$ 1,395,000
-
$1,395,000
Price -
12
Bed -
6
Bath -
6,000
SqFt
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About the Listing 10342 - 119131,54887
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 Highlights for 34007 1st Cir S
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
2449226
Year Built
1979
Total Square Footage
6,000
Lot/Acreage
0.41
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Dead End Street,Paved,Sidewalk,Athletic Court,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: Multi-Family
- Roof: Composition,Torch Down
- Others: Cement Planked,Good
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $13,767
- Taxes w/Assessments: N/A
- Tax/Property ID: 1322020360
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
34007 1st Cir S Federal Way, WA 98003
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