Panther Lake Fourplex


Excellent investment opportunity in solid condition. Turnkey 4-plex in the Panther Lake complex with updated roof & double pane windows. Townhome style units with 2 beds/1.5 baths, kitchen, living room, washer/dryer, fireplace. Desirable greenbelt and park-like setting. Each of the 4 units has a yard, patio & second floor deck. All units are rented with room to increase rents to market value. Low historic vacancy rate. On site property mgmt in place for a 5% fee. HOA dues cover water, sewer, garbage, common area + exterior bldg maint. Covered parking per unit + add’l parking. Convenient access to new light rail coming soon. No sign, do not disturb tenants. Interior showing/insp with signed PSA. Community play area, sport court nearby.

Price: Listed $1,100,000 | Accepting Offers
Address:21 S 338th Pl
City:Federal Way
Zip Code:98003
Subdivision:Panther Lake
Year Built:1979
Square Feet:3,904
Lot Square Feet:10,348
Bedrooms:2 per unit
Bathrooms:1½ per unit
Garage:1-car Carport per unit

Location Map