115 S 339th Cir

Federal Way, WA 98003

$899,000
Price
8
Beds
4
Baths
3,056 Sq. Ft.
$294 / Sq. Ft.
3,056
Sq. Ft.
$294
per Sq. Ft.
a view of house with porch and furniture
a white house that has a tree in front of it
a backyard of a house with wooden fence and trees
a view of street with parked cars
a view of outdoor space with seating area
a living room with furniture and a fireplace
a living room with furniture fireplace and a large window
a utility room with sink dryer and washer
a room with storage and utility
a bathroom with a sink toilet and shower
a view of an empty room with a window
a room with a window
a bathroom with a sink mirror and vanity
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a view of a workspace with furniture
a bedroom with a bed and a window
a bedroom with a bed and a mirror
a bedroom with bed and a window
a bathroom with a sink a toilet and a mirror
a kitchen with a sink and a stove top oven
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a bed sitting in a room next to a window
a bedroom with a bed and a dresser
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a window
a bathroom with a sink toilet and shower
a view of a workspace with furniture and a window
a bathroom with a toilet a sink and a mirror
a view of storage and utility room
front view of a house with a yard
a view of front door and potted plants
a view of front door of house
Listing provided courtesy of Skyline Properties, Inc.

Description

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...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.
  1. Listed by Irwan Ngadisastra • Skyline Properties, Inc.

Property Details for 115 South 339th Circle

Community Name
Panther Lake
School District
Federal Way
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
09-23-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/06/2025 07:28 AM

Property Details for 115 South 339th Circle

StatusActive
MLS #2435784
Days on Market109
Cumulative Days on Market109
Taxes$8,455 / year
HOA Fees$678 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.22 AC / 9,614 SF
CountyKing County

Location

Listing Courtesy of Skyline Properties, Inc.
Add your commute

Building Information for 115 South 339th Circle

Stories2Residences4Year Built1979Building Size-Lot Size0.22 AC / 9,614 SF

Payment Calculator

$5,764 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,382

Property Taxes

$705

HOA Dues

$678

The Payment Calculator is for illustrative purposes only.

Property Information for 115 South 339th Circle

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Athletic Court, Deck, Patio
  • Area: 110 - Dash Point/Federal Way
  • Elementary School: Panther Lake Elem
  • Middle Or Junior School: Illahee Jnr High
  • High School: Todd Beamer High
  • Effective Year Built Source: Public Records
  • 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.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Vinyl Plank, Carpet
  • Amenities: Playground
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Radiant
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: Puget Sound Energy
  • Sewer Company: Lakehaven
  • Water Company: Lakehaven
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2005
  • Photos Count: 35
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 1322020090
  • Building Condition: Good
  • Calculated Square Footage: 3056
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3056.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 22839
  • Gross Adjusted Income: 65100
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: $65,100
  • Insurance Expense: $2,000
  • Net Operating Income: $42,261
  • Other Expenses: $12,384
  • Total Monthly Income: 5425
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 764
  • Rent Unit 1: $1,475.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 764
  • Rent Unit 2: $1,275.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 764
  • Rent Unit 3: $1,300.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: D
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 764
  • Rent Unit 4: $1,375.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3056.0

Property History for 115 South 339th Circle

DateEvent & SourcePriceAppreciation
Nov 6, 2025

Price Change

NWMLS #2435784

$899,000—
Oct 20, 2025

Price Change

NWMLS #2435784

$925,000—
Sep 23, 2025

Listed (Active)

NWMLS #2435784

$949,000—
Nov 6, 2020

Sold

NWMLS #1667330

$705,000—
Oct 27, 2020

Sold (Public Record)

Public Record #683170365

$705,000

+10.1% / yr

Sep 30, 2020

Pending

NWMLS #1667330

—
Sep 23, 2020

Listed (Active)

NWMLS #1667330

$675,000—
Dec 13, 2017

Sold (Public Record)

Public Record #611970121

$535,000

+22.8% / yr

Sep 4, 2015

Sold

NWMLS #821849

$335,000—
Sep 2, 2015

Sold (Public Record)

Public Record #555567231

$335,000—
Jul 22, 2015

Pending

NWMLS #821849

—
Jul 20, 2015

Listed (Active)

NWMLS #821849

$335,000—
DateEvent & SourcePrice
11/06/2025

Price Change

NWMLS #2435784

$899,000
10/20/2025

Price Change

NWMLS #2435784

$925,000
09/23/2025

Listed (Active)

NWMLS #2435784

$949,000
11/06/2020

Sold

NWMLS #1667330

$705,000
10/27/2020

Sold (Public Record)

Public Record #683170365

$705,000

+10.1% / yr

09/30/2020

Pending

NWMLS #1667330

—
09/23/2020

Listed (Active)

NWMLS #1667330

$675,000
12/13/2017

Sold (Public Record)

Public Record #611970121

$535,000

+22.8% / yr

09/04/2015

Sold

NWMLS #821849

$335,000
09/02/2015

Sold (Public Record)

Public Record #555567231

$335,000
07/22/2015

Pending

NWMLS #821849

—
07/20/2015

Listed (Active)

NWMLS #821849

$335,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 115 South 339th Circle

Taxable ValueLand$200,000Additions$590,000Total$790,000
Tax Record2024$8,118 ($677 / month)
Home Facts
Total Finished SqFt3,056 SqFtAbove Ground SqFt3,056 SqFtStories2Lot Size9,614 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979Year Renovated2005ZoningRM2400CountyKINGAPN132202-0090Fireplace TypeHas Fireplace

Schools near 115 South 339th Circle

This home is within Federal Way School District.
Rating
School
Type
Grades
Distance
Panther Lake Elementary School
Public - PK to 5
Illahee Middle School
Public - 5 to 8
Todd Beamer High School
Public - 9 to 12
Support School
Public - PK to 12
Rating
School
Distance
Panther Lake Elementary School
PublicPK to 5

Illahee Middle School
Public5 to 8

Todd Beamer High School
Public9 to 12

Support School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 115 South 339th Circle, Federal Way, WA 98003

115 South 339th Circle is a multi-family home for sale in Federal Way, WA 98003. This property was listed for sale on September 23, 2025 by Skyline Properties, Inc., it's currently listed at $899,000. It has been on the market for a total of 109 days and was last sold on November 6, 2020. This listing's school district is Federal Way School District. Nearby schools include Panther Lake Elementary School, Illahee Middle School and Todd Beamer High School. 115 South 339th Circle is a 8-bed, 4-bath, 3,056 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skyline Properties, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/10/2026 10:43 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.