Federal Way Homes with 54 - 4-Plex Style

Federal Way Homes with 54 - 4-Plex Style

Federal Way, located in King County, Washington, is a vibrant city that offers a perfect blend of suburban tranquility and urban amenities. Situated in the heart of the Pacific Northwest, Federal Way is known for its beautiful natural surroundings, thriving economy, and diverse community.

As a part of the greater Seattle metropolitan area, Federal Way boasts a strategic location that provides easy access to a wide range of employment opportunities, recreational activities, and cultural attractions. With its proximity to major highways and public transportation options, residents can easily commute to Seattle or other nearby cities for work or leisure.

When it comes to real estate, Federal Way has a variety of housing options to suit different preferences and budgets. One popular style of homes in this area is the 4-Plex style, which offers the convenience of multiple units within a single building. These homes are ideal for investors or those looking to generate rental income.

The 4-Plex style homes in Federal Way are designed to provide comfortable living spaces while maximizing efficiency. With four separate units, each with its own entrance and amenities, these homes offer privacy and independence for residents. They are also a great option for multigenerational families or those who want to live close to their loved ones while maintaining their own space.

With its picturesque landscapes, strong sense of community, and convenient location, Federal Way is an excellent place to call home. Whether you are looking for a 4-Plex style home or any other type of property, this city has something to offer for everyone.

Newest Federal Way Homes with 54 - 4-Plex Style

$799,000
2535696 MLS ⋅ ACTIVE Status
Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,. Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance. MLS 2501184 is also listed next door to make it a great assemblage portfolio.

34025 1st Place S, Federal Way

Listing courtesy of Skyline Properties, Inc..

$799,000
2501184 MLS ⋅ ACTIVE Status
Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath Loft style townhome units and two bedroom /one bath lower units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,.Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance

34019 1st Circle S, Federal Way

Listing courtesy of Skyline Properties, Inc..

$899,950
2500500 MLS ⋅ ACTIVE Status
Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

34214 1st Place S, Federal Way

Listing courtesy of RSVP Brokers ERA.

$989,000
2491971 MLS ⋅ ACTIVE Status
Bring Offers! Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 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.

34120 1st Place S, Federal Way

Listing courtesy of Real Broker LLC.

$990,000
2478223 MLS ⋅ ACTIVE Status
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.

34005 1 St Circle S, Federal Way

Listing courtesy of 360 Pacific.

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