Federal Way Homes with 56 - 10+ Units Style

Welcome to Federal Way, Washington – a vibrant community nestled between Seattle and Tacoma, where the beauty of nature meets urban convenience. Known for its lush parks, scenic waterfront, and family-friendly atmosphere, Federal Way is an ideal place for those seeking a balanced lifestyle. With easy access to major highways and public transportation, residents can enjoy the best of both worlds: the tranquility of suburban living and the excitement of city life just a short drive away.

The neighborhood boasts a diverse array of homes, including properties with 56 to 10+ units, perfect for investors or those looking to create a multi-family living environment. These homes often feature modern amenities and spacious layouts, catering to various lifestyles and needs. The architecture reflects a blend of contemporary designs and classic styles, ensuring a unique charm in every corner.

Federal Way is home to a plethora of parks and recreational opportunities, including the stunning Dash Point State Park and the beautiful Federal Way Commons, which provide residents with ample space for outdoor activities, picnics, and community events. Families will appreciate the highly rated schools and safe neighborhoods, making it a great place to raise children.

Moreover, the local dining and shopping scene is thriving, with a variety of restaurants, cafes, and boutiques to explore. Whether you're looking for a cozy coffee shop or a vibrant eatery, Federal Way has something for everyone. With its welcoming community, beautiful surroundings, and diverse housing options, Federal Way is truly a hidden gem in the Pacific Northwest. Come discover your new home in this charming neighborhood!

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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