$1,200,000
Est. $6,169/mo27 S 342nd Place, Federal Way, WA 98003
• Listed 2026-08-20•8 days on market
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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.
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27 S 342nd Place, Federal Way, WA 98003
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$7,864 per month
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of August 20, 2026 at 09:13pm (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Pearl Lee • Q Star Seattle Corporation
Listing updated: August 20, 2026 at 09:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2571153
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Open Sun, Aug 30Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 15 days.
$825,000 Sold
4 weeks ago
•Single Family
34027 1st Place S, Federal Way, WA 98003
2%
Under list
—
Days on market
0.1 mi
Distance
$55,000 Sold
4 weeks ago
•Single Family
0 S 357th Street, Federal Way, WA 98003
39%
Under list
—
Days on market
0.9 mi
Distance
$560,000 Sold
3 months ago
3 bd•2.25 ba•~1,800 sq ft•Single Family
156 S 358th Street, Federal Way, WA 98003
2%
Over list
—
Days on market
0.9 mi
Distance
$500,000 Sold
3 months ago
3 bd•1 ba•~1,190 sq ft•Single Family
203 S 357th Street, Federal Way, WA 98003
0%
Over list
—
Days on market
0.9 mi
Distance
$830,000 Sold
4 months ago
•Single Family
115 S 339th Circle, Federal Way, WA 98003
5%
Under 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 Aug 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.
