Professionally Managed Quadplex Near Panther
For Sale
$799,000
34025 1st Pl S, Federal Way, WA 98003
Fully occupied one-bedroom units feature in-unit laundry, fireplaces, dishwashers, and private balcony or deck access.
Property SizeContact for details
Days on Market59
Property Features for 34025 1st Pl S
General Information
Standard status
Active
Total Parking Spaces
7
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
washer/dryer
fireplaces
dishwasher
balcony or deck
community sports court
play area
walking trails
Building Details
Tenancy
Multi
Listing Agency:
Skyline Properties, Inc.
(206) 522-3400
Listed By:
Sonny Kwan
(206) 522-3400
Source:
Exprealty
Added: Jun 9
Changed: Jul 31
Last Checked: Jul 31 at 1:46PM
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 abuts Panther Lake and walking trails. The property contains fully occupied one-bedroom, one-bath units configured for straightforward leasing. Every unit includes a washer and dryer, fireplace, dishwasher, and either a balcony or deck. Complete exterior paint was completed in summer of 2024.
Parking includes 4 covered carport spaces with tandem parking potential and 3 uncovered guest spots. Residents also have access to a community sports court and play area. The property is near big box and boutique shopping, with access to I-5, Hwy 18, and Hwy 99. Federal Way Light rail is identified as completed in December 2025. An adjacent property is also listed under MLS 2501184, creating a potential assemblage opportunity.
Parking includes 4 covered carport spaces with tandem parking potential and 3 uncovered guest spots. Residents also have access to a community sports court and play area. The property is near big box and boutique shopping, with access to I-5, Hwy 18, and Hwy 99. Federal Way Light rail is identified as completed in December 2025. An adjacent property is also listed under MLS 2501184, creating a potential assemblage opportunity.
Key Highlights
- Fully occupied quadplex with one‑bedroom/one‑bath units
- Complete exterior paint completed in summer of 2024
- All units have washer/dryer, fireplaces, DW, balcony or deck
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,008
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied one-bedroom units feature in-unit laundry, fireplaces, dishwashers, and private balcony or deck access.
Where is this quadplex located?
The property is located at 34025 1st Pl S 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 quadplex with one‑bedroom/one‑bath units; Complete exterior paint completed in summer of 2024; All units have washer/dryer, fireplaces, DW, balcony or deck
