Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington – a vibrant community nestled in the heart of King County, where suburban charm meets urban convenience. With its picturesque landscapes, diverse amenities, and a strong sense of community, Federal Way is an ideal place for families, young professionals, and retirees alike.

One of the standout features of Federal Way is its remarkable variety of housing options, particularly homes with 56 to 10+ units. These multi-family residences provide an excellent opportunity for investors and those seeking to embrace a communal lifestyle. Imagine living in a spacious, well-designed unit that offers both comfort and accessibility, all while being part of a thriving neighborhood.

Residents of Federal Way enjoy easy access to a plethora of parks, recreational facilities, and outdoor activities. The stunning Dash Point State Park, with its scenic beaches and hiking trails, is just a stone's throw away, making it perfect for weekend adventures. Additionally, the city boasts a rich cultural scene, with various dining options, shopping centers, and entertainment venues to explore.

Education is a priority in Federal Way, with highly-rated schools that cater to students of all ages. The community is also well-connected, with convenient access to public transportation and major highways, making commuting to nearby cities like Seattle and Tacoma a breeze.

In Federal Way, you’ll find not just a place to live, but a community that welcomes you with open arms. Whether you're seeking a cozy home or a lucrative investment opportunity, this charming city has something for everyone. Come and discover the endless possibilities that await you in Federal Way!

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 6.20% 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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