115 S 339th Circle Federal Way WA 98003 MLS #NWM2435784

115 S 339th Circle
Federal Way, WA, 98003
$899,000
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Listing Provided Courtesy of Skyline Properties, Inc.
A perfect opportunity for first-time or hands-off investors! This 100% turnkey 4-plex is located in the sought-after Panther Lake area, where the community boasts a vacancy rate under 2% and is professionally managed with community-maintained grounds.Each of the four units features 2 bedrooms / 1 bathroom, fireplace, in-unit washer and dryer. 4 carport parking plus additional visitor parking. Newer exterior paint (2024). Tenants reimburse for utilities. Professional property management is in place at just 5%, making this a true hands-free investment. Don’t miss this rare chance to own a low-maintenance, income-producing property in a thriving rental market.
Current real estate data for Multi Family in Federal Way as of Nov 07, 2025
4
Multi Family Listed
36
Avg DOM
286
Avg $ / SqFt
$1,028,250
Avg List Price

Property Details

Price:
$899,000
MLS #:
NWM2435784
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Subdivision:
Panther Lake
Neighborhood:
110dashpointfederalway
Listed Date:
Sep 23, 2025
Finished Sq Ft:
3,056
Total Sq Ft:
3,056
Lot Size:
9,614 sqft / 0.22 acres (approx)
Year Built:
1979
Units:
4
110 – Dash Point/federal Way110dashpointfederalwayPanther LakeFederal WayPanther Lake ElemIllahee Jnr HighTodd Beamer High

Schools

School District:
Federal Way
Elementary School:
Panther Lake Elem
Middle School:
Illahee Jnr High
High School:
Todd Beamer High

Interior

Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
Heating
Radiant

Exterior

Construction Materials
Wood
Exterior Features
Wood, Wood Products
Parking Spots
6
Roof
Composition

Financial

HOA Fee
$678
HOA Frequency
Monthly
Net Operating Income
$42,261
Tax Year
2025
Taxes
$8,455

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Property Summary

    Located in the Panther Lake subdivision, 115 S 339th Circle Federal Way WA is a Multi Family for sale in Federal Way, WA, 98003. It is listed for $899,000 To schedule a showing of MLS#nwm2435784 at 115 S 339th Circle in Federal Way, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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Karrie Kelley

Karrie Kelley

Realtor®

Phone 425 218-4178

More About Karrie
Listing courtesy of Skyline Properties, Inc.

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Nov-07-2025 12:13:00 pm. © 2025 NWMLS.
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115 S 339th Circle
Federal Way, WA