Professionally Managed Lakefront
For Sale
$799,000
34025 1ST, Federal Way, WA 98003
Professionally managed quadplex abutting Panther Lake, with fully occupied one-bed units and in-unit washer/dryer.
Property SizeContact for details
Days on Market68
Property Features for 34025 1ST
General Information
Standard status
Active
Property subtype
Multi-family
Building Details
Year Built
1979
Listing Agency:
Skyline Properties,Inc.
(206) 819-8228
Listed By:
Sonny Kwan
(206) 819-8228
Source:
Skylineproperties
Added: May 31
Changed: Jul 30
Last Checked: Aug 6 at 3:27AM
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 Skyline Properties,Inc.
Investment Insights
Based on property information with market context.
This professionally managed quadplex was built in 1979 and has had a complete exterior paint project completed in summer 2024. The property is fully occupied with one bed, one bath units designed for straightforward rentability. Each unit includes a washer/dryer, fireplaces, a dishwasher, and a balcony or deck.
Residents also benefit from parking and shared amenities. There is covered carport parking for four vehicles with tandem parking, plus three uncovered guest spots. The community includes a sports court and a play area.
The quadplex abuts Panther Lake and nearby walking trails. Access to major routes includes I-5, Hwy 18, and 99, and Federal Way Light rail was completed in December 2025.
Residents also benefit from parking and shared amenities. There is covered carport parking for four vehicles with tandem parking, plus three uncovered guest spots. The community includes a sports court and a play area.
The quadplex abuts Panther Lake and nearby walking trails. Access to major routes includes I-5, Hwy 18, and 99, and Federal Way Light rail was completed in December 2025.
Key Highlights
- Fully occupied one bed, one bath quadplex units
- In‑unit washer/dryer plus fireplaces, dishwasher, and balcony or deck
- Complete exterior paint completed in summer 2024
Property Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Professionally managed quadplex abutting Panther Lake, with fully occupied one-bed units and in-unit washer/dryer.
Where is this quadplex located?
The property is located at 34025 1ST Federal Way, WA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully occupied one bed, one bath quadplex units; In‑unit washer/dryer plus fireplaces, dishwasher, and balcony or deck; Complete exterior paint completed in summer 2024
