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$1,200,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago

Listed by Pearl Lee | Q Star Seattle Corporation | (425) 772-7659 and Sung-Bae Oh | Q Star Seattle Corporation | (425) 772-7659

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A quiet and serene 4-plex multi-family home centrally located in Federal Way with convenient transportation. Extremely accessible to bus, light rail, shopping center, and dining, with easy access to I-5, Hwy 99 and the King County library located right across the street. Great opportunity to own an income-generating 4-plex featuring an estimate Cap rate around 5%. All units are managed by on-site property management so it's easy and low maintenance to manage.

Full Property Details for 27 S 342nd Pl

General

  • Price: $1,200,000
  • HOA FEE: $678/month
  • Taxes: $8,604 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2571153
  • Updated: 8/23/2026
  • Added to Site: 8 day(s) ago

Parking

  • Carport Spaces: 4
  • Uncovered Spaces: 2

Location

  • Area: 110 - Dash Point/Federal Way
  • County: King
  • Subdivision: Central Federal Way
  • Building Name: Campus View Div 03
  • Driving Directions: GPS is the most accurate option

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, Radiant

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: 3,600
  • Year Built: 1979
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.3163
  • Lot Size (Sq. Ft.): 13,780
  • Lot Size Source: Realist

Financial Considerations

  • Association Fee: $678
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $8,604
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1322020660

Listed by Pearl Lee | Q Star Seattle Corporation | (425) 772-7659 and Sung-Bae Oh | Q Star Seattle Corporation | (425) 772-7659

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Schools serving 27 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
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 27 S 342nd Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/20/2026
Listed
$1,200,000
83.21%
MLS
1/19/2021
Sold
$655,000
—
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 27 S 342nd Pl

Year
Property Taxes
Change
Tax Assessment
Change
2026
$8,604
8%
$755,000
4%
2024
$7,962
-2%
$727,000
1%
2024
$8,161
15%
$723,000
—
2022
$7,083
-9%
$723,000
—
2021
$7,823
—
$726,000
11%
2021
$7,823
3%
$654,000
3%
2020
$7,604
20%
$638,000
16%
2019
$6,322
-6%
$548,000
17%
2018
$6,704
9%
$470,000
9%
2017
$6,140
-2%
$430,000
2%
2016
$6,273
12%
$421,000
10%
2015
$5,596
-13%
$384,000
-4%
2014
$6,396
—
$398,000
—
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 Pearl Lee | Q Star Seattle Corporation | (425) 772-7659 and Sung-Bae Oh | Q Star Seattle Corporation | (425) 772-7659

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27 S 342nd Place, Federal Way, WA 98003 (MLS# 2571153) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 27 S 342nd Place is currently listed for $1,200,000 and was received on August 20, 2026. Want to learn more about 27 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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