Turnkey 4-plex opportunity in Federal Way! Strong rental fundamentals and major capital improvements already completed—ideal for both seasoned investors and those looking to expand their portfolio. This spacious property offers 3,056 rentable sq ft across four well-designed 2 bed / 1 bath units, all fully occupied, providing immediate and consistent income. Each unit features in-unit washer & dryer, dedicated covered parking, and comfortable living spaces that stay in demand which enhances tenant appeal and retention! The building envelope has been recently refreshed with significant exterior upgrades, including a new roof (2024) with warranty, new chimney chase cover, new gutters, and a full exterior paint job—minimizing deferred maintenance and future capital expenses. Hello, fewer surprise expenses! With big-ticket items already addressed, this investment offers a more predictable ownership experience and allows the next owner to focus on cash flow and long-term appreciation. The location is a win—close to restaurants, shopping, transit, and schools, plus just minutes to the new Sound Transit light rail. A low-maintenance, income-producing asset that you don’t want to miss!
Listing Provided Courtesy of Heather Maddox, Windermere Real Estate/PSR Inc
General Information
NWM2494441
Multi Family
1
DOM
10380.35 SqFt
3056
1979
Multi-F
King
Panther Lake El
Illahee Jnr Hig
Todd Beamer Hig
Residential Incom
Multi Family
Listing Provided Courtesy of Heather Maddox, Windermere Real Estate/PSR Inc
Krishna Realty data last checked: Mar 21, 2026 01:24 | Listing last modified Mar 21, 2026 01:04,
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Residence Information
3056
Composition
54 - 4-Plex
1979
Poured Concrete
Playground
Features and Utilities
Metal/Vinyl, Wood
Public
Sewer Connected
0
Financial
8473
Cash, Conventional, VA Loan
03-20-2026
Comparable Information
1
1
Cash, Conventional, VA Loan
$899,950
$899,950
Mar 21, 2026 01:04
Schools
Elementary : Panther Lake ElN/ARatings Middle : Illahee Jnr Hig N/ARatings High : Todd Beamer HigN/ARatings
Map
Listing courtesy of Windermere Real Estate/PSR Inc.
Turnkey 4-plex opportunity in Federal Way! Strong rental fundamentals and major capital improvements already completed—ideal for both seasoned investors and those looking to expand their portfolio. This spacious property offers 3,056 rentable sq ft across four well-designed 2 bed / 1 bath units, all fully occupied, providing immediate and consistent income. Each unit features in-unit washer & dryer, dedicated covered parking, and comfortable living spaces that stay in demand which enhances tenant appeal and retention! The building envelope has been recently refreshed with significant exterior upgrades, including a new roof (2024) with warranty, new chimney chase cover, new gutters, and a full exterior paint job—minimizing deferred maintenance and future capital expenses. Hello, fewer surprise expenses! With big-ticket items already addressed, this investment offers a more predictable ownership experience and allows the next owner to focus on cash flow and long-term appreciation. The location is a win—close to restaurants, shopping, transit, and schools, plus just minutes to the new Sound Transit light rail. A low-maintenance, income-producing asset that you don’t want to miss!
