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    Federal Way, WA Residential Income Properties for Sale

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    Auburn, WA Kent, WA Des Moines, WA
    Federal Way Multifamily Opportunity
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    Federal Way Multifamily Opportunity

    28426 16th Ave S, Federal Way, WA 98003

    Multifamily property for sale in Federal Way, Washington.
    • Multifamily property for sale
    • Located in Federal Way, Washington
    • Year Built: 1978
    Updated: Apr 14
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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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    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.

    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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    First Hill High-Rise Development Site
    $8,200,000
    0.25 Acres
    First Hill High-Rise Development Site

    High-rise development site in First Hill with approved MUP.

    815 9th Avenue #3 & 6, Seattle, Seattle, WA 98104

    View details
    Vashon Vue Apartments Opportunity
    $1,725,000
    7,300 SF
    Vashon Vue Apartments Opportunity

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

    Seattle, WA 98198

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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.

    Vacant Land in Federal Way
    $165,000
    0.76 Acres
    Vacant Land in Federal Way

    33,000 square feet of land near shopping and freeway.

    36922 6th Avenue Southwest, Federal Way, WA 98023

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    Downtown Tacoma Development Opportunity
    $450,000
    0.14 Acres
    Downtown Tacoma Development Opportunity

    Prime ~6,000 sq ft lot in downtown Tacoma.

    1334 Fawcett Avenue, Tacoma, WA 98402

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    Development Land Near SR-167 Extension
    Contact for pricing
    788,000 SF
    Development Land Near SR-167 Extension

    18.09 acres of development land in Edgewood, Washington.

    5108 Chrisella Rd E, Edgewood, WA 98372

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    Tacoma Land Parcel For Sale
    Contact for pricing
    94,000 SF
    Tacoma Land Parcel For Sale

    Permit-ready land parcel in Tacoma, near I-5 and amenities.

    4014 Pacific Ave, Tacoma, WA 98418

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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 Residential Income Properties Investment Opportunities Market Analysis

    Explore 3 residential income properties for sale in Federal Way, WA 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 residential income 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

    Apartment buildings 2
    Multifamily properties 2

    Property Size Breakdown

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

    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 median 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 sq ft
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

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