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    Federal Way, WA
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    Federal Way, WA Apartment Buildings for Sale

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    Auburn, WA Kent, WA Des Moines, WA Seattle, WA Seatac, WA Pacific, WA Milton, WA Edgewood, WA
    Six-Unit Condo-Style Apartment Building
    Updated: Apr 13
    Six-Unit Condo-Style Apartment Building

    28426 16th Ave S, Federal Way, WA 98003

    Contact for pricing
    7,023 sqft
    Soundview II Apartments is a six‑unit, condo‑style multifamily property built in 1978.
    All units include in‑unit washers and dryers for added tenant convenience.
    Each unit features a fireplace and a private west‑facing balcony with partial Puget Sound views.
    Targeted value‑add program includes updating countertops, cabinetry, and fixtures.
    Public remarks state the property has no deferred maintenance.
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    Federal Way Multifamily Opportunity
    Updated: Apr 14
    Federal Way Multifamily Opportunity

    28426 16th Ave S, Federal Way, WA 98003

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    Multifamily property for sale
    Located in Federal Way, Washington
    Year Built: 1978
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Federal Way, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vashon Vue Apartments Opportunity
    Vashon Vue Apartments Opportunity

    Seattle, WA 98198

    $1,725,000
    7,300 sqft

    11-unit apartment building with in-place 6.5% cap rate.

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    6-Unit Multifamily Property
    6-Unit Multifamily Property

    1613 Maple Lane #D1-D6, Kent, WA 98030

    Contact for pricing
    5,580 sqft

    Well-maintained 6-unit multifamily property with in-unit washer and dryer and dedicated utility space in each unit.

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    Burien Development Site For Sale
    Burien Development Site For Sale

    Seattle, WA 98166

    $2,999,550

    2.67-acre site zoned MU-2, ideal for various developments.

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    Entitled Residential Development Site
    Entitled Residential Development Site

    307 N Lincoln Ave, Kent, WA 98032

    Contact for pricing

    Entitled site for a 45-unit residential development with 15 townhouses and 30 traditional apartments.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

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    Commercial Land with Freeway Exposure
    Commercial Land with Freeway Exposure

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

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    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

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    Off-Market Properties in Federal Way, WA

    Consider similar Off-Market properties in Federal Way, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1405 308Th St
    Multifamily properties

    1405 308Th St, Federal Way, WA 98003

    Value Estimation by Request
    0.53 AC lot
    View details

    Federal Way, WA Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Federal Way, WA on our real estate platform. These investment opportunities span a total of 7,023 square feet of properties for sale.

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    Demographics Overview

    Population 138K
    Population Growth (5Y) +4.6%
    Median Household Income $91,533
    College Educated 23.6%

    High-Yield Neighborhoods for Investment

    Identify Federal Way submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98003 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $9.26 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Federal Way fall within the 100,000+ square foot range.

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