115 S 339th Circle Federal Way, WA $ 899,000
115 S 339th Circle
$ 899,000
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115 S 339th Circle

Federal Way, WA, 98003
$ 899,000
Baths0.0 Sq 3,056

Monthly Estimate*

$ 5,609

Listed by Skyline Properties, Inc.
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Studio

Multi-Family Home for sale in Federal Way, WA

for $899,000. This 3,056 square foot home was built in 1979 on a lot size of 0.2207.

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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Multi-Family Active

Price

$ 899,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,455

Style

4-Plex

Lot Size

0.2207

Year Built

1979

Town/City

Federal Way

County/Region

King

MLS | Web ID

2435784

Features
General
Living Area 0
Sewer Sewer Connected
Heating Radiant
Cooling None
Possession See Remarks Subject to Tenant Rights
Roof Composition
HOA Fee 678
Year Built 1979
Property Subtype Multi Family
Tax Year 2025
Building Name Panther Lake
Assoc Fee Paid Per Monthly
County King
Net Operating Income 42261
Insurance Expense 2000
New Construction N
Property Type Residential Income
HOA Y
Subdivision Name Panther Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I-5 Exit 143 toward Federal Wy. Go W on S 320th St. Go L on WA-99 S. Go R on S 336th St. Go L on 1st Wy S. Go R on S 340th St. Go R on S 339th Cir. Take 1st L to stay on S 339th Cir prop. on L.
High School Todd Beamer High
City Federal Way
Senior Community Y/N N
High School District Federal Way
Zoning Description Multi-Family
Open Parking Spaces 2
Number Of Units Total 4
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 9614
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Panther Lake Elem
Tax Annual Amount 8455
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Illahee Jnr High
Property Condition Good
Public Remarks 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 profes
Leasable Area 3056
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Playground
Water Company Lakehaven
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 4.5
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 3056
Lot Size Acres 0.2207
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Athletic Court Deck Patio
Parking Uncovered Spaces 2
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2435784
Street Number 1 115
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* Excluded Features
List By
Irwan Ngadisastra

Listing Agent

Skyline Properties, Inc.

Broker

Affordability Calculator

$6,313
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,609
Monthly Property Taxes
$705
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4036894 Elementary School
257867 Middle School
Todd Beamer High High School
Pricing History
DatePricePrice ChangeDescription
11/6/2025$899,000 -2.81% Price Down
10/20/2025$925,000 -2.53% Price Down
9/23/2025$949,000 Listed Price

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115 S 339th Circle, Federal Way, WA, 98003 is a Multi-Family Home for sale at $899,000 with 3,056 sqft and a lot size of 0.2207. 115 S 339th Circle is a studio with 0.0 baths and was built in 1979. The property's zip code is 98003 which is in Federal Way, WA