$1,030,000
Est. $5,192/mo34214 1st Place S, Federal Way, WA 98003
• Listed 2026-04-02•57 days on market
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Based on information submitted to the MLS GRID as of April 21, 2026 at 06:28pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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.
Listed by Martha Zahuita • RSVP Brokers ERA
Listing updated: April 21, 2026 at 06:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2500500
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34214 1st Place S, Federal Way, WA 98003
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Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 9 days.
$830,000 Sold
8 weeks ago
•Single Family
115 S 339th Circle, Federal Way, WA 98003
5%
Under list
—
Days on market
0.2 mi
Distance
$859,000 Sold
5 months ago
•Single Family
23 S 342nd Place, Federal Way, WA 98003
0%
Over list
—
Days on market
0.1 mi
Distance
$590,000 Sold
5 months ago
3 bd•2 ba•~1,720 sq ft•Single Family
34716 4th Place S, Federal Way, WA 98003
2%
Under list
—
Days on market
0.4 mi
Distance
$599,950 Sold
6 months ago
3 bd•1.5 ba•~2,010 sq ft•Single Family
34609 4th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Federal Way School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
