MLS#: 2167193
Facts & features
Interior
Heating
- Baseboard, Other – See Remarks, Electric, See Remarks, Wood
Cooling
- Has cooling: Yes
Features
- Flooring: Laminate, See Remarks, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,904
- Total interior livable area: 3,904 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 4
Features
- Patio & porch: Laminate Hardwood, Wall to Wall Carpet
- Has view: Yes
- View description: See Remarks, Territorial
Lot
- Size: 0.32 Acres
- Features: Cul-De-Sac, Open Lot, Paved, Secluded, Sidewalk, Cable TV, Deck, Patio
Details
- Parcel number: 1322020550
- Zoning description: Jurisdiction: See Remarks
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- See Remarks, Wood Siding, Wood Products
- Foundation: See Remarks
- Roof: Composition,See Remarks
Condition
- Good
- Year built: 1979
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public, See Remarks
Community & HOA
Community
- Subdivision: Federal Way
HOA
- HOA fee: $678 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $260/sqft
- Tax assessed value: $919,000
- Annual tax amount: $8,532
- Date on market: 2/8/2024
- Cumulative days on market: 895 days
- Listing terms: Conventional,FHA,See Remarks,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 2/29/2024 | Sold | $1,015,000-7.7%$260/sqft |
Source:  NWMLS as distributed by MLS GRID #2167193 Report a problem | ||
| 1/15/2024 | Pending sale | $1,100,000$282/sqft |
Source: NWMLS as distributed by MLS GRID #2167193 Report a problem | ||
| 1/8/2024 | Listed for sale | $1,100,000$282/sqft |
Source: NWMLS as distributed by MLS GRID #2167193 Report a problem | ||
| 12/15/2023 | Pending sale | $1,100,000$282/sqft |
Source: NWMLS as distributed by MLS GRID #2167193 Report a problem | ||
| 11/29/2023 | Listed for sale | $1,100,000$282/sqft |
Source: NWMLS as distributed by MLS GRID #2167193 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,346 +7.8% | $919,000 +3.8% |
| 2024 | $9,602 +1.5% | $885,000 +2.9% |
| 2023 | $9,462 +10.9% | $860,000 -0.2% |
| 2022 | $8,531 -4% | $862,000 +10.2% |
| 2021 | $8,885 +3.8% | $782,000 +10.5% |
| 2020 | $8,561 +2.4% | $708,000 +0.7% |
| 2019 | $8,362 +23.1% | $703,000 +19.2% |
| 2018 | $6,794 -5.9% | $590,000 +16.4% |
| 2017 | $7,220 +24% | $507,000 +9.5% |
| 2016 | $5,823 | $463,000 +2.9% |
| 2015 | $5,823 | $450,000 +12.5% |
| 2014 | $5,823 | $400,000 -4.3% |
| 2013 | $5,823 | $418,000 +8% |
| 2012 | -- | $387,000 |
| 2011 | -- | $387,000 -9.4% |
| 2010 | -- | $427,000 |
| 2009 | -- | $427,000 +15.4% |
| 2007 | -- | $370,000 +28.5% |
| 2006 | -- | $288,000 |
| 2005 | -- | $288,000 +39.8% |
| 2001 | $2,791 -5.3% | $206,000 -1.9% |
| 2000 | $2,947 | $210,000 |
Find assessor info on the county website
Neighborhood: West Campus
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Nearby schools
GreatSchools rating
- 2/10Panther 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
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Estimated market value
$994,100
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Estimated market value
$994,100
- Washington
- King County
- Federal Way
- 98003
- West Campus
- 24 S 341st Place
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