122 S 329th Pl, Federal Way, WA 98003

Multifamily · Federal Way · Seattle-Bellevue metro, WA

Imagery suggests: multi-story residential, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 255 reachable multifamily buildings in Federal Way. Larger than 69% of multifamily buildings in Federal Way (median 3,968 SF), derived from assessor records.

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Building size: 31,158 SF, King County Assessor
Lot size: 115,434 SF, King County Assessor
Year built: 1980, King County Assessor
Stories: 2, King County Assessor
Predominant use: Westboro Apts, King County Assessor
Units: 32, King County Assessor
Assessed value: $7,025,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $225.46/SF, derived from assessor records
Lot coverage: 27%, derived from assessor records
Vintage: 1980s vintage
Zoning: RM2400, King County
County use code: Apartment
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

124 S 330th St, Federal Way · 0.1 mi · 31,158 SF · built 1986 · assessed $253.45/SF
33030 1st Ave S, Federal Way · 0.2 mi · 134,132 SF · built 1980
33110 1st Pl SW, Federal Way · 0.2 mi · 149,417 SF · built 1979 · assessed $248.41/SF
153 SW 332nd Pl, Federal Way · 0.3 mi · 118,347 SF · built 1981 · assessed $247.89/SF
32420 1st Ln SW, Federal Way · 0.3 mi · 102,296 SF · built 1989 · assessed $288.95/SF
333 S 320th St, Federal Way · 0.4 mi · 83,511 SF · built 1989 · assessed $243.86/SF

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Sale history and market context

MakeMe Estimate: $6,662,454 (estimated market value), with a likely range of $5,914,177 to $7,600,008 (half of recent verified sales in this segment landed inside that range). Based on 667 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $208K per unit at the midpoint (32 units).

Last sold: 2023-02-01 for $6,197,800 (recorded arm's-length sale).

Current ownership dates to 2023 (about 3 years) per recorded transfers.

2023-02-01: $6,197,800 from Winter Holly Limited Partnership to Converse Federal Way 32 LLC, rec. 20230203000497

1990-03-14: $1,400,000 from Private party to Winter Holly LTD Partnership, rec. 199003160918

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $2,360,000 (2011) to $7,025,000 (2026), up 198% over 15 years, per county tax rolls. The 2026 roll splits $7,025,000 into $1,442,900 land and $5,582,100 improvements.

Zoning: RM2400 (per King County)

Lot: 115,434 sq ft

Nuisance flags: Traffic noise

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Multiple Residence (Low Rise) 31,158 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)