Property Details
177 S 340th Street
Federal Way, WA 98003
$895,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Federal Way
Listed
Aug 10, 2026
Structure Type
Quadruplex
Parcel Number
1322010040
Tax & HOA
Annual Property Tax
$8,706 (2025)
Est. Monthly Tax
$726/mo
HOA Fee
$375/monthly
Financial Summary
Cap Rate
4.70%
Net Operating Income
$42,021
Gross Scheduled Income
$83,247
Gross Rent Multiplier
10.75
Total Expenses
$41,226
Building & Use
Building Sq Ft
3,600
Leasable Area
3,600 sqft
Total Units
4
Lot Size
9,627 sqft
Year Built
1977
Exterior & Lot
Lot Size
0.22 sqft
Year Built
1977
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Community
Lot Features
Curbs, Dead End Street, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
I-5 South to 348th, go right, then take a right on 1st, the left on 340th, left into Campus View
Location
City
Federal Way
County
King
Coordinates
47.29638, -122.33095
Additional Information
Tax Year
2025
Annual Taxes
$8,706
Possession
Array
Based on information submitted to the MLS GRID as of August 10, 2026 5:00 PM. 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 is 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. Copyright 2026 NWMLS. All rights reserved.
IDX information is 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. Copyright 2026 NWMLS. All rights reserved.
