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    Federal Way, WA
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    Federal Way, WA Multifamily Properties for Sale

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    16 properties
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    16-Unit Garden-Style Apartments
    Updated: Jul 5
    16-Unit Garden-Style Apartments

    30853 14TH, Federal Way, WA 98003

    $2,725,000
    9,420 sqft 0.71 AC lot
    16‑unit multifamily property with 9,420 square feet
    31,050‑square‑foot lot with garden‑style layout
    One- and two‑bedroom unit mix
    New roof installed in 2022
    On‑site laundry and private parking
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    Professionally Managed Quadplex Near Panther Lake
    Updated: Jul 30
    Professionally Managed Quadplex Near Panther Lake

    34025 1st Pl S, Federal Way, WA 98003

    $799,000
    2,800 sqft
    Fully occupied quadplex with one‑bedroom/one‑bath units
    Complete exterior paint completed in summer of 2024
    All units have washer/dryer, fireplaces, DW, balcony or deck
    4 covered carport may tandem park and 3 uncovered guest spots
    Abuts Panther Lake and walking trails
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    Apartment Community With Remodeled Units
    Apartment Community With Remodeled Units

    30323 15th Ct S, Federal Way, WA 98003

    $4,950,000
    18,180 sqft

    Two-bedroom townhomes feature fireplaces, vaulted ceilings, private patios, and in-unit laundry.

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    See hot listings in Federal Way

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Four-Unit Quadplex with Fireplaces
    Four-Unit Quadplex with Fireplaces

    34005 1 St Cir S, Federal Way, WA 98003

    $990,000
    3,904 sqft

    Each residence offers two bedrooms, one-and-a-half baths, laundry equipment, and a covered parking space.

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    Renovated Fourplex with Covered Parking
    Renovated Fourplex with Covered Parking

    34246 1st Pl S, Federal Way, WA 98003

    $895,000
    3,000 sqft

    Four occupied one-bedroom homes each include a fireplace, in-unit laundry, and a private balcony or deck.

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    4-Unit Quadplex with Covered Parking
    4-Unit Quadplex with Covered Parking

    34246 1ST, Federal Way, WA 98003

    $895,000
    3,000 sqft

    Four occupied one-bedroom residences offer fireplaces, in-unit laundry, and private outdoor space.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Fully Occupied Four-Unit Quadplex
    Fully Occupied Four-Unit Quadplex

    34019 1st Circle S, Federal Way, WA 98003

    $799,000
    2,712 sqft

    Professionally managed multifamily property with a varied unit mix, private outdoor areas, and covered parking.

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    Fourplex with Private Balconies
    Fourplex with Private Balconies

    34214 1st Place S, Federal Way, WA 98003

    $899,950
    3,056 sqft

    Four independently served units each offer 2 bedrooms, 1 bathroom, and in-unit washer and dryer.

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    Managed 4-Unit Quadplex
    Managed 4-Unit Quadplex

    120 S 339th Cir, Federal Way, WA 98003

    $1,200,000
    3,600 sqft

    On-site property management is in place for all units.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    27 S 342nd Pl, Federal Way, WA 98003

    $1,200,000
    3,600 sqft

    Income-producing residential property with on-site management and access to bus, light rail, shopping, dining, and major roadways.

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    4-Unit Quadplex Property
    4-Unit Quadplex Property

    120 339TH, Federal Way, WA 98003

    $1,200,000
    3,600 sqft

    On-site management covers all four units, supporting streamlined day-to-day operations.

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    Four-Unit Quadplex with On-Site Management
    Four-Unit Quadplex with On-Site Management

    27 342ND, Federal Way, WA 98003

    $1,200,000
    3,600 sqft

    1979 multifamily property near transit, retail, dining, and major regional routes.

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    Professionally Managed Lakefront Quadplex
    Professionally Managed Lakefront Quadplex

    34025 1ST, Federal Way, WA 98003

    $799,000

    Professionally managed quadplex abutting Panther Lake, with fully occupied one-bed units and in-unit washer/dryer.

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    Two-Bedroom Apartment Community
    Two-Bedroom Apartment Community

    2220 SW 337th Pl, Federal Way, WA 98023

    $8,750,000

    Well-maintained apartment community offering two-bedroom homes with in-unit washers and dryers and on-site parking.

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    Townhouse-Style Duplex
    Townhouse-Style Duplex

    33020 22nd Pl S, Federal Way, WA 98003

    $779,000

    Two-story units offer private outdoor space, in-unit laundry, and a recently renovated residence.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    34007 1ST, Federal Way, WA 98003

    $1,250,000

    Professionally managed apartments offer two-bedroom layouts, in-unit laundry, fireplaces, and covered parking.

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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 16 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

    Opportunities in Nearby Cities

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

    5-Unit Apartment Building
    5-Unit Apartment Building

    306 2nd St NE, Auburn, WA 98002

    $989,000
    3,800 sqft

    Fully occupied property with updated units, new roof and siding, off-street parking, and coin-operated laundry.

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    Zero-Lot-Line Duplex
    Zero-Lot-Line Duplex

    1608 1610 E 34th Street B, Tacoma, WA 98404

    $679,999
    2,552 sqft

    Each residence includes three bedrooms and two-and-a-half baths.

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    Two-Unit Brick Duplex
    Two-Unit Brick Duplex

    3218-3220 North 21st Street, Tacoma, WA 98406

    $599,950
    1,770 sqft

    Each residence has a private patio, fenced backyard, and its own detached garage.

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    Renovated Apartment Building
    Renovated Apartment Building

    733 10th St NE, Auburn, WA 98002

    $3,400,000

    Multifamily property with upgraded interiors, newer roofs, and double-pane vinyl windows.

    View details

    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

    Estimated value: by Request
    0.53 AC lot
    View details

    Federal Way, WA Multifamily Properties Market Trends and Statistics

    Explore 17 multifamily properties for sale in Federal Way, WA, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 60,472 square feet of properties for sale, with an estimated market value of $29,330,950.

    Sale prices for multifamily properties in Federal Way, WA start at $779,000, averaging $1,833,184, and reaching up to $8,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 11
    Apartment buildings 4
    Duplexes 1

    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 $1.5M
    98023 $8.8M

    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.

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Federal Way, WA

    • 98003
    • 98023
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