Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington—a vibrant city nestled in the heart of King County, just south of Seattle. Known for its lush greenery and stunning views of the Puget Sound, Federal Way offers a unique blend of urban convenience and natural beauty. With a rich history and a diverse community, this city is a hidden gem in the Pacific Northwest.

One of the most appealing aspects of Federal Way is its housing market, particularly for those looking for homes with 56 to 10+ units. These multi-family residences provide an excellent opportunity for investors and those seeking to create a community-centric living environment. Imagine the potential of owning a property that not only serves as a home but also as a source of income and a space for fostering relationships among neighbors.

Federal Way boasts a plethora of amenities, including beautiful parks, top-rated schools, and a variety of shopping and dining options. The city's strategic location makes it easy to access the vibrant culture of Seattle while still enjoying the tranquility of suburban life. Whether you’re strolling through the serene landscapes of Dash Point State Park or enjoying a day of family fun at Wild Waves Theme Park, there’s always something to do.

With a strong sense of community and a commitment to growth, Federal Way is not just a place to live—it's a place to thrive. Explore the possibilities of multi-family homes in this delightful city, where every unit can contribute to a vibrant, interconnected lifestyle. Come and discover the charm of Federal Way, where your real estate dreams can become a reality!

Newest Federal Way 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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