Managed 4-Unit
For Sale
$1,200,000
120 S 339th Cir, Federal Way, WA 98003
On-site property management is in place for all units.
Property Size3,600 SF
Price / SF$333.33
Days on Market97
Property Features for 120 S 339th Cir
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Cap Rate
5%
Multifamily Units
4
Building Details
Year Built
1979
Listing Agency:
Q Star Seattle Corporation
Listed By:
Pearl Lee
(425) 772-7659
Source:
Findahomeseattle
Added: Jul 11
Changed: Oct 1
Last Checked: Oct 14 at 11:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Q Star Seattle Corporation
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Investment Insights
Based on property information with market context.
This 4-unit residential income property contains 3600 square feet and was built in 1979. On-site property management serves all units, providing an established operational structure for the property. An estimated cap rate around 5% is noted for the asset.
The quadplex is located at 120 S 339th Cir in Federal Way, with access to bus service, light rail, shopping, and dining. The King County library is directly across the street, while I-5 and Hwy 99 provide regional connectivity. The combination of four units, on-site management, and access to transportation and everyday services defines the property’s practical operating profile.
The quadplex is located at 120 S 339th Cir in Federal Way, with access to bus service, light rail, shopping, and dining. The King County library is directly across the street, while I-5 and Hwy 99 provide regional connectivity. The combination of four units, on-site management, and access to transportation and everyday services defines the property’s practical operating profile.
Key Highlights
- 4‑unit quadplex in Federal Way
- 3600 square feet of property size
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,719
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,380
$1.2M
Cap Rate 7%
$867,414
$867.4K
Cap Rate 9%
$674,656
$674.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$91.8K $25.50/SF
− Vacancy
−$5.1K −$1.41/SF
EGI
$86.7K $24.09/SF
− OpEx
−$26.0K −$7.23/SF
NOI
$60.7K $16.87/SF
Area
King County, WA
Vacancy
5.51%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,380
Cap Rate 7%
$867,414
Cap Rate 9%
$674,656
Alternative Uses
Best Use
Multifamily LT 5
$867.4K
$759.0K – $1.01M
NOI $60,719 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$799.4K
$699.4K – $932.6K
NOI $55,955 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,932 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 98003, WA
51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - On-site property management is in place for all units.
Where is this quadplex located?
The property is located at 120 S 339th Cir Federal Way, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4‑unit quadplex in Federal Way; 3600 square feet of property size; Built in 1979
