34007 1st Circle S Federal Way WA 98003 MLS #NWM2449226
34007 1st Circle S
Federal Way, WA, 98003
$1,345,000
Listing Provided Courtesy of Northmarq Multifamily, LLCPanther 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.
Current real estate data for Multi Family in Federal Way as of Apr 02, 2026
6
Multi Family Listed
77
Avg DOM
277
Avg $ / SqFt
$991,483
Avg List Price
Property Details
Price:
$1,345,000
MLS #:
NWM2449226
Status:
Active
Beds:
12
Baths:
6
Type:
Multi Family
Subdivision:
Panther Lake
Neighborhood:
110dashpointfederalway
Listed Date:
Oct 28, 2025
Lot Size:
17,999 sqft / 0.41 acres (approx)
Year Built:
1979
Units:
6
Schools
School District:
Federal Way
Interior
Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
Heating
Baseboard
Exterior
Construction Materials
Cement Plank
Exterior Features
Cement Planked
Lot Features
Corner Lot, Dead End Street, Paved, Sidewalk
Open Parking Spaces
3
Open Parking YN
1
Parking Spots
9
Parking Total
9
Roof
Composition, Torch Down
View
Territorial
Financial
HOA Fee
$1,017
HOA Fee Frequency
Monthly
Tax Year
2025
Taxes
$13,767
Map
Contact Us
Mortgage Calculator
Community
- Address34007 1st Circle S Federal Way WA
- SubdivisionPanther Lake
- CityFederal Way
- CountyKing
- Zip Code98003
Property Summary
- Located in the Panther Lake subdivision, 34007 1st Circle S Federal Way WA is a Multi Family for sale in Federal Way, WA, 98003. It is listed for $1,345,000 To schedule a showing of MLS#nwm2449226 at 34007 1st Circle S in Federal Way, WA, contact your HomeSmart One Realty agent at 425-218-4178.
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Courtesy of Northmarq Multifamily, LLC. Disclaimer: Based on information submitted to the MLS GRID as of Apr-02-2026 11:35:46 am. 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.Copyright 2026. All rights reserved.
34007 1st Circle S
Federal Way, WA