Panther Lake Homes with 54 - 4-Plex Style

Welcome to Panther Lake, a hidden gem nestled in the heart of Federal Way, Washington. This charming neighborhood is renowned for its serene surroundings, vibrant community spirit, and picturesque views that make it an ideal place to call home. With a perfect blend of natural beauty and urban convenience, Panther Lake offers residents a tranquil escape from the hustle and bustle of city life while still providing easy access to the amenities that make living here so enjoyable.

One of the most appealing aspects of Panther Lake is its diverse housing options, particularly the unique 4-Plex style homes that grace the area. These thoughtfully designed residences provide an excellent opportunity for both families and investors alike. The 4-Plex homes are characterized by their spacious layouts, allowing for comfortable living while maximizing the use of space. Each unit typically features modern finishes, ample natural light, and access to shared outdoor areas, perfect for gatherings and enjoying the beautiful Pacific Northwest weather.

Living in Panther Lake means embracing a lifestyle filled with outdoor adventures. The nearby Panther Lake itself offers opportunities for fishing, kayaking, and leisurely strolls along the water's edge. The surrounding parks and green spaces invite residents to explore nature trails, picnic areas, and playgrounds, making it an ideal neighborhood for families and outdoor enthusiasts.

With its friendly community vibe, excellent schools, and convenient access to shopping, dining, and major highways, Panther Lake is not just a place to live—it's a place to thrive. Discover the charm and warmth of Panther Lake, where your dream home awaits!

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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