USAWAFederal WayPanther Lake34007 1St Cir S
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34007 1st Cir S, Federal Way, WA

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,395,000

009

MLS® 2449226

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $13,767
Days Active 61
Lot Size 0.4132 acres
Approx. Age 1979
MLS® Number 2449226

Property Address: 34007 1st Cir S, Federal Way, WA, 98003-6541

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2449226
Laundry Level
Central VacNo
FireplaceNo
Acreage0.4132
Exterior
GarageNo
Approx. Age1979
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 28, 2025List Date
$1,395,000List Price
  • Commute

Commute

Starting Address
Destination Address
34007 1 St Cir S, Federal Way, WA

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