Panther Lake Homes with 54 - 4-Plex Style

Welcome to Panther Lake, a hidden gem nestled in the heart of Federal Way, Washington. This enchanting neighborhood offers a unique blend of natural beauty and community spirit, making it an ideal place for families, professionals, and anyone seeking a serene lifestyle without sacrificing convenience.

Panther Lake is known for its picturesque surroundings, characterized by lush greenery, tranquil waters, and an abundance of outdoor recreational opportunities. Residents can enjoy leisurely strolls or invigorating jogs along the scenic trails that wind around the lake, or spend sunny afternoons picnicking in one of the nearby parks. The area is also home to a variety of wildlife, providing a perfect backdrop for nature enthusiasts.

The housing market in Panther Lake features a diverse array of options, including charming homes and modern 4-plex style residences. These multi-family homes are perfect for those looking to invest or create a vibrant community atmosphere. With spacious layouts and contemporary amenities, they cater to a variety of lifestyles, whether you’re a growing family or seeking an investment opportunity. The 4-plex style homes offer a unique chance to live in a close-knit community while enjoying the benefits of shared spaces and reduced maintenance.

Conveniently located, Panther Lake provides easy access to major highways, shopping centers, and schools, ensuring that everything you need is just a short drive away. With its inviting atmosphere and strong sense of community, Panther Lake is not just a place to live; it’s a place to thrive. Discover your dream home in this delightful neighborhood today!

Newest Panther Lake Homes with 54 - 4-Plex Style

$799,000

2535696 MLS ⋅ ACTIVE Status

Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath 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. MLS 2501184 is also listed next door to make it a great assemblage portfolio.

34025 1st Place S, Federal Way

Listing courtesy of Skyline Properties, Inc..

$799,000

2501184 MLS ⋅ ACTIVE Status

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

34019 1st Circle S, Federal Way

Listing courtesy of Skyline Properties, Inc..

$899,950

2500500 MLS ⋅ ACTIVE Status

Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

34214 1st Place S, Federal Way

Listing courtesy of RSVP Brokers ERA.

$989,000

2491971 MLS ⋅ ACTIVE Status

Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering approximately 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.

34120 1st Place S, Federal Way

Listing courtesy of Real Broker LLC.

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