Turnkey 4 Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts, large deluxe units w/1 bed, 1 full bath - highly desirable units. All units have a cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spots for each unit + visitor parking. New roof in 2024, New siding in 2024, new exterior and interior paint in 2024. Prime location close to Redondo beach, Costco, Winco, shopping malls, restaurants, schools, parks, library & hospitals. Community sports courts, play areas and amenities. Easy access to I-5, Hwy 99, Hwy 18 and upcoming light rail for commuters. Great cash flowing property for Investors, Owner occupied buyers & VA buyers.
Active
Listed by: Skyline Properties, Inc. • Michael Fladseth • 425-522-2900
$895,000
34246 1st Place S, Federal Way, WA 98003
4beds
4baths
3,000sqft
Quadruplex, Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$298/sqft
$375/mo HOA
What's special
Visitor parkingSpacious unitsPlay areasFunctional layoutsCommunity sports courtsBalcony or deck
- --
- on Zillow
- 137
- views
- 3
- saves
Zillow last checked:
Listing updated:
Listed by:
Michael Fladseth 425-522-2900 scott@scottsdreamhomes.com,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2586121
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air, Electric
Cooling
- None
Features
- Flooring: Engineered Hardwood, Vinyl, Vinyl Plank, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 8
- Carport spaces: 4
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,809 Square Feet
- Features: Corner Lot, Curbs, Open Lot, Paved, Sidewalk, Athletic Court, Cable TV, Deck, High Speed Internet, Patio
Details
- Parcel number: 1322010220
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1977
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: West Campus
HOA
- HOA fee: $375 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $802,000
- Annual tax amount: $8,998
- Date on market: 9/23/2026
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Listed for sale | $895,000$298/sqft |
Source:  NWMLS as distributed by MLS GRID #2586121 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,998 +7.7% | $802,000 +3.9% |
| 2024 | $8,352 0% | $772,000 +1.7% |
| 2023 | $8,354 +14% | $759,000 +2.7% |
| 2022 | $7,325 +0.9% | $739,000 +16% |
| 2021 | $7,260 +0.9% | $637,000 +7.2% |
| 2020 | $7,197 +10.5% | $594,000 +10.2% |
| 2019 | $6,511 +21% | $539,000 +17.4% |
| 2018 | $5,382 -6.1% | $459,000 +15.9% |
| 2017 | $5,731 +19.8% | $396,000 +8.2% |
| 2016 | $4,785 | $366,000 +0.5% |
| 2015 | $4,785 | $364,000 +12.7% |
| 2014 | $4,785 | $323,000 -0.9% |
| 2013 | $4,785 | $326,000 |
| 2012 | -- | $326,000 |
| 2011 | -- | $326,000 -5.5% |
| 2010 | -- | $345,000 |
| 2009 | -- | $345,000 +11.3% |
| 2007 | -- | $310,000 +47.6% |
| 2006 | -- | $210,000 |
| 2005 | -- | $210,000 +19.3% |
| 2001 | $2,457 -5.6% | $176,000 -2.2% |
| 2000 | $2,603 | $180,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Campus
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