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$825,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 hours ago

Listed by Sonny Kwan | Skyline Properties, Inc. | (206) 522-3400

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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.

Full Property Details for 34025 1st Pl S

General

  • Price: $825,000
  • HOA FEE: $678/month
  • Taxes: $7,595 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2535696
  • Updated: 6/23/2026
  • Added to Site: 15 day(s) ago

Interior

  • Flooring: Vinyl Plank, Carpet

Additional Information

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

Parking

  • Carport Spaces: 4
  • Covered Spaces: 4
  • Uncovered Spaces: 3

Location

  • Area: 110 - Dash Point/Federal Way
  • County: King
  • Subdivision: Panther Lake
  • Driving Directions: I5 exit 142B, Continue westbound on S 348th St, Right on 1st Ave S, Left on 1st Pl. S. Drive approximately 800 feet or 3.8 to property on left side on corner of 1st Pl S.

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: Slab
  • Roof: Composition
  • Stories in Building: 2
  • Year Built: 1979
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.2359
  • Lot Size (Sq. Ft.): 10,278
  • Lot Size Source: Public records
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Association Fee: $678
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $7,595
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1322020470

Listed by Sonny Kwan | Skyline Properties, Inc. | (206) 522-3400

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Schools serving 34025 1st Pl S

School District:Federal Way School District
NameGradesDistance
Panther Lake Elementary School, Federal Way, WA
34424 1st Avenue South, Federal Way, WA 98003
K-50.2 mi
Illahee Middle School
36001 1st Avenue South, Federal Way, WA 98003
6-81.3 mi
Todd Beamer High School
35999 16th Avenue South, Federal Way, WA 98003
9-121.7 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 34025 1st Pl S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/09/2026
Listed
$825,000
23.23%
MLS
1/27/2021
Sold
$669,500
—
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 34025 1st Pl S

Year
Property Taxes
Change
Tax Assessment
Change
2026
$8,198
8%
$721,000
4%
2024
$7,595
-11%
$694,000
-5%
2024
$8,505
18%
$733,000
—
2022
$7,232
-6%
$733,000
5%
2021
$7,681
—
$696,000
9%
2021
$7,681
21%
$638,000
19%
2020
$6,363
20%
$535,000
16%
2019
$5,305
-5%
$461,000
17%
2018
$5,594
8%
$393,000
9%
2017
$5,156
-6%
$362,000
-2%
2016
$5,509
17%
$371,000
15%
2015
$4,695
-10%
$323,000
-1%
2014
$5,230
—
$326,000
—
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 Sonny Kwan | Skyline Properties, Inc. | (206) 522-3400

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34025 1st Place S, Federal Way, WA 98003 (MLS# 2535696) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 34025 1st Place S is currently listed for $825,000 and was received on June 09, 2026. Want to learn more about 34025 1st Place S? 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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