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 lush green parks meet urban convenience, and community spirit thrives. Located just south of Seattle and north of Tacoma, Federal Way offers a perfect blend of suburban tranquility and metropolitan flair. With its rich history, diverse population, and a variety of amenities, this charming city is an ideal place to call home.

Federal Way is known for its stunning natural landscapes, including the beautiful Dash Point State Park and the picturesque waterfront along Puget Sound. Residents enjoy an abundance of recreational opportunities, from hiking and biking trails to serene picnic spots. The city also boasts a thriving shopping scene, with the Commons at Federal Way providing an array of retail stores, restaurants, and entertainment options.

For those seeking multi-family living options, Federal Way features an impressive selection of homes with 56 to 10+ units, perfect for investors or anyone looking to embrace a community-oriented lifestyle. These properties offer spacious living arrangements, modern amenities, and convenient access to public transportation, making it easy to commute to nearby Seattle or Tacoma.

Whether you're a first-time homebuyer, a growing family, or an investor looking for lucrative opportunities, Federal Way has something for everyone. With its friendly neighborhoods, excellent schools, and a strong sense of community, it’s no wonder that Federal Way is one of the most sought-after locations in Washington. Discover your perfect home in this enchanting city today!

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..

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