This is 4 plex multi family home in very good location in Federal Way. Complete exterior & interior. Well managed and fully occupied units. 2 bedrooms/1 bathroom, washer/dryer, fireplace. Cross the road is public library. Easy access to I-5, Hwy 19 &99. Very good opportunity to own 4-plex with 5% net income.
Q Star Seattle CorporationLicense #24002236Listed on: 03/12/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2341807
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$8,495
Year Built
Built in 1979
Lot Details
10,290 Sq Ft Lot
132202-0030
Property is in good condition
HOA Fees
$375 Monthly HOA Fees
Home Design
Quadruplex
Poured Concrete
Composition Roof
Wood Siding
Interior Spaces
3,600 Sq Ft Home
2-Story Property
Bedrooms and Bathrooms
8 Bedrooms
4 Bathrooms
Parking
6 Parking Spaces
Open Parking
Schools
Panther Lake Elementary School
Illahee Jnr High Middle School
Todd Beamer High School
Utilities
Baseboard Heating
Radiant Heating System
Community Details
Campus View Div 03 Condos
Panther Lake Subdivision
Listing and Financial Details
Assessor Parcel Number 1322020030
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$8,495
Year Built
Built in 1979
Lot Details
0
HOA Fees
$375 per month
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 54 - 4-Plex
Year Built: 1979
MLS Status: Active
Prev Status: Active
Building Name: Campus View Div 03
New Construction: No
CalculatedSquareFootage: 3600
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 149
Interior Features
Possible Bedrooms: 8
Total Bedrooms: 8
Fireplace: No
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Amenities: Playground
Exterior Features
Roof: Composition
View: No
Waterfront: No
Construction Type: Wood
Exterior Features: Wood
Foundation Details: Poured Concrete
Property Condition: Good
Structure Type: Quadruplex
Garage/Parking
Carport Spaces: 4
Carport Y N: No
Open Parking Spaces: 2
Open Parking: Yes
Total Parking Spaces: 6
ParkingUncoveredSpaces: 2
Utilities
Sewer: Sewer Connected
Water Source: Public
Cooling: None
Cooling Y N: No
Heating: Baseboard, Radiant
Heating Yn: Yes
PowerCompany: Puget Sound Energy
SewerCompany: Lakehaven
WaterCompany: Lakehaven
WaterSewerGarbage: 0
Condo/Co-op/Association
Senior Community: No
Association Fee: 375
Association Fee Frequency: Monthly
Association: Yes
Common Interest: Multi-Family
Fee Information
NWM_OtherDuesOrFeesYN: true
Schools
Junior High Dist: Federal Way
High School: Todd Beamer High
Middle Or Junior School: Illahee Jnr High
Lot Info
Parcel Number: 1322020030
Lot Size Acres: 0.2362
Lot Size Sq Ft: 10290
Additional Parcels Description: 132202-0030
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
MLSLotSizeSource: Realisty
MLSSquareFootageSource: Realist
ZoningJurisdiction: City
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 13.15
LeasedItems: None
TotalMonthlyIncome: 7600
Multi Family
Gross Scheduled Income: 91200
Net Operating Income: 54850
Number Of Units Total: 4
Insurance Expense: 2780
Leasable Area: 3600
EnergySource: Electric
UnitsInBuildingTotal: 4
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2024
Tax Annual Amount: 8495
MLS Schools
Elementary School: Panther Lake Elem
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2024
$8,246
$751,000
$200,000
$551,000
2023
$7,812
$776,000
$160,000
$616,000
2022
$9,290
$794,000
$140,000
$654,000
2021
$9,401
$693,000
$120,000
$573,000
2020
$7,436
$785,000
$120,000
$665,000
2018
$6,750
$543,000
$120,000
$423,000
2017
$6,075
$476,000
$100,000
$376,000
2016
$6,135
$428,000
$100,000
$328,000
2015
$5,561
$414,000
$68,000
$346,000
2014
--
$384,000
$68,000
$316,000
2013
--
$398,000
$68,000
$330,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
03/12/202503/12/25
For Sale
$1,200,000
--
$333 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Excellent investment opportunity! This spacious 4-plex offers 3,904 rentable sq ft and strong income potential. Each unit is 2 bedroom, 1.5 baths and 3 units have been updated with fresh paint and carpet. Units provide comfortable living space, making it ideal for both long-term tenants and short-term rentals. Located in a desirable area with easy access to amenities, transit and schools. This
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, 1,009 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
This is 4 plex multi family home in very good location in Federal Way. Complete exterior & interior. Well managed and fully occupied units. 2 bedrooms/1 bathroom, washer/dryer, fireplace. Cross the road is public library. Easy access to I-5, Hwy 19 &99. Very good opportunity to own 4-plex with 5% net income.
This home is located at 120 S 339th Cir, Federal Way, WA 98003 and is currently priced at $1,200,000, approximately $333 per square foot. This property was built in 1979. 120 S 339th Cir is a home located in King County with nearby schools including Panther Lake Elementary School, Illahee Middle School, and Todd Beamer High School.
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