Property Photo: 23 S 338th Place WA 98003

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Listing Courtesy of:

Northwest MLS / Windermere Real Estate West Campus, Inc. / Stephen Janho and Windermere Prof Partners / Windermere Real Estate / West Campus, Inc. / Beck Nordstrom

23 S 338th Place Federal Way, WA 98003

Sold on 09/03/2025

$1,050,000 ^(USD)

3,904

SQFT

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Description

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.

MLS #:
2397419

Taxes
$9,482(2024)

Lot Size
0.28 acres

Type
Multifamily

Building Name
Campus View 03

Year Built
1979

Style
4-Plex

School District
Federal Way

County
King County

Community
Federal Way

Listed By

Stephen Janho, Windermere Real Estate West Campus, Inc.
Beck Nordstrom, Windermere Real Estate / West Campus, Inc.

Bought with
Anders Ibsen, Windermere Prof Partners

Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 24 2025 at 4:01 PM PST

Bathroom Details

Subdivision

Federal Way

Lot Information

Curbs
Dead End Street
Sidewalk
Paved

Property Features

Deck
Cable Tv
High Speed Internet
Fireplace: 0

Heating and Cooling

Baseboard

Homeowners Association Information

Dues: $678/Monthly

Flooring

Vinyl
Carpet

Exterior Features

Wood
Wood Products
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Electric
Energy: Green Efficiency: Thermal Windows

School Information

Elementary School: Panther Lake Elem
Middle School: Illahee Jnr High
High School: Todd Beamer High

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Jul 11, 2025

Price Changed

$1,044,995

-2%

-$20,000

Jun 26, 2025

Listed

$1,064,995

Additional Listing Info

Buyer Brokerage Compensation: 2

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Disclaimer: Based on information submitted to the MLS GRID as of 12/24/25 08:01. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.