Six-Unit Condo-Style Apartment
For Sale
$1,700,000
28426 S 16th Ave, Federal Way, WA 98003
Condo-style six-unit building with private west-facing balconies and in-unit washers and dryers.
Property SizeContact for details
Days on Market127
Property Features for 28426 S 16th Ave
General Information
Standard status
Active
Total Parking Spaces
12
Property subtype
Multi-Family
Net Operating Income
$82,106
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$16,521
Amenities
Yes
No
3
Electric
Public
12
6
0.3383
Wood Products
Building Details
Year Built
1978
Stories
3
Listing Agency:
Westland Realty
(541) 570-5825
Listed By:
Kevin Davis · License #125100
(541) 570-5825
Source:
Premierepropertygroup
Added: Apr 20
Changed: Aug 23
Last Checked: Aug 24 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Westland Realty
Investment Insights
Based on property information with market context.
Soundview II Apartments is a six-unit, condo-style multifamily property at 28426 16th Ave S in Federal Way. Each unit includes a fireplace, a private west-facing balcony, and in-unit washers and dryers. The balconies are described as offering partial Puget Sound views, and the property is represented as having no deferred maintenance, with a need for finishing touches such as new countertops, cabinetry, and fixtures.
The property is positioned in the Redondo neighborhood with direct access to Redondo Beach Park and Dash Point State Park, and it also provides access to I-5. The December 2025 opening of the Federal Way Link Extension is described as placing residents within minutes of Downtown Seattle and Seattle-Tacoma International Airport via light rail.
The property is positioned in the Redondo neighborhood with direct access to Redondo Beach Park and Dash Point State Park, and it also provides access to I-5. The December 2025 opening of the Federal Way Link Extension is described as placing residents within minutes of Downtown Seattle and Seattle-Tacoma International Airport via light rail.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 98003, WA
51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Condo-style six-unit building with private west-facing balconies and in-unit washers and dryers.
Where is this apartment building located?
The property is located at 28426 S 16th Ave Federal Way, WA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 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.
