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Provided by NWMLS, Listed by Leo Zhuk, 253-761-8888 at Better Properties N. Proctor
4,036 sqft

$959,500

34005 1st Circle S, Federal Way WA, 98003

Price per sqft$237.74
Built in1979
Property size4,036 sqft
Property typeMulti-family

Overview

Active

Updated 12h ago

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.

$6,384/mo

Est. mortgage payment based on a $959,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2593882

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.24 Acres

Other Property Details

Taxes
$10,346
Tax Frequency
Annually
Association Fee Frequency
Monthly
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Leo Zhuk, 253-761-8888 at Better Properties N. Proctor

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/15/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/15/2026 at 1:29 PM UTC . 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.

©2026 Northwest Multiple Listing Service all rights reserved.

Data last updated on 10/15/2026 at 1:29 PM UTC 

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