Sold217d on market
23 S 338th Place
Federal Way, WA, 98003 • West Campus • King County
$1,050,000
$269/sqft
8Beds
8Baths
3,904Sqft
0.28 acLot
1979Built
Property DNA
Federal Way
West Campus
Market activity
Demand and pricing signals for this listing
1 views
People checking out this listing
217 days on market
Established listing
$269/sqft
Price per square foot
About this home
Multi Family · Built 1979
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.
Estimated monthly payment
Based on current rates
$7,117/month
Principal & Interest$5,039
Property Tax$1,050
Insurance$350
HOA$678
Down payment20% ($210,000)
3%50%
Est. 6.00% rate · 30yr fixed · $840,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1979
HeatingBaseboard, Electric
CoolingNone
Parking1 Covered Parking space
HOA$678 monthly
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionGood
Year built1979
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic, Company: Lakehaven / Sewer Connected, Company: Lakehaven
Parking & Outdoor
ParkingOpen
Lot0.28 Acres
Location & Tax
NeighborhoodWest Campus
Annual tax$9,482
Parcel1322020310
Bathrooms & Fees
HOA$678/mo
Features & details
9 categories of property features
Interior Features
Flooring
Vinyl
Carpet
Heating
Baseboard
Electric
Cooling
None
Windows
Thermal Windows
Green/Energy
Thermal Windows
Exterior Features
Parking
Open
Construction
Wood Siding
Wood Products
Lot Features
Curbs
Dead End Street
Paved
Sidewalk
Cable TV
Deck
High Speed Internet
Utilities
Xfinity
Xfinity
Listing insights
Market data and value estimates
StatusSold
Days on market217
Est. value$1,074,100
Est. rent$2,108/mo
Tax rate0.82%
Price/sqft$269
On marketAug 30, 2025
PostedJun 26, 2025
Last sold$1,050,000
MLS statusSold
MLS updatedOct 4, 2025
Tour days6
Views1
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98003
Price history
8 events
DateEventPrice$/sqftSource
Sep 3, 2025Sold$1,050,000$269NWMLS as distributed by MLS GRID
Jul 31, 2025Pending Sale$1,044,995$268NWMLS as distributed by MLS GRID
Jul 11, 2025Price Change$1,044,995$268NWMLS as distributed by MLS GRID
Jun 26, 2025Listed For Sale$1,064,995$273NWMLS as distributed by MLS GRID
Apr 20, 2004Sold$310,000$79NWMLS as distributed by MLS GRID
Oct 26, 2001Sold$261,500$67NWMLS as distributed by MLS GRID
Nov 16, 2000Sold$237,500$61Public Record
Jun 30, 1998Sold$200,000$51Public Record
Sold$1,050,000
Sep 3, 2025•$269/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,044,995
Jul 31, 2025•$268/sqft•NWMLS as distributed by MLS GRID
Price Change$1,044,995
Jul 11, 2025•$268/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,064,995
Jun 26, 2025•$273/sqft•NWMLS as distributed by MLS GRID
Sold$310,000
Apr 20, 2004•$79/sqft•NWMLS as distributed by MLS GRID
Sold$261,500
Oct 26, 2001•$67/sqft•NWMLS as distributed by MLS GRID
Sold$237,500
Nov 16, 2000•$61/sqft•Public Record
Sold$200,000
Jun 30, 1998•$51/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 9, 2024$9,513$873,000
Apr 9, 2023$9,482$860,000
Apr 9, 2022$8,549$862,000
Apr 9, 2021$8,824$775,000
Apr 9, 2020$8,576$708,000
Apr 9, 2019$7,632$631,000
Apr 9, 2018$6,677$570,000
Apr 9, 2017$7,087$490,000
Apr 9, 2016$5,921$453,000
Apr 9, 2015$5,921$443,000
Apr 9, 2014$5,921$400,000
Apr 9, 2013$5,921$418,000
Apr 9, 2012—$387,000
Apr 9, 2011—$387,000
Apr 9, 2010—$427,000
Apr 9, 2009—$427,000
Apr 9, 2007—$370,000
Apr 9, 2006—$262,000
Apr 9, 2005—$262,000
Apr 9, 2001$2,874$206,000
Apr 9, 2000$3,035$210,000
Nearby homes
Neighborhood details
Local context around this listing
Federal Way, WA • King County
Nearby neighborhoods
AdelaideAlderbrookCampus HighlandsLaurelwoodMadronaMirror LakeRedondoSteel LakeTwin LakesWest Campus
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98003980239806398093
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Based on information submitted to the MLS GRID as of 2026-04-08 17:18:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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