Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington—a vibrant city nestled in the heart of King County, where urban convenience meets the tranquility of nature. Known for its family-friendly atmosphere and diverse community, Federal Way offers an array of amenities that cater to all lifestyles. With lush parks, top-rated schools, and a variety of shopping and dining options, this neighborhood is perfect for families, professionals, and retirees alike.

One of the standout features of Federal Way is its impressive selection of homes, particularly those with 56 to 10+ units. Whether you’re looking for a spacious townhouse, a modern apartment complex, or a charming multi-family residence, Federal Way has something to suit your needs. These homes not only provide ample living space but also foster a sense of community among residents. Imagine enjoying a summer barbecue with neighbors or taking a leisurely stroll through the beautifully landscaped grounds.

Nature enthusiasts will love the proximity to stunning parks and outdoor recreational activities. The city boasts over 800 acres of parks, including the breathtaking Dash Point State Park, where you can explore hiking trails, beach access, and picturesque views of Puget Sound. For those who appreciate urban living, Federal Way's thriving downtown area features a variety of shops, restaurants, and entertainment options, ensuring that you’ll never run out of things to do.

With its ideal location, welcoming community, and diverse housing options, Federal Way is a wonderful place to call home. Explore the possibilities of life in this charming city, where comfort and convenience come together seamlessly.

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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