2220 SW 337th Pl, Federal Way, WA 98023

Multifamily · Federal Way · Seattle-Bellevue metro, WA

One of 255 reachable multifamily buildings in Federal Way. Larger than 72% of multifamily buildings in Federal Way (median 3,968 SF), derived from assessor records.

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Building size: 43,202 SF, King County Assessor
Lot size: 118,108 SF, King County Assessor
Year built: 1980, King County Assessor
Stories: 2, King County Assessor
Predominant use: Cedar Gardens Apts, King County Assessor
Units: 49, King County Assessor
Assessed value: $9,574,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $221.61/SF, derived from assessor records
Lot coverage: 37%, derived from assessor records
Vintage: 1980s vintage
Zoning: RM2400, King County
County use code: Apartment

Nearby comparable buildings

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

2501 SW 336th St, Federal Way · 0.1 mi · 93,998 SF · built 1981 · assessed $323.20/SF
2206 SW 334th Pl, Federal Way · 0.2 mi · 152,604 SF · built 1976 · assessed $203.36/SF
1900 SW Campus Dr, Federal Way · 0.4 mi · 250,783 SF · built 1989 · assessed $272.07/SF
1900 SW Campus Dr, Federal Way · 0.4 mi · 249,669 SF · built 1990 · assessed $270.76/SF
1300 SW Campus Dr, Federal Way · 0.5 mi · 257,756 SF · built 1990 · assessed $246.93/SF
1300 SW Campus Dr, Federal Way · 0.6 mi · 149,534 SF · built 1990 · assessed $228.47/SF

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Sale history and market context

MakeMe Estimate: $9,014,881 (estimated market value), with a likely range of $8,002,396 to $10,283,472 (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 $184K per unit at the midpoint (49 units).

Current ownership dates to 2005 (about 21 years) per recorded transfers.

2005-08-25: $3,051,425 from Private party to Cedar Gardens Apartments LLC (non-market transfer), rec. 20050825000591

2005-04-25: $348,900 from Schneider Homes INC to Private party (part of a 3-parcel sale; price is the whole deal), rec. 20050502001433

2003-08-20: $2,242,650 from Cedar Gardens LLC to Private party (non-market transfer), rec. 20030820000203

2000-06-30: transfer from Cedar Gardens Assoc to Cedar Gardens LLC (non-market transfer), rec. 20001003001044

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 $3,175,000 (2011) to $9,574,000 (2026), up 202% over 15 years, per county tax rolls. The 2026 roll splits $9,574,000 into $1,476,300 land and $8,097,700 improvements.

Zoning: RM2400 (per King County)

Lot: 118,108 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 43,202 SF (county building sections)

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