$840,000

8 Beds 4 Baths 3,600 SQFT 0.22 Acres
Type: Multi-Family

177 S 340th Street
Federal Way, WA 98003

MLS#: 2567010
Presented by: Windermere RE/Capitol Hill,Inc and NWMLS

Property Description

 

Turnkey fourplex offering strong rental potential in the well-established Campus View community. All four two-bedroom, one-bath residences feature comfortable, functional floor plans with fireplaces, private balconies or patios, and the convenience of in-unit washers and dryers. Each unit includes a reserved covered parking space, plus guest parking for visitors.Professional on-site management simplifies ownership by handling the day-to-day operations, making this an attractive opportunity for both experienced investors and those entering the multifamily market. Ideally situated near shopping, restaurants, parks, and major commuter routes including I-5, Highway 99, and Highway 18, this property offers a desirable location that appeals to tenants. A quality investment with stable income potential in a convenient South King County location.


 

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, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Assoc Fee Paid PerMonthly
Building Area Units0 sqft
Building NameCampus View
Cap Rate5
Carport Spaces4
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsI-5 South to 348th, go right, then take a right on 1st, the left on 340th, left into Campus View
Electric Expense246.83
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOAYes
HOA Fee$375
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictFederal Way
Insurance Expense3556.17
Leasable Area3,600 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet9,625 sqft
Lot Size UnitsSquare Feet
MLS Area110 - Dash Point/Federal Way
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income42021
New ConstructionNo
Number Of Units Total4
PossessionClosing
Property ConditionGood
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTurnkey fourplex offering strong rental potential in the well-established Campus View community. All four two-bedroom, one-bath residences feature comfortable, functional floor plans with fireplaces, pr
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameFederal Way
Tax Annual Amount$8,706
Tax Year2025
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water CompanyLakehaven
Water Sewer Garbage7726.53
Year Built1977

Exterior

Building Area Total3,600 sqft
Covered Spaces4
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Dead End Street, Paved, Sidewalk
Lot Size Acres0.221
Parking Uncovered Total0
Site FeaturesDeck, Patio
Total Parking4
Water SourceCommunity
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Buyer To Verify High School
Middle School Buyer To Verify Middle School
Elementary School Buyer To Verify Elementary School

  

Similar Properties

$840,000

8 Beds 4 Baths 3,600 SQFT 0.22 Acres
Type: Multi-Family

177 S 340th Street
Federal Way, WA 98003

MLS#: 2567010