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34007 1st Circle S, Federal Way, WA 98003

Federal Way
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: taylor wyman, steve fischer
Office: northmarq multifamily, llc.
MLS#:2449226
Source:NWMLS
34007 1st Circle S,Federal Way, WA 98003
$1,345,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,345,000
  • Monthly HOA dues:$1,017

About this home

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.

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Home facts

  • Year built:1979
  • Listing ID #:2449226
  • Updated:March 12, 2026 at 06:43 PM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor, Vinyl Plank

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition, Torch Down
  • Year built:1979
  • Lot area:0.41 Acres
  • Lot Features:Corner, Dead-end Street, Paved, Sidewalk
  • Construction Materials:Cement Planked
  • Exterior Features:Athletic Court

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,345,000
  • Tax amount:$13,767 (2025)

Features and amenities

  • Amenities:Athletic Court

Parking

  • Total parking spaces:9
  • Parking description:Uncovered Space(s) : 3
  • Carport spaces:6
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 12, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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