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    Federal Way, WA Multifamily Properties for Sale

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    Auburn, WA Kent, WA Des Moines, WA
    Two-Bedroom Apartment Community
    $9,350,000
    Two-Bedroom Apartment Community

    2220 SW 337th Pl, Federal Way, WA 98023

    Well-maintained apartment community offering two-bedroom homes with in-unit washers and dryers and on-site parking.
    • Cedar Gardens apartment community at 2220 SW 337th Place in Federal Way, WA
    • Originally constructed in the 1980s multifamily community
    • Primarily 2‑bedroom apartment homes, appealing to families, roommates, and workforce tenants
    • Units include in‑unit washers and dryers
    • On‑site parking for residents
    Updated: Jun 10
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    Federal Way Multifamily Investment
    $1,345,000
    6,000 SF
    Federal Way Multifamily Investment

    34007 1st Cir S, Federal Way, WA 98003

    Six-unit multifamily property in Federal Way, Washington.
    • Multifamily property with 6 units
    • Price per unit: $224,167
    • Year Built: 1979
    Updated: Oct 28, 2025
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    Federal Way Multifamily Opportunity
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    Federal Way Multifamily Opportunity

    Multifamily property for sale in Federal Way, Washington.

    28426 16th Ave S, Federal Way, WA 98003

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 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.

    Fife Village Apartments For Sale
    $2,100,000
    Fife Village Apartments For Sale

    16-unit multifamily community in Fife, Washington.

    2102 62nd Ave E, Fife, WA 98424

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    Kent Multifamily Investment Opportunity
    $1,900,000
    14,700 SF
    Kent Multifamily Investment Opportunity

    Two well-maintained 4-plexes in Kent, Washington for sale.

    4807 S 252nd Pl, Kent, WA 98032

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    Renovated 42-Unit Apartment Complex
    $7,950,000
    Renovated 42-Unit Apartment Complex

    Newly renovated 42-unit apartment complex in Fife, Washington.

    5610 23rd Street E, Fife, WA 98424

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    Development Opportunity Near Light Rail
    $6,500,000
    Development Opportunity Near Light Rail

    Land suitable for mixed-use development near Kent Des Moines station.

    24202 PACIFIC HIGHWAY S, Kent, WA 98032

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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.

    Recreational Land Near Mount Rainier
    $80,000
    Recreational Land Near Mount Rainier

    Recreational land with RV hookups near Mount Rainier National Park.

    55912 317th Avenue E, Ashford, WA 98304

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    Centralia Commercial Land with Income
    $500,000
    6.50 Acres
    Centralia Commercial Land with Income

    6.5+ acre commercial land with income and development potential.

    1535 S Gold Street, Centralia, WA 98531

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    Sequim Land with Panoramic Views
    $1,399,000
    9.90 Acres
    Sequim Land with Panoramic Views

    9.9 acres with saltwater, mountain, and city views.

    463 Miller Road, Sequim, WA 98382

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    Land Ready for Development
    $39,000
    0.30 Acres
    Land Ready for Development

    13,000 sq ft lot near state land in Raymond, WA.

    1420 Raymond-South Bend Rd, Raymond, WA 98577

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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
    Lot: 0.53 Acres
    Value Estimation by Request

    1405 308Th St, Federal Way, WA 98003

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    Federal Way, WA Multifamily Properties Investment Opportunities Market Analysis

    Explore 4 multifamily properties for sale in Federal Way, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,000 square feet of properties for sale, with an estimated market value of $1,345,000.

    Sale prices for multifamily properties in Federal Way, WA start at $1,345,000, averaging $1,345,000, and reaching up to $1,345,000 — 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

    Apartment buildings 2

    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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    Most Searched ZIP Codes in Federal Way, WA

    • 98003
    • 98023

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