Presented by: Skyline Properties, Inc. and NWMLS
Property Description
Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,. Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance. MLS 2501184 is also listed next door to make it a great assemblage portfolio.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Wood
Total Fireplaces0
Total Stories2
General
AmenitiesPlayground, Thermal Windows
Assoc Fee Paid PerMonthly
Building Area Units0 sqft
Cap Rate8.73
Carport Spaces4
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsI5 exit 142B, Continue westbound on S 348th St, Right on 1st Ave S, Left on 1st Pl. S. Drive approximately 800 feet or 3.8 to property on left side on corner of 1st Pl S.
Electric Expense0
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces0
HOAYes
HOA Fee$677.8
HeatingBaseboard
High School DistrictFederal Way
Insurance Expense3183
Leasable Area2,800 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet10,278 sqft
Lot Size UnitsSquare Feet
MLS Area110 - Dash Point/Federal Way
NWM_ShowMapLinkY
Net Operating Income70020
New ConstructionNo
Number Of Units Total4
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksComplete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath units for easy rentability, All units
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NamePanther Lake
Tax Annual Amount$7,595
Tax Year2026
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water Sewer Garbage0
Year Built1979
Zoning DescriptionMulti-Family
Exterior
Building Area Total0 sqft
Covered Spaces4
Exterior AmenitiesWood
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.2359
Parking Uncovered Total3
Site FeaturesAthletic Court, Cable TV, Deck, High Speed Internet, Patio
Total Parking7
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
N/A
High School
N/A
Elementary School
N/A
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914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221