34214 1st Place South
34214 1st Place South
Federal Way, WA 98003
$909,500
Price
8
Beds
4
Baths
3,056 Sq. Ft.
$298 / Sq. Ft.
3,056
Sq. Ft.
$298
per Sq. Ft.
Listing provided courtesy of Hampton West Real Estate
Description
Below market rents with potential to increase at the end of the year. Don’t miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units, each with 2 bedrooms, 1 bathroom, a fireplace, a balcony or patio, and in unit washer and dryer. Dedicated covered parking for each unit plus 2 guest spaces. Great location convenient to shopping, dining, schools, and parks. Good access to I-5 and Hwy 18 for commuters. All units are currently occupied with great...Below market rents with potential to increase at the end of the year. Don’t miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units, each with 2 bedrooms, 1 bathroom, a fireplace, a balcony or patio, and in unit washer and dryer. Dedicated covered parking for each unit plus 2 guest spaces. Great location convenient to shopping, dining, schools, and parks. Good access to I-5 and Hwy 18 for commuters. All units are currently occupied with great rental history, long term tenants that generate a stable income. On site professional management makes this is a turn-key investment that you don’t want to miss! HOA rules do not allow for self management.
- Listed by Kirk Mulfinger • Hampton West Real Estate
- Listed by Chris R. Dugger • Hampton West Real Estate
Property Details for 34214 1st Place South
Community Name
Panther Lake
School DistrictFederal Way
Number of Assigned Spaces6
Total Covered Parking0
Entry Date06-27-2023
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Hampton West Real Estate![]()
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LISTING UPDATED: 04/16/2024 07:01 PM
Property Details for 34214 1st Place South
| Status | Active |
|---|---|
| MLS # | 2131380 |
| Days on Market | 305 |
| Cumulative Days on Market | 284 |
| Taxes | $8,330 / year |
| HOA Fees | $4,668 / year |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1977 |
| Lot Size | 0.24 AC / 10,276 SF |
| County | King County |
Location
Listing Courtesy of Hampton West Real Estate![]()
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Building Information for 34214 1st Place South
Stories2Residences4Year Built1977Building Size-Lot Size0.24 AC / 10,276 SF
Payment Calculator
$6,047 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,964
Property Taxes
$694
HOA Dues
$389
The Payment Calculator is for illustrative purposes only.
Property Information for 34214 1st Place South
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Athletic Court, Deck, Patio
- Area: 110 - Dash Point/Federal Way
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: I5 to 348th St, Rt on 1st Ave S, Lt on 1st Pl S into Campus View. take first Rt.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 4.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Amenities: Clubhouse,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
- Pool: Community
- Pool Type: Community
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 6264
- Power Company: PSE
- Sewer Company: Lakehaven
- Water Company: Lakehaven
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Construction Methods: Standard Frame
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 11
Lot Information
- Lot Details: Cul-De-Sac, Curbs, Dead End Street, Open Space, Paved, Sidewalk
- Lot Number: 30
- Lot Size Source: KCR buyer to verify
- Parcel Number Free Text: 1322010300
- Calculated Square Footage: 3056
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3056.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $76
- Total Expenses: 27512
- Gross Adjusted Income: 71928
- Gross Rent Multiplier: 13.2
- Gross Scheduled Income: $71,928
- Insurance Expense: $2,780
- Net Operating Income: $47,817
- Other Expenses: $10,062
- Total Monthly Income: 6199
- Fuel Expense: $0
Unit 1
- Name Unit 1: 30A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 800
- Rent Unit 1: $1,325.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 30B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 800
- Rent Unit 2: $1,600.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 30C
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 800
- Rent Unit 3: $1,275.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 30D
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 800
- Rent Unit 4: $1,650.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3056.0
- Leasable Area Units: Square Feet
Property History for 34214 1st Place South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 34214 1st Place South
Taxable ValueLand$140,000Additions$687,000Total$827,000
Tax Record2022$8,216 ($685 / month)
Home Facts
Total Finished SqFt3,056 SqFtAbove Ground SqFt3,056 SqFtStories2Lot Size10,276 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Year Renovated2005ZoningRM2400CountyKINGAPN132201-0300Fireplace TypeHas Fireplace
Schools near 34214 1st Place South
This home is within Federal Way School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 10 |
Rating | School | Distance |
|---|---|---|
Panther Lake Elementary School PublicPK to 5 | ||
Illahee Middle School Public5 to 8 | ||
Todd Beamer High School Public9 to 12 | ||
Federal Way Public Academy Public6 to 10 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Hampton West Real Estate
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.