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%.
| MLS # | 2590067 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $1,016 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 18 |
| Listing Provided By | Northmarq Multifamily, LLC | Taylor Wyman |
| SQ Feet | 6,000 |
|---|---|
| Car Port | Yes |
| Story(s) | 3 |
| Units | 6 |
| Zoning | Multi-Family |
| Acreage | 0.41 |
| Property View | Yes |
| Property | 14489 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Panther Lake |
| School District | Federal Way Snr High |
| Elementary School | Panther Lake Elem |
| High School | Federal Way Snr High |
| Listing VS Median (in Panther Lake) | |
Price: $1,250,000 low | high Med: $899,950 sqft: 6,000 low | high Med: 3,056 $ / sqft: $208 low | high Med: $294 On site: 18 low | high Med: 200 | |
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Panther Lake |
| School District | Federal Way Snr High |
| Elementary School | Panther Lake Elem |
| High School | Federal Way Snr High |
| Listing VS Median (in Panther Lake) | |
Price: $1,250,000 low | high Med: $899,950 sqft: 6,000 low | high Med: 3,056 $ / sqft: $208 low | high Med: $294 On site: 18 low | high Med: 200 | |