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$1,200,000
25 Days On Site

27 S 342nd Place
Federal Way, WA98003

For Sale|Multi Family|Active
0
Beds
0
Total Baths
3,600
SqFt
$333
/SqFt
1979
Built
Cumulative Days On Market:
24
Subdivision:
Central Federal Way
County:
King
Courtesy of NWMLS
Listing courtesy of Pearl Lee of Q Star Seattle Corporation

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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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Listing Snapshot
Price 
$1,200,000
Days On Site 
25 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,600 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3163 Acres
Year Built 
1979
MLS® Number 
2571153
Status 
Active
Property Tax 
$8,604
HOA/Condo/Coop Fees 
$678 monthly
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Active
4 weeks agoListing first seen on site
General Features
Acres 
0.3163
Carport 
4
Number Of Stories 
2
Parking Spaces 
2
Property Sub Type 
Multi Family
SqFt Total 
3600
Utilities 
Sewer Connected
Water Source 
Public
Interior Features
Heating 
ElectricBaseboardRadiant
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Exterior Features
Construction Details 
Wood Siding
Roof 
Composition
Community Features
Association Fee 
$678.0
Association Fee Frequency 
Monthly
MLS Area 
110 - Dash Point/Federal Way
School District 
Federal Way
Financing Terms Available 
CashConventional
Schools
School District
Federal Way
Elementary School
Panther Lake Elem
Middle School
Illahee Jnr High
High School
Todd Beamer High
Courtesy of NWMLS
Listing courtesy of Pearl Lee of Q Star Seattle Corporation



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-09-13 09:16 PM PDT

Neighborhood & Commute
Source: Walkscore
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