23 S 342nd Place, Federal Way, WA 98003 (MLS # 2451216)
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Listing provided courtesy of Northwest MLS; Skyline Properties, Inc., sold by HomeSmart Real Estate Assoc
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Turnkey 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. New roof in 2024, New siding in 2024, new exterior and interior paint in 2024. Prime location close to schools, library, shopping, restaurants, hospital, 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 cash flowing property.
| LAST UPDATED | 1/22/2026 | TRACT | Panther Lake |
|---|---|---|---|
| YEAR BUILT | 1979 | COMMUNITY | Panther Lake |
| COUNTY | King | STATUS | Sold |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 110 - Dash Point/Federal Way |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| HOA DUES | 677 |
| LOT | 0.2965 acre(s) |
| LOT DESCRIPTION | Adjacent to Public Land, Cul-de-sac, Curbs, Dead End Street, Paved, Sidewalk |
| MLS STATUS | Sold |
| STORIES | 2 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | Panther Lake |
| TAXES | 7870 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/9/26 5:59 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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