Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington, a vibrant city nestled in King County, where the beauty of the Pacific Northwest meets the warmth of community living. Known for its stunning parks, diverse dining options, and family-friendly atmosphere, Federal Way is an ideal place for those seeking a balanced lifestyle.

One of the standout features of this charming city is its impressive array of homes, particularly those with 56 to 10+ units. These multi-family residences offer a unique opportunity for investors and homeowners alike, providing not just living space but also a sense of community. Imagine being part of a neighborhood where neighbors become friends, and where shared amenities foster connections and camaraderie.

Federal Way boasts a rich tapestry of culture and recreation. Residents can enjoy the lush expanses of Dash Point State Park, where hiking trails and beach access invite adventure seekers and nature lovers. The city is also home to the popular Wild Waves Theme & Water Park, perfect for family outings and summertime fun. With a plethora of shopping centers, restaurants, and local markets, you’ll find everything you need just a stone’s throw away.

Education is a priority in Federal Way, with well-regarded schools and community programs that nurture young minds. Plus, the city’s convenient location offers easy access to major highways and public transportation, making commuting to Seattle and Tacoma a breeze.

In Federal Way, you’ll discover not just a place to live, but a vibrant community to thrive in. Whether you’re looking for investment opportunities or a place to call home, the multi-family properties here are waiting to welcome you. Come explore the possibilities in this delightful corner of Washington!

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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