See all 13 photos

Listed by:Northmarq Multifamily, LLC • Taylor Wyman

$1,345,000

Est. payment - /mo

Save

12 Beds

6 Baths

0.41 Acres Lot

Active

34007 1st CIR S Federal Way, WA 98003

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ryan Born

ryan@born-realty.com +1(206) 498-0342

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Panther Lake

MLS Listing ID 2449226

Style 55 - 5-9 Units

Bedrooms 12

HOA Fees $1,016/mo

Year Built 1979

Annual Tax Amount $13,767

Lot Size 0.413 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 110 - Dash Point/Federal Way

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Athletic Court

View Y/N Yes

View Territorial

Roof Type Composition,Torch Down

Building

Lot Description Corner Lot, Dead End Street, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Federal Way

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Mortgage Calculator

/monthly

Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Local Media

Education

Pets

Public Services & Government

New Peking Wok

32921 1st Ave S, Federal Way, WA 98003

Chinese Phone: 253-838-2688
Mi Chalateca

33427 Pacific Hwy S, Federal Way, WA 98003

Salvadoran Phone: 253-838-1688
Poverty Bay Cafe & Coffee Co

1108 S 322nd Pl, Federal Way, WA 98003

Diners Phone: 253-945-0012
Subway

32225 Pacific Hwy S, Federal Way, WA 98003

Fast Food Phone: 253-941-1625
Jasper’s Coffee Company & Deli

33501 1st Way S, Federal Way, WA 98003

Coffee & Tea
Best Sushi

32911 1st Ave S, Federal Way, WA 98003

Sushi Bars Phone: 253-838-1476
Peking Palace

32002 11th Ave SW, Federal Way, WA 98023

Chinese Phone: 206-364-7890
Hae Song

32703 Pacific Hwy S, Federal Way, WA 98003

Korean Phone: 253-878-5103
K City

32703 Pacific Hwy S, Federal Way, WA 98003

Bars Phone: 253-838-0133
Pizza Pizazz

32925 1st Ave S, Federal Way, WA 98003

Pizza Phone: 253-661-1101
Billy McHales

1320 S 324th St, Federal Way, WA 98003

American (Traditional) Phone: 253-839-4200
Peking Wok

32921 1st Ave S, Federal Way, WA 98003

Chinese Phone: 253-838-2688
Mika Japanese Buffet

1426 S 324th St, Federal Way, WA 98003

Sushi Bars Phone: 253-839-9988

Educational Environment

Elementary Schools (1)High Schools (2)

Name