Federal Way, WA Residential Income Properties for Sale

List

Map

Auburn, WA Kent, WA Des Moines, WA Seattle, WA Algona, WA Pacific, WA Seatac, WA Tacoma, WA

15 properties

Sort:

Updated: Jul 27

Four-Unit Quadplex with Fireplaces

34005 1 St Cir S, Federal Way, WA 98003

$990,000

3,904 sqft

Four‑unit quadplex with 3,904 SF of total property size
Each unit contains 976 sq. ft., two bedrooms, and 1.5 bathrooms
Every residence includes a fireplace and in‑unit washer and dryer
One dedicated covered parking space per unit, plus visitor parking
Built in 1979 and professionally managed

View details

Updated: Apr 22

Fully Occupied Four-Unit Quadplex

34019 1st Circle S, Federal Way, WA 98003

$799,000

2,712 sqft

Four‑unit quadplex with 2,712 square feet, built in 1979
Fully occupied and professionally managed
Unit mix includes one‑bedroom loft townhomes and two‑bedroom lower units
All units include washer/dryer, fireplaces, dishwashers, and a balcony or deck
Four covered carport spaces with tandem parking potential plus 3 uncovered guest spots

View details

16-Unit Garden-Style Apartments

30853 14TH, Federal Way, WA 98003

$2,725,000

9,420 sqft 0.71 AC lot

Multifamily community with on-site laundry, private parking, and one- and two-bedroom floor plans.

View details

See what stands out in King County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

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.

View details

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.

View details

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.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Well-Maintained Fourplex with Tile Roof

34120 1st Place S, Federal Way, WA 98003

$899,000

3,600 sqft

Fourplex with four spacious 2-bedroom, 1-bath units and a tile roof replacement completed in 2022.

View details

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.

View details

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.

View details

Apartment Community With Remodeled Units

30323 15th Court S, Federal Way, WA 98003

$4,950,000

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

View details

Six-Unit Condo-Style Apartment Building

28426 S 16th Ave, Federal Way, WA 98003

$1,700,000

Condo-style six-unit building with private west-facing balconies and in-unit washers and dryers.

View details

Two-Bedroom Apartment Community

2220 SW 337th Pl, Federal Way, WA 98023

$9,350,000

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

View details

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.

View details

Professionally Managed Quadplex Near Panther Lake

34025 1st Pl S, Federal Way, WA 98003

$799,000

Fully occupied one-bedroom units feature in-unit laundry, fireplaces, dishwashers, and private balcony or deck access.

View details

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.

View details

Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 15 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.

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.

View details

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

Fife Village Apartments For Sale

2102 62nd Ave E, Fife, WA 98424

$2,100,000

16-unit multifamily community in Fife, Washington.

View details

Renovated 42-Unit Apartment Complex

5610 23rd Street E, Fife, WA 98424

$7,950,000

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

View details

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.

Multi-Family Development Site in Tacoma

13617 A Street South, Tacoma, WA 98445

$2,495,000

3.99 AC lot

Development site with approved plan for 98 multi-family units.

View details

Pierce County Development Opportunity

6210 Browns Point Blvd Ne, Tacoma, WA 98422

$715,000

0.70 AC lot

0.7-acre parcel with development potential and Puget Sound views.

View details

Pierce County Development Opportunity

6210 Dash Point Boulevard Northeast, Tacoma, WA 98422

$715,000

0.70 AC lot

0.7-acre parcel with development potential and Puget Sound views.

View details

Pierce County Land Opportunity

0 32nd Court East, Tacoma, WA 98446

$170,000

3.00 AC lot

Two adjacent parcels totaling approximately 3 acres near Spanaway.

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.

Multifamily properties

1405 308Th St, Federal Way, WA 98003

Value Estimation by Request

0.53 AC lot

View details

Federal Way, WA Residential Income Properties Market Trends and Statistics

Explore 16 residential income properties for sale in Federal Way, WA, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 37,092 square feet of properties for sale, with an estimated market value of $29,489,950.

Sale prices for residential income properties in Federal Way, WA start at $779,000, averaging $1,965,996, and reaching up to $9,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$1.6M
98023	$9.4M

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.

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings