34007 1st Circle S, Federal Way, WA 98003

Property Description

This listing courtesy of Taylor Wyman, Northmarq Multifamily, LLC

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.

Listing Status:

Active

Listing Office:

Northmarq Multifamily, LLC : 952-356-0100

Listing Agent:

Taylor Wyman : 952-356-0100

MLS ID:

2449226

Interior

• Flooring: VinylVinyl PlankCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Cement Planked
• Parking: Parking spaces: 9

Construction

• Roofing: CompositionTorch Down
• General: 55 - 5-9 UnitsPoured Concrete

Location

• HOA Amenities: 1016.7Monthly
• Originating MLS: nwmls
• School District: Federal Way
• County: King

Lot

• Zoning: 1322020360
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls

This listing courtesy of Taylor Wyman, Northmarq Multifamily, LLC