Presented by: Skyline Properties, Inc. and NWMLS
Property Description
Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath Loft style townhome units and two bedroom /one bath lower units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,.Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2
General
AmenitiesPlayground, Thermal Windows
Assoc Fee Paid PerMonthly
Building Area Units0 sqft
Cap Rate6.23
Carport Spaces4
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsI5 exit 142B, Continue westbound on S 348th St, Right on 1st Ave S, Left on 1st Pl. S. Drive approximately 800 feet or 3.8 to property on left side on corner of 1st Pl S and 1st Cir S.
Electric Expense0
Elementary SchoolPanther Lake Elem
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces0
HOAYes
HOA Fee$677
HeatingRadiant
High SchoolTodd Beamer High
High School DistrictFederal Way
Insurance Expense2484
Leasable Area2,712 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet10,524 sqft
Lot Size UnitsSquare Feet
MLS Area110 - Dash Point/Federal Way
Middle/Junior High SchoolIllahee Jnr High
NWM_ShowMapLinkY
Net Operating Income4240
New ConstructionNo
Number Of Units Total4
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksComplete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath Loft style townhome units and two bed
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NamePanther Lake
Tax Annual Amount$8,236
Tax Year2025
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water CompanyLake Haven
Water Sewer Garbage0
Year Built1979
Zoning DescriptionMulti-Family
Exterior
Building Area Total2,712 sqft
Covered Spaces4
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.2416
Parking Uncovered Total4
Site FeaturesAthletic Court, Deck, Patio
Total Parking8
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Illahee Jnr High
High School
Todd Beamer High
Elementary School
Panther Lake Elem
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914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221