34005 1st Circle S, Federal Way, WA 98003 (MLS # 2593882)

Save to Favorites
 Print
 Share
Listing provided courtesy of Northwest MLS; Better Properties N. Proctor

PRICE $959,500
BEDS 0
BATHS 0
HOME SIZE 4,036 sqft
LOT SIZE 10,451 sqft
Request More Info Schedule a Showing
Rarely available townhome-style 4-plex in the professionally managed Panther Lake community, offering some of the largest floor plans in the complex. Each two-level unit features 2 bedrooms, 1.5 baths, and approx 1,009 SF per builder/management. The main floor offers a living room with wood-burning fireplace, separate dining room, kitchen, half bath, and in-unit washer/dryer; upstairs are two bedrooms with double closets and a full bath. Two private decks per unit. Current rents $1,600-$1,850 with upside toward the $1,895 market rate for this plan. Four carport spaces plus additional parking. HOA dues cover water, sewer, garbage, exterior maintenance, and grounds, and tenants reimburse $158/month per unit for water/sewer/garbage plus pay their own electric. Required on-site management (5%) makes ownership hands-off for local or out-of-area investors. Owner-occupants may qualify for FHA/VA financing. Community playground and sport court. Minutes to I-5, Hwy 18, shopping, and the Federal Way light rail station. Priced below the most recent sale of an identical floor plan in the community. Seller intends to complete a 1031 exchange; buyer to cooperate at no cost or liability to buyer.

LAST UPDATED 10/13/2026 TRACT Panther Lake
YEAR BUILT 1979 COMMUNITY Panther Lake
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Panther Lake Elem
Jr. High School Illahee Jnr High
High School Todd Beamer High


ADDITIONAL DETAILS
AIR None
AREA 110 - Dash Point/Federal Way
HEAT Baseboard, Electric
HOA DUES 677.8
LOT 10450 sq ft
LOT DESCRIPTION Curbs, Paved, Sidewalk
MLS STATUS Active
STORIES 2
STYLE 54 - 4-Plex
SUBDIVISION Panther Lake
TAXES 10346
UTILITIES Cable Available, Sewer Connected
WATER Public
ZONING Multi-Family

SATELLITE VIEW



 
CONTACT US ABOUT 34005 1ST CIRCLE S
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Katy Smith to contact you even if your name is on a Federal or State "Do not call List".

Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/14/26 5:24 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

DMCA Notice

  Logo

This IDX solution is (c) Diverse Solutions 2026.