34007 1st Circle SFederal Way, WA98003
Listing courtesy of Taylor Wyman of Northmarq Multifamily, LLC
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| a week ago | Listing updated with changes from the MLS® | |
| a week ago | Listing first seen on site |
Listing courtesy of Taylor Wyman of Northmarq Multifamily, LLC
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Last checked: 2025-11-04 02:27 PM PST
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