Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington – a vibrant city nestled in the heart of King County, offering a perfect blend of suburban tranquility and urban convenience. Known for its lush parks, scenic waterfront, and a strong sense of community, Federal Way is an ideal place for families and professionals alike. With its prime location between Seattle and Tacoma, residents enjoy easy access to major employment centers, shopping, and entertainment, making it a highly desirable area for real estate investment.

One of the standout features of Federal Way is its diverse range of housing options, particularly homes with 56 to 10+ units. These multi-family properties provide an excellent opportunity for investors seeking to capitalize on the growing demand for rental housing in this thriving market. With a mix of modern amenities and spacious layouts, these homes cater to a variety of lifestyles, from young professionals to larger families.

The city is also home to numerous parks and recreational facilities, including the stunning Dash Point State Park and the beautiful Federal Way Community Center, which offer residents ample opportunities for outdoor activities and community engagement. Local schools are highly rated, and the city’s commitment to public safety and community services enhances the overall quality of life.

Whether you’re looking to invest or find your dream home, Federal Way's multi-family properties are a gateway to a vibrant community filled with opportunity. Explore the charming neighborhoods and discover the potential that awaits in this beautiful corner of Washington State!

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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