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$959,500 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago

Listed by Leo Zhuk | Better Properties N. Proctor | (253) 761-8888

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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.

Full Property Details for 34005 1st Cir S

General

  • Price: $959,500
  • HOA FEE: $678/month
  • Taxes: $10,346 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2593882
  • Updated: 10/13/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Deck, High Speed Internet, Patio

Parking

  • Carport Spaces: 4
  • Covered Spaces: 4
  • Uncovered Spaces: 3

Location

  • Area: 110 - Dash Point/Federal Way
  • County: King
  • Subdivision: Panther Lake
  • Building Name: Campus View Div. III
  • Driving Directions: From I-5, take Exit 142B and continue west on S 348th St. Turn right (north) on 1st Ave S, then left on 1st Pl S, then left onto 1st Cir S. Property is on the right. Please do not disturb tenants.

School Information

  • High School District: Federal Way
  • Elementary School: Panther Lake Elem
  • Middle School: Illahee Jnr High
  • High School: Todd Beamer High

Community

  • Association: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 4,036
  • Year Built: 1979
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.2399
  • Lot Size (Sq. Ft.): 10,449
  • Lot Size Source: County Records
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Association Fee: $678
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $10,346
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1322020350
  • Lot Number: 35

Listed by Leo Zhuk | Better Properties N. Proctor | (253) 761-8888

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Schools serving 34005 1st Cir S

School District:Federal Way School District
NameGradesDistance
Panther Lake Elementary School, Federal Way, WA
34424 1st Avenue South, Federal Way, WA 98003
K-50.3 mi
Illahee Middle School
36001 1st Avenue South, Federal Way, WA 98003
6-81.4 mi
Todd Beamer High School
35999 16th Avenue South, Federal Way, WA 98003
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 34005 1st Cir S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/13/2026
Listed
$959,500
79.35%
MLS
8/29/2017
Sold
$535,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 34005 1st Cir S

Year
Property Taxes
Change
Tax Assessment
Change
2026
$10,346
8%
$929,000
4%
2024
$9,599
4%
$894,000
-5%
2024
$9,215
—
$937,000
—
2022
$9,173
2%
$937,000
15%
2021
$8,956
—
$814,000
9%
2021
$8,956
10%
$747,000
9%
2020
$8,135
19%
$687,000
15%
2019
$6,857
-5%
$599,000
18%
2018
$7,182
8%
$507,000
8%
2017
$6,674
1%
$471,000
5%
2016
$6,615
14%
$447,000
12%
2015
$5,788
-13%
$400,000
-4%
2014
$6,679
—
$418,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Leo Zhuk | Better Properties N. Proctor | (253) 761-8888

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34005 1st Circle S, Federal Way, WA 98003 (MLS# 2593882) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 34005 1st Circle S is currently listed for $959,500 and was received on October 13, 2026. Want to learn more about 34005 1st Circle S? Do you have questions about finding other Multi-Family real estate for sale in Federal Way City Center? You can browse all Federal Way City Center real estate or contact a Coldwell Banker agent to request more information.

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