Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,. Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance. MLS 2501184 is also listed next door to make it a great assemblage portfolio.
Active
Listed by: Skyline Properties, Inc. • Sonny Kwan
Price cut: $26K (7/2)
$799,000
34025 1st Place S, Federal Way, WA 98003
4beds
4baths
--sqft
Quadruplex
Built in 1979
-- sqft lot
$796,200 Zestimate®
$--/sqft
$678/mo HOA
What's special
Balcony or deck
- 23 days |
- 201 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Sonny Kwan,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2535696
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Baseboard, Electric, Wood
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 7
- Carport spaces: 4
- Uncovered spaces: 3
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 10,275 Square Feet
- Features: Curbs, Paved, Sidewalk, Athletic Court, Cable TV, Deck, High Speed Internet, Patio
Details
- Parcel number: 1322020470
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Good
- Year built: 1979
- Major remodel year: 2021
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Panther Lake
HOA
- HOA fee: $678 monthly
Location
- Region: Federal Way
Financial & listing details
- Tax assessed value: $721,000
- Annual tax amount: $7,595
- Date on market: 6/8/2026
- Cumulative days on market: 25 days
- Listing terms: Conventional
Estimated market value
$796,200
$756,000 - $836,000
$2,776/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $799,000-3.2% |
Source:  NWMLS as distributed by MLS GRID #2535696 Report a problem | ||
| 6/9/2026 | Listed for sale | $825,000+23.2% |
Source: NWMLS as distributed by MLS GRID #2535696 Report a problem | ||
| 2/2/2021 | Sold | $669,500+35.3% |
Source: NWMLS as distributed by MLS GRID #1710617 Report a problem | ||
| 12/29/2020 | Pending sale | $495,000+20.7% |
Source: NWMLS as distributed by MLS GRID #1710617 Report a problem | ||
| 6/29/2017 | Sold | $410,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,198 +7.9% | $721,000 +3.9% |
| 2024 | $7,595 -10.7% | $694,000 -10.7% |
| 2023 | $8,505 +17.6% | $777,000 +6% |
| 2022 | $7,232 -8.2% | $733,000 +5.3% |
| 2021 | $7,875 +2.5% | $696,000 +9.1% |
| 2020 | $7,681 +20.7% | $638,000 +19.3% |
| 2019 | $6,363 +19.9% | $535,000 +16.1% |
| 2018 | $5,305 -5.2% | $461,000 +17.3% |
| 2017 | $5,594 +19.1% | $393,000 +8.6% |
| 2016 | $4,695 | $362,000 -2.4% |
| 2015 | $4,695 | $371,000 +14.9% |
| 2014 | $4,695 | $323,000 -0.9% |
| 2013 | $4,695 | $326,000 |
| 2012 | -- | $326,000 |
| 2011 | -- | $326,000 -6.9% |
| 2010 | -- | $350,000 |
| 2009 | -- | $350,000 +12.9% |
| 2007 | -- | $310,000 +47.6% |
| 2006 | -- | $210,000 |
| 2005 | -- | $210,000 +19.3% |
| 2001 | $2,377 -5.6% | $176,000 -2.2% |
| 2000 | $2,518 | $180,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: West Campus
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
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Federal Way
- 98003
- West Campus
- 34025 1st Place S
Nearby cities
Nearby neighborhoods
Nearby zip codes
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