Listed by Lindsay Jackman, Real Broker LLC
- 3,600
- Square feet
- $250
- Per sq ft
- Multi Family
- Type
- 1977
- Year built
- 9,927 sq ft
- Lot
- 212
- Days on market
About this property
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Jeff's Neighborhood Guide
Get to know the Dash Point/Federal Way area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2491971
- Listed
- March 13, 2026
- Days on market
- 212
- Price per sq ft
- $250
- Original list price
- $1,000,000
Unit & building
- Stories in building
- 2
- Units in building
- 4
Homeowners association
- HOA dues
- $375 monthly
Parking
- Covered spaces
- 4
- Total spaces
- 6
Views
- View
- Territorial
Construction
- Year built
- 1977
- Style
- 54 - 4-Plex
- Structure
- Quadruplex
- Roof
- Tile
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- VinylCarpet
Lot
- Lot features
- Cul-De-SacDead End Street
- Lot size
- 9,927 sq ft
Terms
- Terms offered
- CashConventionalFHAVA Loan
Utilities
- Water
- Lakehaven
- Sewer
- Lakehaven
- Power
- Puget Sound Energy
Schools
- District
- Federal Way
- Elementary
- Panther Lake Elem
- Middle
- Illahee Jnr High
- High
- Todd Beamer High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Territorial
- Quadruplex
- Tile
- Baseboard
- None
- Electric
- Vinyl
- Carpet
- Cul-De-Sac
- Dead End Street
- Cash
- Conventional
Listing history
Listed
$1,000,000
March 13, 2026
Current price
$899,000
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$5,610
- Principal & interest
- $4,546
- Property tax (est.)
- $689
- HOA dues
- $375
Assumes $179,800 down (20%), a $719,200 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 8:00 AM PDT. 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.