177 S 340th Street, Federal Way, WA 98003
- $895,000
- 3,600
- SqFt
Listing courtesy of Windermere RE/Capitol Hill,Inc.
- List Price
- $895,000
- Status
- ACTIVE
- MLS#
- 2567010
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,600
- Area Total SqFt
- 3600
- Annual Tax Ammount
- 8706.24
- Lot Size (sq ft)
- 9,625
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-08-10 16:46:12
- Community
- Federal Way
- Net Operating Income
- $42,021
- Gross Adjusted Income
- $83,247
- Gross Scheduled Income
- $83,247
- Total Monthly Income
- $6,500
- Insurance Expenses
- $3,556
- Water/Sewer/Garbage Expenses
- $7,726
- Gross Rent Multiplier
- 10.75
- Total Expenses
- $41,226
- Cap Rate
- 4.7
- Total Number of Units
- 4
- Unit Name
- 177
- Potential Terms
- Cash, Conventional
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Patio
- Electric Expenses
- 246
- Other Expenses
- 20990
- Energy Source
- Electric
- School District
- Federal Way
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,500
- Gross Scheduled Income
- $83,247
- Gross Adjusted Income
- $83,247
- Tax Year
- 2025
- Insurance Expense
- $3,556
- W/S/G Expenses
- $7,726
- Total Expenses
- $41,226
- Net Operating Income
- $42,021
- Gross Rent Multiplier
- 10.75
- Cap Rate
- 4.7
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.