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.
- WA
- Federal Way
- 98003
- 23 342nd Place
- MLS# 2451216
- Date Listed10/30/2025
- Days on Realty 20 Days
- Bedrooms -
- Bathrooms
- Lot Size 0.3 acres (12,915 sq. ft)
- Subdivision Panther Lake
- Property Type Multi Family
- County King
- Year Built 1979
- Water Public
- Square Feet 2,712 sq. ft
- Price Per Sq. Ft $320.43
Interior Features
- Flooring Vinyl, Carpet
- Cooling None
- Heating Electric, Baseboard
Exterior / Lot Features
- Roof Composition
- Lot Size Acres 0.30
- Lot Size SQFT 12,915.00
- Lot Features Cul- De- Sac, Paved
Directions
GPS is correct.
Financial Considerations
- HOA Fee $677 Monthly
- Tax Amount $7,870
- Terms Cash, Conventional, FHA, VA Loan
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 33404 30th Avenue SW | Listing | 4 | 2 | Nov 10, 2025 | $425,000 | Jun 25, 2024 | $527,340 |
| 1735 SW 346th Place | Listing | 4 | 3 | Sep 20, 2025 | $680,000 | Feb 23, 2024 | $750,500 |
| 926 SW 356th Street | 4 | 3 | Oct 20, 2025 | $775,000 | Nov 19, 2025 | - |
| 5914 26th Street NE | 4 | 2 | Nov 17, 2025 | $500,000 | Nov 19, 2025 | - |
| 36850 12th Avenue S | 3 | 2 | Sep 29, 2025 | $599,950 | Nov 19, 2025 | - |
| 810 SW 356th Street | 3 | 2 | Nov 06, 2025 | $549,800 | Nov 19, 2025 | - |
| 33009 4th Place S | 5 | 5 | Oct 31, 2025 | $925,000 | Nov 19, 2025 | - |
| 2606 SW 323rd Street | 3 | 2 | Oct 30, 2025 | $675,000 | Nov 19, 2025 | - |
| 2431 S 354th Street | 3 | 3 | Nov 17, 2025 | $575,000 | Nov 19, 2025 | - |
| 1015 SW 348th Place | 3 | 3 | Oct 27, 2025 | $620,000 | Nov 19, 2025 | - |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 50,751 | 99,239 | 2,288,466 | 335,858,263 |
| Population Density | 4,473 | 4,455 | 1,082 | 95 |
| People per Household | 2.5 | 2.7 | 2.4 | 2.6 |
| Median Age | 38.4 | 38.3 | 40.8 | 39.1 |
| Median Income | $63,796 | $71,655 | $102,088 | $66,222 |
| Average Income | $31,914 | $33,436 | $57,363 | $35,475 |
| Cost of Living Index | 97 | 104 | 99 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 34.6°F | 35.1°F | 35.92°F | 22.6°F |
| July Avg. High Temp | 77.4°F | 76.1°F | 75.16°F | 86.2°F |
| Annual Precipitation | 39.59" | 38.95" | 37.28" | 38" |
50/100
Somewhat Walkable
Walk Score ®
34/100
Some Transit
Transit Score ®
36/100
Bikable
Bike Score ®
Overview
Some errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.Transit Summary
6 nearby routes: 6 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 27/100, Transit Score: 17/100, Bike Score: 32/100.
Property Change History
Points of Interest near 23 342nd Place, Federal Way, WA 98003
370 ft
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528 ft
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475 ft
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898 ft
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0.27 mi
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792 ft
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950 ft
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0.29 mi
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317 ft
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686 ft
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739 ft
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792 ft
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950 ft
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0.29 mi
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317 ft
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739 ft
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950 ft
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0.27 mi
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Frequently Asked Questions for 23 342nd Place
Source: Realty.com
23 342nd Place, Federal Way, WA 98003 is a Multi Family, Residential Income property listed for $869,000 The property is 2712 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 4 photos of 23 342nd Place.
Our records indicate that 23 342nd Place was built in 1979.
The full address for this home is 23 342nd Place, Federal Way, WA 98003.
23 342nd Place has been listed on Realty.com since Thu October 30, 2025
Some errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 27/100, Transit Score: 17/100, Bike Score: 32/100.
Listing provided courtesy of:
Skyline Properties, Inc.
(tel: 425-455-2065)
Listing agent:
Michael Fladseth
(#75939)
This content last refreshed on 2025-11-19 08:53:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 23 342nd Place, Federal Way, WA 98003 : MLS# 2451216