27 S 342nd Place · Federal Way, WA 98003
Source: NWMLS · Q Star Seattle Corporation · Pearl Lee #NWM2571153
About this home
A quiet and serene 4-plex multi-family home centrally located in Federal Way with convenient transportation. Extremely accessible to bus, light rail, shopping center, and dining, with easy access to I-5, Hwy 99 and the King County library located right across the street. Great opportunity to own an income-generating 4-plex featuring an estimate Cap rate around 5%. All units are managed by on-site property management so it's easy and low maintenance to manage.
Location
Basics
- Property type
- Multi Family
- Style
- 4-Plex
- Stories
- 2 stories
- Condition
- Good
- Year built
- 1979 (renovated 2000)
- Building area
- 3,600 sq ft
- Lot size
- 13,780 sq ft (0.32 acres)
- County
- King
- MLS #
- NWM2571153
Interior
- Heating
- Baseboard, Radiant
- Cooling
- None
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Waterfront
- No
Parking
- Parking spaces
- 2
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Central Federal Way
- HOA dues
- $678/mo
- Property tax
- $8,604 (2025)
Transaction
- Listed on
- Aug 20, 2026
- Days on market
- 30
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2004-04-30
- Sold$322,500
Schools
School district: Federal Way
- Elementary
- Panther Lake Elem
- Middle
- Illahee Jnr High
- High
- Todd Beamer High SchoolSchoolDigger 1 star · Top 87% in WA
Listing provided courtesy of: Q Star Seattle Corporation
Listing agent: Pearl Lee.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-16.