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$859,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • Updated 9 days ago

Listed by Scott Fladseth | Skyline Properties, Inc. | (425) 455-2065

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Turnkey Investment in a great community. Features 4 occupied spacious units w/functional layouts. 2 units w/2 beds, 1 full bath and 2 units w/1 bed, 1 full bath with a loft and vaulted ceilings - 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 schools, library, shopping, restaurants, hospital, Redondo beach, Costco & Winco. 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.

Full Property Details for 23 S 342nd Pl

General

  • Price: $859,000
  • HOA FEE: $677/month
  • Taxes: $7,870 (2025)
  • Status: Pending
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2451216
  • Updated: 1/8/2026
  • Added to Site: 79 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Athletic Court, Cable TV, Deck, High Speed Internet, Patio

Parking

  • Carport Spaces: 4
  • Uncovered Spaces: 4

Location

  • Area: 110 - Dash Point/Federal Way
  • County: King
  • Subdivision: Panther Lake
  • Driving Directions: GPS is correct.

School Information

  • High School District: Federal Way

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
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,712
  • Year Built: 1979
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.2965
  • Lot Size (Sq. Ft.): 12,915
  • Lot Size Source: County Records
  • Lot Features: Adjacent to Public Land, Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Association Fee: $677
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $7,870
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1322020580

Listed by Scott Fladseth | Skyline Properties, Inc. | (425) 455-2065

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Schools serving 23 S 342nd Pl

School District:Federal Way School District
NameGradesDistance
Panther Lake Elementary School, Federal Way, WA
34424 1st Avenue South, Federal Way, WA 98003
K-50.1 mi
Illahee Middle School
36001 1st Avenue South, Federal Way, WA 98003
6-81.2 mi
Todd Beamer High School
35999 16th Avenue South, Federal Way, WA 98003
9-121.6 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 342nd Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Price Reduced
$859,000
-1.15%
MLS
10/30/2025
Listed
$869,000
467.97%
MLS
7/24/1990
Sold
$153,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 23 S 342nd Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,091
—
$723,000
-1%
2024
$8,091
12%
$730,000
—
2022
$7,221
2%
$730,000
15%
2021
$7,053
—
$634,000
9%
2021
$7,053
13%
$583,000
11%
2020
$6,253
21%
$523,000
17%
2019
$5,177
-9%
$447,000
13%
2018
$5,664
12%
$396,000
12%
2017
$5,058
-6%
$353,000
-2%
2016
$5,391
15%
$361,000
12%
2015
$4,693
-17%
$321,000
-9%
2014
$5,679
—
$353,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Scott Fladseth | Skyline Properties, Inc. | (425) 455-2065

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23 S 342nd Place, Federal Way, WA 98003 (MLS# 2451216) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 23 S 342nd Place is currently listed for $859,000 and was received on October 30, 2025. Want to learn more about 23 S 342nd 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.

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