34007 1st Circle S Federal Way, WA 98003
34007 1st Circle S
Federal Way, WA 98003
$1,395,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
Panther Lake Apartments is a 6-unit building built in 1979, located in Federal Way. The property offers a true hands-off investment with professional management in place and HOA dues covering water, sewer, garbage, and landscaping. All units are 1,000 SF with two bedrooms, one bathroom, in-unit washer & dryers, wood-burning fireplaces, and covered parking. As part of a larger residential community, residents benefit from shared amenities including on-site management, a playground, and tennis courts. Located just 1.5 miles from I-5, the property offers convenient access to Tacoma, Seattle, and the broader Puget Sound region. Priced at $233K per unit with a cap rate north of 6%, it presents an attractive basis.
Property Features
Community: Panther Lake
5-9 Units
View: Territorial
Athletic Court
Exterior: Cement Planked
Roof: Composition
Roof: Torch Down
Year Built: 1979
HOA Dues: $1017
2025 Taxes: $13767.00
Buyer Broker Comp.: 2.5%
Listing #: 2449226
Lot Details
Lot Size: 0.41 acres
Corner Lot
Dead End Street
Paved
Sidewalk
No. of Units: 6
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Playground
Schools
District: Federal Way
Call or Email:
Grace Wamwere
What's Near 34007 1st Circle S Federal Way, WA 98003?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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Courtesy of Northmarq Multifamily, LLC
