$ 1,000,000
-
$1,000,000
Price -
8
Bed -
4
Bath -
4,000
SqFt
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About the Listing 6529 - 98237
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Lakehaven
Exterior Details
- Lot Description: Cul-De-Sac,Dead End Street,Cable TV,Deck,Patio
- Garage Capacity: N/A
- Roof: Tile
- Others: Wood,Wood Products,Good
- Sewer: Lakehaven
Financial Details
- Tax Amount: $8,984
- Taxes w/Assessments: N/A
- Tax/Property ID: 1322010380
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
34120 1st Pl S Federal Way, WA 98003
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