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Panther Lake Apartments
34007 1st Circle S Federal Way WA 98003
Listing #: 704510 | Status: Available | Last Modified: 4/17/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 6.31 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 6 |
| # of Elevators | 0 |
| Total Building SF | 5,400 SF |
| Net Rentable Area | 6,000 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 784,036,440 SF |
| Acres | 17999.0 |
| Year Built | 1979 |
| Roof Type | Composition |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | King |
| Vicinity | Panther Lake |
| Market Area | Federal Way |
| Tax ID # | 1322020360 |
| Zoning | RM2400 |
| Parking Information | |
|---|---|
| #Covered Spaces | 6 |
| # Uncovered Spaces | -6 |
| Total Parking Spots | 0 |
Panther Lake Apartments
Renovated Units: 3 of 6 units are fully renovated, with one being turned, and 2 remaining classic. In-Unit Washer & Dryer: All units are equipped with in-unit laundry. Hands Free Investment: Community has in place professional management and HOA. Monthly HOA dues include water, sewer, garbage, landscaping and common area maintenance. Large Community: Part of a larger community with on-site management, on-site maintenance, playground, tennis courts, and other community amenities. Exterior Renovation: New exterior paint and new exterior windows and sliders. Well Located: Only 1.5 miles from I5 allowing residents convenient access to Tacoma (11 mi), Seattle (25mi), and the rest of the Puget Sound Region. Attractive Basis: Listed above a 6% cap rate for $233,000 per unit and $233 per sq
Panther Lake Apartments
34007 1st Circle S Federal Way WA 98003
Listing #: 704510 | Status: Available | Listing Date: 10/28/2025 | Last Modified: 4/17/2026 | Email Listing
For Sale
Panther Lake Apartments
