34005 1st Cir S, Federal Way, WA 98003

Multifamily · Federal Way · Seattle-Bellevue metro, WA

One of 255 reachable multifamily buildings in Federal Way. Larger than 37% of multifamily buildings in Federal Way (median 3,968 SF), derived from assessor records.

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Building size
3,904 SF, King County Assessor
Lot size
10,449 SF, King County Assessor
Year built
1979, King County Assessor
Stories
2, King County Assessor
Predominant use
Panther Lake 4 Plex Model Th2f, King County Assessor
Units
4, King County Assessor
Assessed value
$929,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF
$237.96/SF, derived from assessor records
Lot coverage
37%, derived from assessor records
Vintage
1970s vintage
Zoning
RM2400, King County
County use code
4-Plex
Parking (observed)
surface lot, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $1,006,713 (estimated market value), with a likely range of $893,647 to $1,148,380 (half of recent verified sales in this segment landed inside that range). Based on 667 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $252K per unit at the midpoint (4 units).

Last sold: 2017-08-29 for $535,000 (recorded arm's-length sale).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$308K$616K$923K$1.23M201120142017202020232026$535KCounty appraised valueEstimated value (modeled range)Recorded sale

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $370,000 (2011) to $929,000 (2026), up 151% over 15 years, per county tax rolls. The 2026 roll splits $929,000 into $208,000 land and $721,000 improvements.

Taxes