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 views of Mount Rainier and proximity to the sparkling shores of Puget Sound, Federal Way offers a unique blend of outdoor adventures and city living. This thriving community is not just a place to live; it’s a place to thrive.

As you explore the housing market in Federal Way, you’ll discover an impressive array of homes, particularly those featuring 56 to 10+ unit styles. These properties are ideal for investors looking to capitalize on the growing demand for multi-family housing in this dynamic region. With a rich tapestry of neighborhoods, Federal Way provides ample opportunities for both seasoned investors and first-time buyers alike.

Residents enjoy access to top-notch amenities, including beautiful parks, shopping centers, and a variety of dining options. The city’s commitment to education is evident in its well-regarded schools and community programs, making it a desirable location for families. Additionally, Federal Way's strategic location allows for easy commutes to Seattle and Tacoma, making it an attractive choice for professionals seeking a balance between work and leisure.

Whether you’re looking to invest in a multi-family property or find a spacious home for your family, Federal Way has something to offer everyone. Embrace the charm of this remarkable city, where your next real estate opportunity awaits amidst the lush landscapes and welcoming community spirit. Discover the potential that Federal Way holds for you!

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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