30 S 342nd Pl, Federal Way, WA 98003

Multifamily · Federal Way · Seattle-Bellevue metro, WA

One of 255 reachable multifamily buildings in Federal Way. Larger than 1% of multifamily buildings in Federal Way (median 3,968 SF), derived from assessor records.

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Building size: 2,712 SF, King County Assessor
Lot size: 9,675 SF, King County Assessor
Year built: 1979, King County Assessor
Stories: 2, King County Assessor
Predominant use: Panther Lake 4 Plex Model 1B2B, King County Assessor
Units: 4, King County Assessor
Assessed value: $800,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $294.99/SF, derived from assessor records
Lot coverage: 28%, derived from assessor records
Vintage: 1970s vintage
Zoning: RM2400, King County
County use code: 4-Plex

Nearby comparable buildings

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

21 S 341st Pl, Federal Way · 0 mi · 3,600 SF · built 1979 · assessed $209.72/SF
32 S 342nd Pl, Federal Way · 0 mi · 3,056 SF · built 1979 · assessed $268.65/SF
29 S 342nd Pl, Federal Way · 0 mi · 3,904 SF · built 1979 · assessed $237.96/SF
27 S 341st Pl, Federal Way · 0 mi · 3,904 SF · built 1979 · assessed $232.33/SF
27 S 342nd Pl, Federal Way · 0 mi · 3,600 SF · built 1979 · assessed $209.72/SF
25 S 342nd Pl, Federal Way · 0 mi · 2,784 SF · built 1979 · assessed $288.07/SF

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Sale history and market context

MakeMe Estimate: $863,678 (estimated market value), with a likely range of $766,676 to $985,216 (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 $216K per unit at the midpoint (4 units).

Last sold: 2015-03-17 for $320,000 (recorded arm's-length sale).

Current ownership dates to 2015 (about 11 years) per recorded transfers.

2015-03-17: $320,000 from Paks Circle of Friend Investments LLC to Private party, rec. 20150320000767

2006-08-25: $420,000 from Private party to Pak's Circle of Friends Investments LLC, rec. 20060829002124

2004-06-06: $93,333 from Private party to Private party (non-market transfer), rec. 20040610002313

3 administrative transfers (no consideration), 1993 to 2004

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 $284,000 (2011) to $800,000 (2026), up 182% over 15 years, per county tax rolls. The 2026 roll splits $800,000 into $208,000 land and $592,000 improvements.

Zoning: RM2400 (per King County)

Lot: 9,675 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) 2,712 SF (county building sections)

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