27 S 342nd Place, Federal Way, WA 98003

Federal Way
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: pearl lee, sung-bae oh
Office: q star seattle corporation
MLS#:2571153
Source:NWMLS
27 S 342nd Place,Federal Way, WA 98003
$1,200,000
  • - Beds
  • - Baths
  • 3,600 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$333.33
  • Monthly HOA dues:$678

About this home

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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Home facts

  • Year built:1979
  • Subdivision & Development:Central Federal Way
  • Listing ID #:2571153
  • Updated:September 05, 2026 at 11:33 AM

Rooms and interior

  • Living area:3,600 sq. ft.

Heating and cooling

  • Heating:Baseboard, Radiant

Structure and exterior

  • Roof:Composition
  • Year built:1979
  • Building area:3,600 sq. ft.
  • Lot area:0.32 Acres
  • Construction Materials:Wood Exterior Finish

Schools

  • High school:Todd Beamer High
  • Middle school:Illahee Jnr High
  • Elementary school:Panther Lake Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$333.33
  • Tax amount:$8,604 (2025)

Parking

  • Total parking spaces:2
  • Carport spaces:4
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