6-Unit Apartment
New
For Sale
$1,250,000
34007 1ST, Federal Way, WA 98003
Professionally managed apartments offer two-bedroom layouts, in-unit laundry, fireplaces, and covered parking.
Property SizeContact for details
Days on Market7
Property Features for 34007 1ST
General Information
Standard status
Active
Property subtype
Multi-family
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Cap Rate
6.7%
Highway Access
Yes
Amenities
on-site management
playground
tennis courts
in-unit washer & dryers
wood-burning fireplaces
covered parking
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Northmarq Multifamily,LLC
Listed By:
Taylor Wyman
(253) 604-6000
Source:
Skylineproperties
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 4 at 10:25AM
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 Northmarq Multifamily,LLC
Investment Insights
Based on property information with market context.
This 6-unit apartment property in Federal Way was built in 1979. Each residence measures 1,000 SF and has two bedrooms, one bathroom, a wood-burning fireplace, and an in-unit washer and dryer. Covered parking serves the units, and HOA dues include water, sewer, garbage, and landscaping. On-site management is also part of the residential community, which has a playground and tennis courts.
The property is 1.5 miles from I-5, providing access toward Tacoma, Seattle, and the wider Puget Sound region.
The property is 1.5 miles from I-5, providing access toward Tacoma, Seattle, and the wider Puget Sound region.
Key Highlights
- Six apartments, built in 1979
- Each unit is 1,000 SF with two bedrooms and one bathroom
- In‑unit washer and dryer and wood‑burning fireplace in every apartment
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,639
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Professionally managed apartments offer two-bedroom layouts, in-unit laundry, fireplaces, and covered parking.
Where is this apartment building located?
The property is located at 34007 1ST Federal Way, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six apartments, built in 1979; Each unit is 1,000 SF with two bedrooms and one bathroom; In‑unit washer and dryer and wood‑burning fireplace in every apartment
