115 S 339th Circle, Federal Way, WA 98003
- $830,000
- 3,056
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: Dove Realty, Inc..
- Sold Price
- $830,000
- List Price
- $875,000
- Status
- SOLD
- MLS#
- 2435784
- Closing Date
- Apr 23, 2026
- Days on Market
- 167
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,056
- Area Total SqFt
- 3056
- Annual Tax Ammount
- 8455
- Lot Size (sq ft)
- 9,614
- Sewer
- Sewer Connected
Property Description
A perfect opportunity for first-time or hands-off investors! This 100% turnkey 4-plex is located in the sought-after Panther Lake area, where the community boasts a vacancy rate under 2% and is professionally managed with community-maintained grounds.Each of the four units features 2 bedrooms / 1 bathroom, fireplace, in-unit washer and dryer. 4 carport parking plus additional visitor parking. Newer exterior paint (2024). Tenants reimburse for utilities. Professional property management is in place at just 5%, making this a true hands-free investment. Don’t miss this rare chance to own a low-maintenance, income-producing property in a thriving rental market.
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Additional Information
- List Date
- 2025-11-07 00:00:00
- Community
- Panther Lake
- Net Operating Income
- $42,261
- Gross Adjusted Income
- $65,100
- Gross Scheduled Income
- $65,100
- Total Monthly Income
- $5,425
- Insurance Expenses
- $2,000
- Gross Rent Multiplier
- 14.6
- Total Expenses
- $22,839
- Cap Rate
- 4.83
- Total Number of Units
- 4
- Unit Name
- 115
- Potential Terms
- Cash, Conventional
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Athletic Court, Deck, Patio
- Other Expenses
- 12384
- Energy Source
- Electric
- School District
- Federal Way
- Elementary School
- Panther Lake Elem
- Middle School
- Illahee Jnr High
- High School
- Todd Beamer High
- Total Monthly Income
- $5,425
- Gross Scheduled Income
- $65,100
- Gross Adjusted Income
- $65,100
- Tax Year
- 2025
- Insurance Expense
- $2,000
- Total Expenses
- $22,839
- Net Operating Income
- $42,261
- Gross Rent Multiplier
- 14.6
- Cap Rate
- 4.83
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.