Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.
Listing Provided Courtesy of Lindsay Jackman, Real Broker LLC
General Information
NWM2491971
Multi Family
3
DOM
9927.32 SqFt
3600
1977
King
Panther Lake El
Illahee Jnr Hig
Todd Beamer Hig
Residential Incom
Multi Family
Listing Provided Courtesy of Lindsay Jackman, Real Broker LLC
Krishna Realty data last checked: Mar 16, 2026 08:53 | Listing last modified Mar 13, 2026 20:51,
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Residence Information
3600
Tile
54 - 4-Plex
1977
Poured Concrete
Storage
Features and Utilities
Wood, Wood Products
Public
Sewer Connected
0
Financial
8984
Cash, Conventional, FHA, VA Loan
03-13-2026
Comparable Information
3
3
Cash, Conventional, FHA, VA Loan
$1,000,000
$1,000,000
Mar 13, 2026 20:51
Schools
Elementary : Panther Lake ElN/ARatings Middle : Illahee Jnr Hig N/ARatings High : Todd Beamer HigN/ARatings
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.
