$959,500
 $5,151 est/mo Sourced by Back At You

34005 1st Circle,Federal Way, WA 98003

Federal Way, WA 98003

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Description

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.

Details

MLS #2593882
Listing TypeFor Sale
Building NameCampus View Div. III
HOA Dues$677
Sub-TypeResale
StatusActive
Year1979
Days On Site31
Listing Provided ByBetter Properties N. Proctor | Leo Zhuk

Features

SQ Feet4,036
Car PortYes
Story(s)2
Units4
ZoningMulti-Family
Acreage0.24

Taxes

Property10346

Area Information

StateWA
CountyKing
CityFederal Way
Zip Code98003
Area110 Dash Point | Federal Way
Community NamePanther Lake
School DistrictTodd Beamer High
Elementary SchoolPanther Lake Elem
High SchoolTodd Beamer High
Listing VS Median (in Panther Lake)
Price:
$959,500
low | high
Med:
$899,950
56.206357477853% of Average
sqft:
4,036
low | high
Med:
3,056
74.281466798811% of Average
$ / sqft:
$238
low | high
Med:
$294
26.128553265908% of Average
On site:
31
low | high
Med:
225
13.777777777778% of Average
Sourced by Back At You

Market Activity 98003

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Learn More About This Property

StateWA
CountyKing
CityFederal Way
Zip Code98003
Area110 Dash Point | Federal Way
Community NamePanther Lake
School DistrictTodd Beamer High
Elementary SchoolPanther Lake Elem
High SchoolTodd Beamer High
Listing VS Median (in Panther Lake)
Price:
$959,500
low | high
Med:
$899,950
56.206357477853% of Average
sqft:
4,036
low | high
Med:
3,056
74.281466798811% of Average
$ / sqft:
$238
low | high
Med:
$294
26.128553265908% of Average
On site:
31
low | high
Med:
225
13.777777777778% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $719K - $1.199M
sqft: 3,000 - 5,000
Listing Updated: October 14, 2026 at 7:53:08 AM PDT
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