Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington—a vibrant and welcoming community nestled in the heart of King County. This charming city offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place to call home. With its picturesque parks, thriving shopping districts, and a strong sense of community, Federal Way is a hidden gem in the Pacific Northwest.

The neighborhood is known for its diverse housing options, including homes with 56 to 10+ units that cater to a variety of lifestyles. Whether you’re seeking a cozy apartment or a spacious multi-family dwelling, Federal Way provides an array of choices that suit both families and individuals alike. These homes are often designed with modern amenities and thoughtful layouts, ensuring comfort and style for all residents.

Nature lovers will appreciate the abundance of outdoor activities available in Federal Way. The city is home to stunning parks such as Dash Point State Park and the beautiful Weyerhaeuser King County Aquatic Center, which offer recreational opportunities ranging from hiking and biking to swimming and picnicking. The local community is also enriched by various cultural events, farmers' markets, and festivals that foster a strong neighborhood spirit.

With its excellent schools, convenient access to major highways, and proximity to Seattle and Tacoma, Federal Way is not just a place to live; it’s a place to thrive. Explore the possibilities in this dynamic neighborhood and discover why so many are proud to call Federal Way home!

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..

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.