34242 1st Place South
34242 1st Place South
Federal Way, WA 98003
$1,075,000
Price
8
Beds
4
Baths
3,600 Sq. Ft.
$299 / Sq. Ft.
3,600
Sq. Ft.
$299
per Sq. Ft.
Pending
Pending
Listing provided courtesy of Redfin
Description
Attention investors! Rare 4-plex investment property in a great community -Campus View. Features 4 spacious units w/functional layout, each w/2 beds, 1 full bath, cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spot for each unit + visitor parking. Long lasting Tile Roof. Prime location close to schools, library, shopping, restaurants, hospital, Panther Lake Park, Celebration Park, West Hylebos State Park, Costco, Winco & more!. Quick & Easy access to upcoming Light Rail, I-5, Hwy...Attention investors! Rare 4-plex investment property in a great community -Campus View. Features 4 spacious units w/functional layout, each w/2 beds, 1 full bath, cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spot for each unit + visitor parking. Long lasting Tile Roof. Prime location close to schools, library, shopping, restaurants, hospital, Panther Lake Park, Celebration Park, West Hylebos State Park, Costco, Winco & more!. Quick & Easy access to upcoming Light Rail, I-5, Hwy 99 & Hwy 18 for commuters. Fully Maintained & Professionally Managed (Management company handles everything w/owner input) makes the convenience of owning this 4plex a great option for investors near or far! Add to your investment portfolio today!
- Listed by Troy Rothermel • Redfin
Property Details for 34242 1st Place South
Community Name
West Campus
School DistrictFederal Way
ViewTerritorial
Number of Assigned Spaces6
Total Covered Parking0
Entry Date05-22-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Redfin![]()
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LISTING UPDATED: 06/06/2024 09:06 AM
Property Details for 34242 1st Place South
| Status | Pending |
|---|---|
| MLS # | 2241322 |
| Days on Market | 7 |
| Cumulative Days on Market | 7 |
| Taxes | $8,573 / year |
| HOA Fees | $375 / month |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1977 |
| Lot Size | 0.22 AC / 9,621 SF |
| County | King County |
Location
Listing Courtesy of Redfin![]()
Add your commute
Building Information for 34242 1st Place South
Stories2Residences4Year Built1977Building Size-Lot Size0.22 AC / 9,621 SF
Payment Calculator
$6,956 per month
30 year fixed, 7.25% Interest
Principal and Interest
$5,867
Property Taxes
$714
HOA Dues
$375
The Payment Calculator is for illustrative purposes only.
Property Information for 34242 1st Place South
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Deck
- Area: 110 - Dash Point/Federal Way
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: Heading N on Pacific Hwy S, turn left onto S 348th St, right onto 1st Ave S, left on 1st pl S, to building on right.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 4.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Carpet
- Features: Wall to Wall Carpet, Laminate Hardwood
- Cooling: Yes
- Cooling: None, Radiant
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Wood Products
- Roof: Tile
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: Puget Sound Energy
- Sewer Company: Lakehaven
- Water Company: Lakehaven
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist - Buyer to verify
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2005
- Photos Count: 18
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist - Buyer to verify
- Parcel Number Free Text: 1322010230
- Building Condition: Good
- Calculated Square Footage: 3600
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3600.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
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: $0
- Total Expenses: 18253.22
- Gross Adjusted Income: 75726
- Gross Rent Multiplier: 12.75
- Gross Scheduled Income: $84,300
- Insurance Expense: $2,780
- Net Operating Income: $57,474
- Other Expenses: $6,900
- Total Monthly Income: 7025
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 900
- Rent Unit 1: $1,750.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 900
- Rent Unit 2: $1,750.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 900
- Rent Unit 3: $1,775.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 900
- Rent Unit 4: $1,750.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3600.0
- Leasable Area Units: Square Feet
Property History for 34242 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 34242 1st Place South
Taxable ValueLand$140,000Additions$730,000Total$870,000
Tax Record2022$8,607 ($717 / month)
Home Facts
Total Finished SqFt3,600 SqFtAbove Ground SqFt3,600 SqFtStories2Lot Size9,621 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Year Renovated2005ZoningRM2400CountyKINGAPN132201-0230Fireplace TypeHas Fireplace
Schools near 34242 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 Redfin
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.