$1,200,000
Est. $6,355/mo27 S 342nd Place, Federal Way, WA 98003
• Listed Aug 20, 2026•33 days active · 33 cumulative
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Listing Broker: Q Star Seattle Corporation; Pearl Lee; 425-772-7659
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.
Listed by Pearl Lee • Q Star Seattle Corporation
Listing updated: September 15, 2026 at 07:33pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2571153
27 S 342nd Place, Federal Way, WA 98003
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
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.
$8,050 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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 5 days.
$825,000 Sold
8 weeks ago
•Single Family
34027 1st Place S, Federal Way, WA 98003
2%
Under list
133
Days on market
0.1 mi
Distance
$55,000 Sold
8 weeks ago
•Single Family
0 S 357th Street, Federal Way, WA 98003
39%
Under list
636
Days on market
0.9 mi
Distance
$560,000 Sold
4 months ago
3 bd•2.25 ba•~1,800 sq ft•Single Family
156 S 358th Street, Federal Way, WA 98003
2%
Over list
169
Days on market
0.9 mi
Distance
$500,000 Sold
4 months ago
3 bd•1 ba•~1,190 sq ft•Single Family
203 S 357th Street, Federal Way, WA 98003
0%
Over list
106
Days on market
0.9 mi
Distance
$830,000 Sold
5 months ago
•Single Family
115 S 339th Circle, Federal Way, WA 98003
5%
Under list
212
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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 15, 2026 at 07:33pm (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.
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