Property Details
34005 1 St Circle S
Federal Way, WA 98003
$990,000
Active
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Property Overview
This well-maintained 4-plex in the desirable Campus View community presents an excellent investment opportunity. Each of the four spacious units features 2 bedrooms, 1.5 bathrooms, 976 sq. ft. of living space, a cozy fireplace, and an in-unit washer and dryer. Residents enjoy the convenience of a dedicated covered parking spot, plus additional visitor parking. Professionally managed for a hassle-free ownership experience, this property is centrally located near shopping, dining, and parks, with easy access to I-5, Hwy 99, and Hwy 18.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Federal Way
Listed
Feb 10, 2026
Structure Type
Quadruplex
Parcel Number
1322020350
Tax & HOA
Annual Property Tax
$9,599 (2025)
Est. Monthly Tax
$800/mo
HOA Fee
$712/monthly
Financial Summary
Cap Rate
4.25%
Net Operating Income
$42,088
Gross Scheduled Income
$57,000
Gross Rent Multiplier
17.36
Total Expenses
$20,972
Building & Use
Building Sq Ft
3,905
Leasable Area
4,036 sqft
Total Units
4
Lot Size
10,450 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.24 sqft
Year Built
1979
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Community
Lot Features
Paved, Sidewalk
Exterior Features
Wood, Wood Products
Community & Access
Directions
GPS
Location
City
Federal Way
County
King
Coordinates
47.30976, -122.20283
Additional Information
Tax Year
2025
Annual Taxes
$9,599
Possession
Array
Based on information submitted to the MLS GRID as of June 3, 2026 7:00 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.
