Federal Way Homes with 56 - 10+ Units Style

Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington—a vibrant city nestled in the heart of King County, where natural beauty meets urban convenience. With its stunning parks, scenic waterfront, and a plethora of recreational activities, Federal Way is a hidden gem in the Pacific Northwest. This dynamic community is perfect for families, young professionals, and retirees alike, offering a unique blend of suburban charm and city amenities.

One of the most appealing aspects of Federal Way is its diverse real estate market. Here, you can discover an array of residential options, including homes with 56 or more units, ideal for investors seeking to expand their portfolio or for those looking to embrace a community-oriented lifestyle. These multi-family dwellings offer the perfect opportunity for those who wish to enjoy the benefits of shared living, while still enjoying the privacy and comfort of their own space.

The city's strategic location provides easy access to major highways and public transportation, making commuting to nearby Seattle or Tacoma a breeze. Residents can take advantage of the rich cultural scene, including local dining, shopping, and entertainment options, while also enjoying the tranquility of lush parks like Dash Point State Park and the picturesque waterfront along Puget Sound.

In Federal Way, you’ll find a welcoming community that values diversity and inclusivity. Whether you're looking for a place to call home or a lucrative investment opportunity, Federal Way's real estate market has something for everyone. Come explore the possibilities and discover why Federal Way is the perfect place to live, work, and thrive!

Newest Federal Way Homes with 56 - 10+ Units Style

$2,725,000
2566450 MLS ⋅ ACTIVE Status
The Lake Apartments is a well-maintained 16-unit garden-style multifamily community at 30853 14th Ave S in Federal Way, offered at an attractive $170,313 per unit. The property delivers a 6.06% in-place CAP rate with clear upside to a 7.41% proforma CAP through raising current below-market rents. Built in 1958 with a new roof installed in 2022, the asset sits on a large 31,050 sq. ft. park-like lot and features on-site laundry, ample private parking, and a balanced mix of one- and two-bedroom units. Located just off Pacific Highway and within approximately one mile of the Federal Way Downtown Link Light Rail Station, the property is also close to Steel Lake and Easter Lake, offering convenient access to recreational amenities. It benefits from strong transit access, high submarket occupancy (96.5%), limited new supply of apartments, and proximity to major employment centers including Sea-Tac Airport and the rapidly growing Kent Valley aerospace and logistics corridor.

30853 14th Avenue S, Federal Way

Listing courtesy of Westlake Associates, Inc..

$4,950,000
2564976 MLS ⋅ ACTIVE Status
We are pleased to present Redondo Ridge Townhomes, an 18-unit townhome community in Federal Way. Built in 1976, the property offers spacious 2-bedroom, 1.5-bath townhomes averaging 1,010 SF with fireplaces, vaulted ceilings, private patios, and full-size side-by-side washers and dryers. Offered at $4,950,000 ($275,000/unit, $272/SF), the asset delivers a 6.04% in-place cap rate with meaningful upside: current rents average $2,101, roughly 12% below the $2,400 achieved by comparable townhomes, and four unrenovated units offer approximately $500/month of additional income. Capital improvements include a new metal roof (2017), electrical panel upgrades (2018), fresh exterior paint (2026), and 14 of 18 units extensively remodeled with new cabinets, quartz counters, flooring, paint, doors, millwork, and appliances. Located 1.6 miles from the Federal Way Link Light Rail Station with convenient access to employment, shopping, and dining.

30323 15th Court S, Federal Way

Listing courtesy of Northmarq Multifamily, LLC.

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