Listed by Windermere RE West Campus Inc
$1,044,995
PENDING - BACKUP OFFER REQUESTED $20K PRICE DROP

Estimated payment $7,190/month

Total Views 1,827
8 Beds
8 Baths
3,904 Sq Ft
$268 Price per Sq Ft

Highlights

  • Deck
  • Baseboard Heating
  • Wood Siding
  • Thermal Windows
  • High Speed Internet
  • Carpet

About This Home

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 property is perfect for savvy investors looking to grow their portfolio. Don’t miss your chance to own a high-demand multi-unit in a prime location just minutes from new Sound Transit light rail and all the services you can imagine.

Listing Agent

Stephen Janho

Windermere RE West Campus Inc License #26463 Listed on: 06/26/2025

Windermere RE West Campus Inc

Co-Listing Agent

Beck Nordstrom

Windermere RE West Campus Inc License #24023972

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2397419

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,482

Year Built

  • Built in 1979

Lot Details

  • 0.28 Acre Lot
  • Street terminates at a dead end
  • Property is in good condition

HOA Fees

  • $678 Monthly HOA Fees

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,904 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Panther Lake Elementary School
  • Illahee Jnr High Middle School
  • Todd Beamer High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • Campus View 03 Condos
  • Federal Way Subdivision

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 1322020310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,482

Year Built

Built in 1979

Lot Details

0

HOA Fees

$678 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • MLS Status: Pending Inspection
  • Prev Status: Pending
  • Building Name: Campus View 03
  • New Construction: No
  • CalculatedSquareFootage: 3904
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you for showing!
  • Special Features: None
  • Cumulative Days on Market: 48

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 677.8
  • Association Fee Frequency: Monthly
  • Association: Yes

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: 1322020310
  • Lot Size Acres: 0.2818
  • Lot Size Sq Ft: 12274
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist Report
  • LotNumber: 31

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.67
  • LeasedItems: None
  • TotalMonthlyIncome: 7200

Multi Family

  • Gross Scheduled Income: 86400
  • Net Operating Income: 58683
  • Number Of Units Total: 4
  • Insurance Expense: 1676.67
  • Leasable Area: 3904
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 9482

MLS Schools

  • Elementary School: Panther Lake Elem

Map

Range of Values:

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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 Assessment Tax 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 $9,513 $873,000 $200,000 $673,000
2023 $8,549 $860,000 $160,000 $700,000
2022 $8,824 $862,000 $140,000 $722,000
2021 $8,576 $775,000 $120,000 $655,000
2020 $7,632 $708,000 $120,000 $588,000
2018 $7,087 $570,000 $120,000 $450,000
2017 $6,561 $490,000 $110,000 $380,000
2016 $6,692 $453,000 $110,000 $343,000
2015 $5,921 $443,000 $75,000 $368,000
2014 -- $400,000 $75,000 $325,000
2013 -- $418,000 $68,000 $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Pending -- -- --
07/11/2025 07/11/25 Price Changed $1,044,995 -1.9% $268 / Sq Ft
06/26/2025 06/26/25 For Sale $1,064,995 -- $273 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,000 First American
Warranty Deed $261,500 Chicago Title
Warranty Deed $237,500 Fidelity National Title
Warranty Deed $200,000 Washington Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 No Value Available
Closed $160,000 No Value Available
Closed $178,000 No Value Available
Closed $192,000 No Value Available
Previous Owner $85,000 No Value Available
Previous Owner $190,000 No Value Available
Previous Owner $191,137 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2397419

Northwest Multiple Listing Service (NWMLS)

APN: 132202-0310