Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington – a vibrant city nestled in the heart of King County, just a stone’s throw away from the scenic shores of Puget Sound. With its perfect blend of urban conveniences and natural beauty, Federal Way offers a unique lifestyle for residents and visitors alike. From lush parks to bustling shopping centers, this dynamic city is a hidden gem in the Pacific Northwest.

One of the most attractive features of Federal Way is its diverse housing market, particularly for those seeking homes with 56 or more units. These multi-family properties provide an excellent opportunity for investors and families looking for spacious living arrangements. With a variety of architectural styles and layouts, these homes cater to a wide range of preferences, whether you’re seeking a modern design or a more traditional aesthetic.

Living in Federal Way means enjoying easy access to a plethora of amenities. The city is home to the popular Wild Waves Theme & Water Park, where families can enjoy thrilling rides and refreshing pools. For nature enthusiasts, the stunning Dash Point State Park offers miles of trails and breathtaking views of the coastline, perfect for hiking, picnicking, or simply soaking in the beauty of the Pacific Northwest.

Additionally, Federal Way boasts a strong sense of community, with various local events and festivals that bring residents together throughout the year. With its prime location, excellent schools, and a wealth of recreational opportunities, Federal Way is not just a place to live; it’s a place to thrive. Discover your next home in this charming city today!

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..

$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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