23 S 342nd Place Federal Way WA 98003 MLS #NWM2451216
Turnkey 4-Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts. 2 units w/2 beds, 1 full bath and 2 units w/1 bed, 1 full bath with a loft and vaulted ceilings – highly desirable units. All units have a cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spots for each unit + visitor parking and the building exterior has been painted recently. Prime location close to schools, library, shopping, restaurants, hospital, Panther Lake Park, Celebration Park, West Hylebos State Park, Redondo beach, Costco & Winco. Community sports courts, play areas and amenities. Easy access to I-5, Hwy 99, Hwy 18 and upcoming light rail for commuters. Great property for owner occupied to finance easy.
Current real estate data for Multi Family in Federal Way as of Nov 07, 2025
4
Multi Family Listed
36
Avg DOM
286
Avg $ / SqFt
$1,028,250
Avg List Price
Property Details
Price:
$869,000
MLS #:
NWM2451216
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Subdivision:
Panther Lake
Neighborhood:
110dashpointfederalway
Listed Date:
Oct 30, 2025
Finished Sq Ft:
2,712
Total Sq Ft:
2,712
Lot Size:
12,915 sqft / 0.30 acres (approx)
Year Built:
1979
Units:
4
Schools
School District:
Federal Way
Interior
Cooling
None
Flooring
Vinyl, Carpet
Heating
Baseboard
Exterior
Construction Materials
Wood
Exterior Features
Wood
Parking Spots
8
Roof
Composition
Financial
HOA Fee
$677
HOA Frequency
Monthly
Tax Year
2025
Taxes
$7,870
Map
Contact Us
Mortgage Calculator
Community
- Address23 S 342nd Place Federal Way WA
- SubdivisionPanther Lake
- CityFederal Way
- CountyKing
- Zip Code98003
Property Summary
- Located in the Panther Lake subdivision, 23 S 342nd Place Federal Way WA is a Multi Family for sale in Federal Way, WA, 98003. It is listed for $869,000 To schedule a showing of MLS#nwm2451216 at 23 S 342nd Place in Federal Way, WA, contact your HomeSmart One Realty agent at 425-218-4178.
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Listing courtesy of Skyline Properties, Inc.The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Nov-07-2025 12:13:00 pm. © 2025 NWMLS.
23 S 342nd Place
Federal Way, WA


