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$1,050,000

  • Sold
  • Closed
  • Multi-Family

Listed by Stephen Janho | Windermere RE West Campus Inc | (253) 838-7900 and Beck Nordstrom | Windermere RE West Campus Inc | (253) 838-7900
Sold by Anders Ibsen | Windermere Prof Partners and Ashley L Mills | Windermere Prof Partners

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Excellent investment opportunity! This spacious 4-plex offers 3,904 rentable sq ft and strong income potential. Each unit is 2 bedroom, 1.5 baths and 3 units have been updated with fresh paint and carpet. Units provide comfortable living space, making it ideal for both long-term tenants and short-term rentals. Located in a desirable area with easy access to amenities, transit and schools. This property is perfect for savvy investors looking to grow their portfolio. Don't miss your chance to own a high-demand multi-unit in a prime location just minutes from new Sound Transit light rail and all the services you can imagine.

Full Property Details for 23 S 338th Pl

General

  • Sold For: $1,050,000
  • HOA FEE: $678/month
  • Taxes: $9,482 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2397419
  • Added to Site: 205 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Deck, High Speed Internet

Parking

  • Carport Spaces: 1
  • Uncovered Spaces: 1

Location

  • Area: 110 - Dash Point/Federal Way
  • County: King
  • Subdivision: Federal Way
  • Building Name: Campus View 03
  • Driving Directions: West on S 348th St, North on 1st Ave S, Turns into 1st Way S, Left on S 340th St, Right on 1st Pl S, Left on 338th.

School Information

  • High School District: Federal Way
  • Elementary School: Panther Lake Elem
  • Middle School: Illahee Jnr High
  • High School: Todd Beamer High

Community

  • Association: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood, Wood Products
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,904
  • Year Built: 1979
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.2818
  • Lot Size (Sq. Ft.): 12,274
  • Lot Size Source: Realist Report
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Association Fee: $678
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $9,482
  • Tax Year: 2024
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1322020310
  • Lot Number: 31

Listed by Stephen Janho | Windermere RE West Campus Inc | (253) 838-7900 and Beck Nordstrom | Windermere RE West Campus Inc | (253) 838-7900
Sold by Anders Ibsen | Windermere Prof Partners and Ashley L Mills | Windermere Prof Partners

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 23 S 338th Pl

School District:Federal Way School District
NameGradesDistance
Panther Lake Elementary School, Federal Way, WA
34424 1st Avenue South, Federal Way, WA 98003
K-50.3 mi
Illahee Middle School
36001 1st Avenue South, Federal Way, WA 98003
6-81.4 mi
Todd Beamer High School
35999 16th Avenue South, Federal Way, WA 98003
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 23 S 338th Pl

Date
Details
Price
Change
Source
9/03/2025
Sold
$1,050,000
0.48%
MLS
7/11/2025
Price Reduced
$1,044,995
-1.88%
MLS
6/26/2025
Listed
$1,064,995
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Stephen Janho | Windermere RE West Campus Inc | (253) 838-7900 and Beck Nordstrom | Windermere RE West Campus Inc | (253) 838-7900
Sold by Anders Ibsen | Windermere Prof Partners and Ashley L Mills | Windermere Prof Partners

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23 S 338th Place, Federal Way, WA 98003 (MLS# 2397419) is a Multi-Family property that was sold at $1,050,000 on September 03, 2025. Want to learn more about 23 S 338th Place? Do you have questions about finding other Multi-Family real estate for sale in Federal Way? You can browse all Federal Way real estate or contact a Coldwell Banker agent to request more information.