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$1,030,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 days ago

Listed by Martha Zahuita | RSVP Brokers ERA | (425) 519-3619 and Marco de la Barrera | RSVP Brokers ERA | (425) 519-3619

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Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

Full Property Details for 34214 1st Pl S

General

  • Price: $1,030,000
  • HOA FEE: $375/month
  • Taxes: $8,626 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2500500
  • Updated: 4/10/2026
  • Added to Site: 12 day(s) ago

Interior

  • Flooring: Laminate, Vinyl, Vinyl Plank, Carpet

Additional Information

  • Amenities: Deck, High Speed Internet, Patio
  • Pool: Yes
  • Pool Description: Community

Parking

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

Location

  • Area: 110 - Dash Point/Federal Way
  • County: King
  • Subdivision: Panther Lake
  • Building Name: CAMPUS VIEW DIV 2
  • Driving Directions: I5 to 348th St, Rt on 1st Ave S, Lt on 1st Pl S into Campus View. take first Rt.

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 Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,056
  • Year Built: 1977
  • Property Condition: Good

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.2359
  • Lot Size (Sq. Ft.): 10,276
  • Lot Size Source: Public Records-Buyer to verify
  • Lot Dimensions: 10276
  • Lot Features: Cul-De-Sac, Curbs, Open Space, Paved, Sidewalk
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Association Fee: $375
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $8,626
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1322010300
  • Block: K
  • Lot Number: 30

Listed by Martha Zahuita | RSVP Brokers ERA | (425) 519-3619 and Marco de la Barrera | RSVP Brokers ERA | (425) 519-3619

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Schools serving 34214 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
9-121.6 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 34214 1st Pl S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/02/2026
Listed
$1,030,000
13.25%
MLS
6/28/2024
Sold
$909,500
—
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 34214 1st Pl S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,626
8%
$790,000
-4%
2024
$7,958
-3%
$827,000
—
2022
$8,216
-2%
$827,000
13%
2021
$8,377
—
$730,000
6%
2021
$8,377
18%
$691,000
17%
2020
$7,127
23%
$591,000
20%
2019
$5,773
-9%
$493,000
12%
2018
$6,354
10%
$440,000
10%
2017
$5,801
-2%
$401,000
2%
2016
$5,944
14%
$394,000
12%
2015
$5,205
-14%
$352,000
-6%
2014
$6,074
—
$374,000
—
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 Martha Zahuita | RSVP Brokers ERA | (425) 519-3619 and Marco de la Barrera | RSVP Brokers ERA | (425) 519-3619

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34214 1st Place S, Federal Way, WA 98003 (MLS# 2500500) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 34214 1st Place S is currently listed for $1,030,000 and was received on April 02, 2026. Want to learn more about 34214 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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