34007 1st Cir S, Federal Way, WA 98003
Six-unit multifamily property in Federal Way, Washington.
- Added:
- Oct 28, 2025
- Days on Market:
- 251
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 34007 1st Cir S
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing office Northmarq (206) 693-3330
Listing date Oct 28, 2025
Source Crexi
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
HighLights
- Multifamily property with 6 units
- Price per unit: $224,167
- Year Built: 1979
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $30.00 |
| − Vacancy | −$10.4k | −$1.74 |
| EGI | $169.6k | $28.26 |
| − OpEx | −$76.3k | −$12.72 |
| NOI | $93.3k | $15.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Federal Way
- County
- King
- State
- Washington
- Longitude
- -122.3359848
- Latitude
- 47.2976698
