Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington – a vibrant community nestled in the heart of King County, just a stone's throw away from the stunning Puget Sound. Known for its lush greenery and picturesque landscapes, Federal Way offers an ideal blend of suburban tranquility and urban convenience. With its proximity to major highways, residents enjoy easy access to nearby cities like Seattle and Tacoma, making it a prime location for both work and play.

The neighborhood is rich in amenities, featuring a variety of shopping centers, dining options, and recreational activities. From the serene beauty of Dash Point State Park to the family-friendly attractions at Wild Waves Theme & Water Park, there's something for everyone. Federal Way is also home to several top-rated schools, making it an excellent choice for families looking to settle down in a nurturing environment.

When it comes to housing, Federal Way boasts a diverse selection of homes, including multi-family residences with 56 to 10+ units. These properties present an incredible opportunity for investors and those seeking a vibrant community atmosphere. Whether you’re looking for a spacious multi-unit building or a charming complex that fosters a sense of belonging, the options here are plentiful.

With its welcoming spirit, beautiful surroundings, and a wealth of amenities, Federal Way is not just a place to live; it’s a place to thrive. Come discover the charm of this remarkable neighborhood and find your perfect home among the diverse offerings of Federal Way!

Newest Federal Way Homes with 56 - 10+ Units Style

$2,725,000

2566450 MLS ⋅ ACTIVE Status

The Lake Apartments is a well-maintained 16-unit garden-style multifamily community at 30853 14th Ave S in Federal Way, offered at an attractive $170,313 per unit. The property delivers a 6.06% in-place CAP rate with clear upside to a 7.41% proforma CAP through raising current below-market rents. Built in 1958 with a new roof installed in 2022, the asset sits on a large 31,050 sq. ft. park-like lot and features on-site laundry, ample private parking, and a balanced mix of one- and two-bedroom units. Located just off Pacific Highway and within approximately one mile of the Federal Way Downtown Link Light Rail Station, the property is also close to Steel Lake and Easter Lake, offering convenient access to recreational amenities. It benefits from strong transit access, high submarket occupancy (96.5%), limited new supply of apartments, and proximity to major employment centers including Sea-Tac Airport and the rapidly growing Kent Valley aerospace and logistics corridor.

30853 14th Avenue S, Federal Way

Listing courtesy of Westlake Associates, Inc..

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