Turnkey 4-plex opportunity in Federal Way! Strong rental fundamentals and major capital improvements already completed—ideal for both seasoned investors and those looking to expand their portfolio. This spacious property offers 3,056 rentable sq ft across four well-designed 2 bed / 1 bath units, all fully occupied, providing immediate and consistent income. Each unit features in-unit washer & dryer, dedicated covered parking, and comfortable living spaces that stay in demand which enhances tenant appeal and retention! The building envelope has been recently refreshed with significant exterior upgrades, including a new roof (2024) with warranty, new chimney chase cover, new gutters, and a full exterior paint job—minimizing deferred maintenance and future capital expenses. Hello, fewer surprise expenses! With big-ticket items already addressed, this investment offers a more predictable ownership experience and allows the next owner to focus on cash flow and long-term appreciation. The location is a win—close to restaurants, shopping, transit, and schools, plus just minutes to the new Sound Transit light rail. A low-maintenance, income-producing asset that you don’t want to miss!
Listing Courtesy of Northwest MLS as distributed by MLS GRID / Listed By: Heather Maddox, Windermere Real Estate Psr, Inc.
$549,950 (USD)
Federal Way Area Residential
Active
3705 SW 338th Place Federal Way, WA 98023
3 Bed
2 Baths
1260 sqft
MLS# 2550119
Wonderfully updated & maintained rambler! This 3 bedroom, 1.75 bathroom home has been completely remodeled and opened up to have a large island kitchen with ample storage and lots of natural light. The stunning kitchen is open to the dining room, family room with fireplace & the living room with huge floor-to-ceiling windows. Not only have the cosmetics been updated, but the important systems have been as well! This home features a new roof, all new windows, new exterior paint, a cleaned-out crawl space with new insulation & vapor barrier, and updated LVP flooring throughout. The efficient floorplan features 3 bedrooms and 1.75 bathrooms, including a primary suite. Outside you will find a covered deck for year-round enjoyment and a large corner lot with mature landscaping, large trees for shade & privacy, and a greenhouse! This home is a must see!
Listing Courtesy of Northwest MLS as distributed by MLS GRID / Listed By: Heather Maddox, Windermere Real Estate Psr, Inc.
$449,950 (USD)
Lynnwood Area Condominium
Pending
16714 Cobblestone Drive 102 Lynnwood, WA 98037
2 Bed
2 Baths
1143 sqft
MLS# 2543394
Freshly updated and move-in ready, this inviting 2-bed, 2-bath condo offers the perfect blend of comfort and convenience! Recent updates include fresh interior paint, brand-new carpet, countertops, stainless steel dishwasher and microwave, and updated lighting throughout. Soaring ceilings and abundant natural light create an open, airy feel. The spacious primary suite offers excellent storage with both a large walk-in closet and an additional closet, along with an ensuite bath featuring double sinks. A generously sized second bedroom is located just off the entry hallway, with a nearby full bath for added privacy and flexibility. A full-size W/D are conveniently tucked away in the utility closet. Enjoy cozy evenings by the gas fireplace or relax on the oversized covered balcony with additional storage closet. The kitchen features a breakfast bar overlooking the dining area, plus a flexible dining nook ideal for a second dining space, home office, coffee bar, or pantry area. An attached 1-car garage plus driveway parking provides space for two vehicles. Residents will appreciate the FHA-approved, pet-friendly community with mature landscaping, a well-managed HOA, and amenities including a reservable cabana. Ideally located less than 10 minutes from both Alderwood Mall and the light rail, with shopping, dining, parks, and transit nearby.
Listing Courtesy of Northwest MLS as distributed by MLS GRID / Listed By: Brandi Nelson, Windermere Real Estate Psr, Inc.
$395,000 (USD)
East Hill Area Land
Active
13410 SE 256th Street Kent, WA 98042
Bed
0 Baths
sqft
MLS# 2466786
Rare opportunity in a convenient Kent location! This versatile .29-acre property features an impressive oversized 35' x 39' heated shop w/ room for 6 vehicles- perfect for car enthusiasts, storage needs, or future workshop dreams. Property comes w/ drafted plans for those who want to expand the shop & build a home on-site, offering incredible potential for a custom live-work setup. Utilities are available (electricity connected; water, gas & sewer in the street). Whether you're looking for a functional shop space now or envision a larger future build, this property delivers flexibility, possibility & unbeatable convenience. Recent updates include a 2-year-old roof & refreshed interior & exterior paint (2023), making the space feel ready for your vision.
Listing Courtesy of Northwest MLS as distributed by MLS GRID / Listed By: Brandi Nelson, Windermere Real Estate Psr, Inc.
$385,000 (USD)
Fairwood Area Condominium
Active
14140 SE 171st Way E204 Renton, WA 98058
2 Bed
2 Baths
1054 sqft
MLS# 2549568
Welcome home to this beautifully updated 2-bedroom, 2-bath condo in the Heritage at Fairwood community. Thoughtfully renovated throughout, this move-in-ready home features newer luxury vinyl plank flooring, fresh interior paint, a stunning kitchen with quartz countertops and gas range, stainless steel appliances, newer cabinetry, and tastefully updated bathrooms. Soaring ceilings and abundant natural light create an open, airy feel, while the cozy gas fireplace adds warmth and charm to the main living space. Step out onto the private balcony to unwind and enjoy peaceful views overlooking the adjacent Fairwood Golf & Country Club. A private garage adds everyday convenience, and with no rental cap, this home offers excellent flexibility for homeowners and investors alike. Golf course memberships are available, offering access to an 18-hole golf course, clubhouse, restaurant, and fitness center. Conveniently located near grocery stores, restaurants, coffee shops, gyms, and everyday amenities, this stylish condo offers the perfect blend of comfort, convenience, and low-maintenance living.
Listing Courtesy of Northwest MLS as distributed by MLS GRID / Listed By: Heather Maddox, Windermere Real Estate Psr, Inc.
Northwest MLS as distributed by MLS GRID / Listed By: Heather Maddox, Windermere Real Estate Psr, Inc.