$1,250,000
 $6,710 est/mo Sourced by Back At You

34007 1st Circle,Federal Way, WA 98003

Federal Way, WA 98003

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Description

Panther Lake Apartments is a 6-unit building built in 1979, located in Federal Way. All units are 1,000 SF with two bedrooms, one bathroom, in-unit washer & dryers, wood-burning fireplaces, private patios/balconies and covered parking. All new windows, sliders, exterior paint, and electrical panels in last two years. As part of a larger residential community, residents benefit from shared amenities including on-site management, a playground, and tennis courts. Located just 2 miles from the Light Rail station and 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%.

Details

MLS #2590067
Listing TypeFor Sale
HOA Dues$1,016
Sub-TypeResale
StatusActive
Year1979
Days On Site18
Listing Provided ByNorthmarq Multifamily, LLC | Taylor Wyman

Features

SQ Feet6,000
Car PortYes
Story(s)3
Units6
ZoningMulti-Family
Acreage0.41
Property ViewYes

Taxes

Property14489

Area Information

StateWA
CountyKing
CityFederal Way
Zip Code98003
Area110 Dash Point | Federal Way
Community NamePanther Lake
School DistrictFederal Way Snr High
Elementary SchoolPanther Lake Elem
High SchoolFederal Way Snr High
Listing VS Median (in Panther Lake)
Price:
$1,250,000
low | high
Med:
$899,950
78.004% of Average
sqft:
6,000
low | high
Med:
3,056
99.066666666667% of Average
$ / sqft:
$208
low | high
Med:
$294
8.646596858639% of Average
On site:
18
low | high
Med:
200
9% of Average
Sourced by Back At You

Market Activity 98003

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Learn More About This Property

StateWA
CountyKing
CityFederal Way
Zip Code98003
Area110 Dash Point | Federal Way
Community NamePanther Lake
School DistrictFederal Way Snr High
Elementary SchoolPanther Lake Elem
High SchoolFederal Way Snr High
Listing VS Median (in Panther Lake)
Price:
$1,250,000
low | high
Med:
$899,950
78.004% of Average
sqft:
6,000
low | high
Med:
3,056
99.066666666667% of Average
$ / sqft:
$208
low | high
Med:
$294
8.646596858639% of Average
On site:
18
low | high
Med:
200
9% of Average
Sourced by Back At You
Listing Updated: October 6, 2026 at 2:35:26 PM PDT