Federal Way, WA 98003 115 S 339th Circle
$949,000
30 more
Presented By: Skyline Properties, Inc. and NWMLS
- MLS# 2435784
- 09/23/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,056
Home Details
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.
Presented By: Skyline Properties, Inc. and NWMLS
Interior Features for 115 S 339th Circle
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 115 S 339th Circle
AmenitiesPlayground
Assoc Fee Paid PerMonthly
Building Area UnitsSquare Feet
Building NamePanther Lake
Cap Rate4.5
Carport Spaces4
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsI-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.
Electric Expense
Elementary SchoolPanther Lake Elem
Fuel Expense
HOAYes
HOA Fee$354
HeatingRadiant
High SchoolTodd Beamer High
High School DistrictFederal Way
Insurance Expense2000
Leasable Area3056
Listing TermsCash Out, Conventional
Lot Size Square Feet9614
Lot Size UnitsSquare Feet
MLS Area110 – Dash Point/Federal Way
Middle/Junior High SchoolIllahee Jnr High
ModificationTimestamp2025-09-23T16:58:12.613Z
NWM_ShowMapLinkY
Net Operating Income42261
New ConstructionNo
Number Of Units Total4
Open Parking Spaces2
PossessionSee Remarks, Subject to Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksA 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
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NamePanther Lake
Tax Annual Amount8455
Tax Year2025
Units Below Gradefalse
Units In Building Total4
Water CompanyLakehaven
Water Sewer Garbage0
Year Built1979
Zoning DescriptionMulti-Family
Exterior for 115 S 339th Circle
Building Area Total3056
Covered Spaces
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.2207
Parking Uncovered Spaces2
Site FeaturesAthletic Court, Deck, Patio
Total Parking6
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
Josh QA1
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