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Street View
Listed by: Taylor Wyman (952) 356-0100 , Steve Fischer (425) 830-2254 | Northmarq Multifamily, LLC (952) 356-0100
$1,250,000
Monthly Est:$6,222
12 Beds
6 Baths
--sqft
34007 1st Circle S, Federal Way, WA 98003
$1,250,000
$6,222/moEst:
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Multi Family
Built in 1979
$1,017/mo HOA
17,999 sqft lot
--/sqft
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 $208K per unit with a cap rate of 6.7%,...
Continue Reading- Houzeo last checked: 11 hours ago
- Listing updated: October 1, 2026 at 10:16 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2590067
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1979
HOA Fees
$1017/mo
Finished Area
- sqft
Lot Size
17,999 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2590067
MLS Status
Active
Days on Market
1
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Location
HOA Management
N/A
HOA Fees
$1,016.7/ 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: 12
Bathrooms: 6
Interior
Flooring
Vinyl, Vinyl Plank, Carpet
Exterior Features
Cement Planked
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1979
Home type
Multi Family
Roof
Composition, Torch Down
Property Condition
Good
Foundation Details
Poured Concrete
Construction Materials
Cement Plank
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Corner Lot, Dead End Street, Paved
Subdivision Name
Panther Lake
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Listed for Sale | $1,250,000 +31.58% $0/sqft |
08/27/2020 Source: | Sold | $950,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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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