34007 1st Circle S · Federal Way, WA 98003
Source: NWMLS · Northmarq Multifamily, LLC · Taylor Wyman #NWM2590067
About this home
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%.
Location
Basics
- Property type
- Multi Family
- Style
- 5-9 Units
- Stories
- 3 stories
- Condition
- Good
- Year built
- 1979 (renovated 2005)
- Lot size
- 17,999 sq ft (0.41 acres)
- County
- King
- MLS #
- NWM2590067
Interior
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Vinyl, Vinyl Plank, Carpet
Exterior & lot
- Exterior features
- Cement Planked
- Roof
- Composition, Torch Down
- Foundation
- Poured Concrete
- Lot features
- Corner Lot, Dead End Street, Paved
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 12
- Covered spaces
- 9
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Panther Lake
- HOA dues
- $1,017/mo
- Property tax
- $14,489 (2026)
Transaction
- Listed on
- Oct 1, 2026
- Days active
- 31
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2020-08-24
- Sold$950,000
Schools
School district: Federal Way
- Elementary
- Panther Lake Elem
- Middle
- Federal Way Public A
- High
- Todd Beamer High SchoolSchoolDigger 1 star · Top 87% in WA
Listing provided courtesy of: Northmarq Multifamily, LLC
Listing agent: Taylor Wyman.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-10-06.