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Listed by: Leo Zhuk (253) 906-8970 | Better Properties N. Proctor (253) 761-8888
$959,500
Monthly Est:$4,776
8 Beds
8 Baths
4,036sqft
34005 1st Circle S, Federal Way, WA 98003
$959,500
$4,776/moEst:
Get Pre-Approved
Multi Family
Built in 1979
$678/mo HOA
10,449 sqft lot
$238/sq.ft
Description
Rarely available townhome-style 4-plex in the professionally managed Panther Lake community, offering some of the largest floor plans in the complex. Each two-level unit features 2 bedrooms, 1.5 baths, and approx 1,009 SF per builder/management. The main floor offers a living room with wood-burning fireplace, separate dining room, kitchen, half bath, and in-unit washer/dryer; upstairs are two bedrooms with double closets and a full bath. Two private decks per unit. Current rents $1,600-$1,850 with upside toward the $1,895 market rate for this plan. Four carport spaces plus additional parking. HOA dues cover water, sewer, garbage, exterior maintenance, and grounds, and tenants reimburse $158/month per unit for water/sewer/garbage plus pay their own electric. Required on-site management (5%) makes ownership hands-off for local or out-of-area investors. Owner-occupants may qualify for FHA/VA financing. Community playground and sport court. Minutes to I-5, Hwy 18, shopping, and the Federal Way light rail station. Priced below the most recent sale of an identical floor plan in the community. Seller intends to complete a 1031 exchange; buyer to cooperate at no cost or liability to buyer.
- Houzeo last checked: 11 minutes ago
- Listing updated: October 14, 2026 at 3:26 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2593882
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1979
HOA Fees
$678/mo
Finished Area
4,036 sqft
Lot Size
10,449 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2593882
MLS Status
Active
Days on Market
7
Cumulative Days on Market
231
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Location
HOA Management
N/A
HOA Fees
$677.8/ Monthly
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 8
Interior
Flooring
Vinyl, Carpet
Sewer
Sewer Connected
Exterior Features
Wood, Wood Products
Cooling
None
Heating
Baseboard
Construction
Year Built
Year Built: 1979
Home type
Multi Family
Property Condition
Good
Roof
Composition
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Panther Lake
Price History
| Date | Event | Price |
|---|---|---|
10/14/2026 Source: | Listed for Sale | $959,500 +79.35% $238/sqft |
10/03/2017 Source: | Price Increased | $535,000 +22.99% $133/sqft |
06/28/2006 Source: | Price Increased | $435,000 +8.75% $108/sqft |
05/02/2005 Source: | Sold | $400,000 $99/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 20, 2026, 02:32PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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