Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 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.
| MLS # | 2491971 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $375 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1977 |
| Days On Site | 178 |
| Listing Provided By | Real Broker LLC | Lindsay Jackman |
| SQ Feet | 3,600 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.23 |
| Property View | Yes |
| Property | 8984 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Panther Lake |
| School District | Todd Beamer High |
| Elementary School | Panther Lake Elem |
| High School | Todd Beamer High |
| Listing VS Median (in Panther Lake) | |
Price: $899,000 low | high Med: $799,250 sqft: 3,600 low | high Med: 1,924 $ / sqft: $250 low | high Med: $499 On site: 178 low | high Med: 110.5 | |
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Panther Lake |
| School District | Todd Beamer High |
| Elementary School | Panther Lake Elem |
| High School | Todd Beamer High |
| Listing VS Median (in Panther Lake) | |
Price: $899,000 low | high Med: $799,250 sqft: 3,600 low | high Med: 1,924 $ / sqft: $250 low | high Med: $499 On site: 178 low | high Med: 110.5 | |