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    Federal Way, WA
    Residential Income

    Federal Way, WA Residential Income Properties for Sale

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    Fourplex with Private Balconies
    Updated: Apr 2
    Fourplex with Private Balconies

    34214 1st Place S, Federal Way, WA 98003

    $899,950
    3,056 sqft
    Well‑maintained fourplex with four independently served units (each unit has 2 bedrooms, 1 bathroom, and in‑unit washer/dryer).
    Total building area of 3,056 SF across two stories; year built 1977 with poured concrete foundation.
    Each unit includes a private balcony or patio and a fireplace; functional floor plans with laminate, vinyl/vinyl plank, and carpet flooring.
    Dedicated covered parking for each unit plus 4 additional uncovered spaces and guest parking (8 total parking spaces; 4 covered).
    Two units have been recently renovated with updated interiors and potential for increased rental income.
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    Well-Maintained Fourplex with Tile Roof
    Updated: Mar 13
    Well-Maintained Fourplex with Tile Roof

    34120 1st Place S, Federal Way, WA 98003

    $989,000
    3,600 sqft
    Four‑plex with four 2‑bedroom, 1‑bath units, each approx. 1,000 SF; total building area 3,600 SF
    New tile roof installed in 2022; poured concrete foundation and well‑maintained exterior
    Lot is 0.2279 acres in a cul‑de‑sac/dead end setting
    6 total parking spaces with 4 covered spaces and 2 uncovered spaces
    Public water service and cable TV available; deck and patio on site
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    Six-Unit Condo-Style Apartment Building
    Six-Unit Condo-Style Apartment Building

    28426 16th Ave S, Federal Way, WA 98003

    $1,700,000
    7,023 sqft

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

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    Two-Bedroom Apartment Community
    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.

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    Federal Way Multifamily Opportunity
    Federal Way Multifamily Opportunity

    28426 16th Ave S, Federal Way, WA 98003

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    Multifamily property for sale in Federal Way, Washington.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 5 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
    Kent Multifamily Investment Opportunity

    4807 S 252nd Pl, Kent, WA 98032

    $1,800,000
    14,700 sqft

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

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    Townhome-Style Triplex in Meadow Brooke Estates
    Townhome-Style Triplex in Meadow Brooke Estates

    1019 18th St NE, Auburn, WA 98002

    $935,000
    3,560 sqft

    Well-maintained triplex with strong tenancy in a desirable location.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    2716 S 258th Place, Kent, WA 98032

    $899,000
    3,416 sqft

    Four-unit multifamily with a newer roof and coin-operated laundry, professionally managed and currently without vacancy.

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    4-Plex with Private Outdoor Areas
    4-Plex with Private Outdoor Areas

    2826 D Place SE, Auburn, WA 98002

    $999,998
    3,560 sqft

    Four occupied 2-bedroom units include in-unit washer/dryer and private decks or patios, with covered carport parking.

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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.

    Development Land Near SR-167 Extension
    Development Land Near SR-167 Extension

    5108 Chrisella Rd E, Edgewood, WA 98372

    Contact for pricing
    788,000 sqft 18.09 AC lot

    18.09 acres of development land in Edgewood, Washington.

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    Tacoma Land Parcel For Sale
    Tacoma Land Parcel For Sale

    4014 Pacific Ave, Tacoma, WA 98418

    Contact for pricing
    94,000 sqft 0.22 AC lot

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

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    Tacoma Industrial Development Opportunity
    Tacoma Industrial Development Opportunity

    3525 South Cedar Street, Tacoma, WA 98409

    $225,000

    Versatile lot in Tacoma's industrial corridor with development potential.

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    Puyallup Vacant Land For Sale
    Puyallup Vacant Land For Sale

    0 59th Ave E, Puyallup, WA 98371

    $350,000
    3.20 AC lot

    3.2 acres of residential land suitable for two homes.

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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

    1405 308Th St, Federal Way, WA 98003

    Value Estimation by Request
    0.53 AC lot
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    Federal Way, WA Residential Income Properties Market Trends and Statistics

    Explore 6 residential income properties for sale in Federal Way, WA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 13,679 square feet of properties for sale, with an estimated market value of $3,588,950.

    Sale prices for residential income properties in Federal Way, WA start at $899,950, averaging $1,196,316, and reaching up to $1,700,000 — 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

    Multifamily properties 5
    Apartment buildings 2
    Quadplexes 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
    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.

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    Most Searched ZIP Codes in Federal Way, WA

    • 98003
    • 98023

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