Redondo Homes with 56 - 10+ Units Style

Welcome to Redondo, a hidden gem nestled within the vibrant city of Federal Way, Washington. This charming neighborhood is not just a place to live; it's a lifestyle enriched by the beauty of nature and the warmth of community. Located along the picturesque shores of Puget Sound, Redondo offers breathtaking views and a serene atmosphere that feels like a retreat from the hustle and bustle of city life.

Redondo is known for its diverse housing options, particularly its impressive collection of homes featuring 56 to 10+ units. These properties provide an excellent opportunity for multi-family living, making it an ideal choice for investors or those seeking to create a close-knit community. The architectural styles range from modern designs to classic Pacific Northwest aesthetics, ensuring that there's something for everyone.

Residents here enjoy easy access to stunning waterfront parks, walking trails, and recreational facilities, perfect for outdoor enthusiasts and families alike. The nearby Redondo Beach is a local favorite, offering sandy shores for sunbathing, kayaking, and beachcombing. The neighborhood is also conveniently located near shopping centers, restaurants, and schools, making daily life a breeze.

With its friendly atmosphere and captivating natural beauty, Redondo is more than just a neighborhood; it's a place where memories are made and friendships flourish. Whether you're looking to invest in a multi-family property or find your dream home, Redondo is the perfect destination to call home in the heart of Federal Way. Come explore all that this enchanting community has to offer!

Newest Redondo Homes with 56 - 10+ Units Style

$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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