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$1,395,000
2560505 MLS ⋅ Park Place Townhomes BLDG.
ATTENTION BUILDERS, DEVELOPRS & INVESTORS! Don't miss this Rare opportunity to acquire a fully approved and PERMIT-READY 9-townhome development site in the highly desirable Panther Lake community of Kent. Zoned NR-4A, this shovel-ready project includes all City of Kent approved and stamped plans, including site development, civil, architectural, structural, utility, and engineering documents. Construction drawings are complete, allowing a developer to begin site preparation and construction immediately. The project features nine modern three-story townhomes, each offering 2,000+sq.ft of thoughtfully designed with spacious layouts including, 3 bed, 2.5 bath, kitchen with dinning & pantry, office space, laundry, refined living space, storage, patio, deck, car garage & much more. The existing home has already been demolished and removed, saving additional time and costs. Conveniently located with easy access to major freeways, schools, shopping, restaurants, public transportation, parks, and other amenities. ALL THE CONSTRUCTION PERMITS ARE READY TO GO. Exceptional investment opportunity with strong profit potential!

20254 108 Ave SE, Kent
$399,500
3 Beds ⋅ 2 Baths ⋅ 2555653 MLS ⋅ Meadows of Panther Lake the Div #1 BLDG.
Welcome to this 3-bedroom, 2-bath home needs updating, priced to sale, residence offering comfortable living with several important updates already completed. The roof was replaced in 2017, the electrical panel updated in 2018, and the home features a newer water heater and durable flooring throughout much of the home. The spacious living areas, natural light, and fenced backyard provide a great foundation for everyday living or future improvements. The bathrooms have been partially updated, offering an opportunity for the next owner to add their own finishing touches. Huge backyard for entertaining. Conveniently located near schools, shopping, parks, and commuter routes. Manufactured home title has been eliminated and is affixed as real property. Home is being sold As-Is.

1815 SW 349th Place, Federal Way
$849,500
2 Beds ⋅ 1 Baths ⋅ 2540967 MLS
Welcome to lake life on beautiful Panther Lake! Perfectly positioned on one of the most desirable stretches of the lake, this charming waterfront retreat sits on .7 acres with 119 feet of pristine lake frontage. Designed for making memories, the open-concept layout creates effortless indoor/outdoor living with an expansive deck overlooking the water—perfect for summer BBQs, entertaining, and relaxing after a day well spent on the lake. Pride of ownership shines throughout with thoughtful care and attention in every corner. The spacious, cleared upper portion of the property offers endless possibilities for future expansion, additional RV parking, or creating your dream outdoor space. Spend your summers swimming off the shore, celebrating opening day fishing derbies, gathering around evening campfires, and enjoying the kind of lake memories that last a lifetime. The perfect PNW retreat—escape the city, slow down, and enjoy peaceful lake living while still being just 15 miles from the Bremerton Ferry Terminal with easy access to Seattle, local restaurants, shopping, and everyday conveniences. This isn’t just a lake house—it’s where summers are spent, traditions are created, and generations of memories are made.

4694 Panther Lake Road W, Bremerton
$799,000
2535696 MLS
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
$653,000
4 Beds ⋅ 2 Baths ⋅ 2532471 MLS
Well-maintained home on a generous lot in the desirable Benson Hill area. New painting, new gas furnace, new vinyl floor in kitchen, living room, family room and two bathroom. The main floor features an open-concept kitchen and living space filled with excellent natural light. Two comfortable bedrooms and a full bathroom are located on the main level. The lower level offers a spacious family room, two additional bedrooms, a 3/4 bathroom, and a dedicated laundry room, with direct access to a large, elevated deck—ideal for indoor-outdoor living. The backyard provides ample space to relax, play, or customize to your needs. Conveniently located near nearby amenities with easy access to major routes.

19431 107TH Avenue SE, Renton
$799,000
2501184 MLS
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
$899,950
2500500 MLS ⋅ CAMPUS VIEW DIV 2 BLDG.
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
$989,000
2491971 MLS
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
$110,000
3 Beds ⋅ 2 Baths ⋅ 2474924 MLS
Move-in ready home in Pantera Lago Estates, a desirable 55+ community. Step into a bright and spacious living area with an adjacent dining space, highlighted by soaring vaulted ceilings and abundant natural light throughout. The expansive kitchen offers generous storage and ample counter space, perfect for everyday living and entertaining, also filled with natural light. Enjoy a premier lifestyle in this spacious triple-wide, complete with a large carport and a secure storage shed. Located just steps from the community clubhouse, residents enjoy access to a swimming pool, hot tub, picnic area, and a meeting room with a full kitchen. Ideally situated near shopping, dining, major freeways, Kent Station, and the Sounder train. Ownership transfer subject to park management approval. Don’t miss the opportunity to make this your new home.

11436 SE 208th Street Unit #45, Kent
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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.