4520 321 Street
Federal Way, WA 98023
Map
- 12 beds
- 7 baths
- 5,161 sqft
- $280 per sqft
- 1977 build
This Portfolio of 7 Condominiums at Maplewood has had the same owner and board member for more than 20 years. All units have new upgraded electrical panels, water heaters, roofs, energy-efficient vinyl windows and more. (5) 2 bedroom units and (2) 1 bedroom with spacious living rooms with private decks and patios with much greenery . With great full-time staff and optional rental group membership, you literally can make this a Turnkey investment with nothing to do but see the rental checks come in and grow over time. Even add or sell to your portfolio unit by unit. Conveniently located near Twin Lakes golf course, shopping, Dash Point, and major transit options, including the light rail and I-5. Soon to be double listed under Multifamily.
Last checked:
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Last updated Jun 13, 2025
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MLS# 2381328 —
The Building
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Year Built:1977
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Year Built:1977
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Year Built Source:Public Records
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New Construction:false
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Building Name:Maplewood Condominiums
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Structure Type:Multi Family
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Roof:Composition
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Security Features:Security Service
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Exterior Features:Wood
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CoOp:false
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Dwelling Type:Attached
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Unit Floor Level:2
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Units In Building Total:9
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Levels:One
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Stories Total:2
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# of Access Stairs:5
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Building Area Total:5161
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Building Area Units:Square Feet
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Calculated SqFt:5161
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SqFt Source:owner - all 7 units
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Construction Materials:Wood
Interior
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Fireplace:false
Financial & Terms
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Possession:Subject to Tenant Rights
Location
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Latitude:47.314114
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Longitude:-122.391023
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Directions:From I-5, take 320th St. exit. Go west on 320th. Turn left into Maplewood Condominiums at 45th Pl. SW. Go Right. See listing map for unit locations
The Property
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Property Type:Residential
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Property Subtype:Condominium
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Common Property Features:Pool-Outdoor
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Parcel Number:512600042000
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Lot Size Units:Square Feet
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Leased Equipment:washer dryers
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View:false
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Waterfront:false
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Additional Parcels Description:512600011005,512600028009,512600042000,512600107001,512600157006,512600158004,512600159002
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (425) 453-9100
- Office phone:
- (425) 453-9100
Taxes
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Tax Year:2025
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Tax Annual Amount:16822
Beds
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Bedrooms Total:12
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Bedrooms Possible:12
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Main Level Bedrooms:12
Baths
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Total Baths:7
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Baths:7
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Full Baths:7
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Main Full Baths:7
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Main Level Bathrooms:7
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# of Bathtubs:7
The Listing
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Owner Occupancy:26
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard
Utilities
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Water Company:Hoa
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Sewer Company:Hoa
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Power Company:Pse
Schools
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Elementary School:Buyer To Verify
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Middle Or Junior School:Buyer To Verify
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High School:Buyer To Verify
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High School District:Federal Way
The Community
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Subdivision Name:Twin Lakes
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Community Features:Pool
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Pets Allowed:Subject to Restrictions
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# of Units In Community:172
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Senior Community:false
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Association Fee:3353
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Association Fee Frequency:Monthly
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Association Fee Includes:Lawn Service, Road Maintenance, Security, Sewer, Trash, Water
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Association Contact Name:Targa Re Services
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Special Assessment:false
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Association:true
Parking
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Parking Features:Uncovered
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Open Parking:false
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Carport:false
Listing courtesy of NWMLS / Berkshire Hathaway HS NW
Monthly cost estimate
Asking price
$1,450,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,764
|
| Taxes | $1,401 |
| Insurance | $398 |
| HOA fees | $3,353 |
| Utilities | $203 See report |
| Total | $13,119/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/12/25
Jun 12, 2025
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Listed / Active | NWMLS | $1,450,000 |
