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Listed by:Real Broker LLC • Coleton Alexander Pantley
$ 1,700,000
Est. payment /mo
New
28426 S 16th Ave Federal Way, WA 98003
12 Beds
12 Baths
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Redondo
MLS Listing ID 2510472
Style 55 - 5-9 Units
Bedrooms 12
Year Built 1978
Annual Tax Amount $16,521
Lot Size 0.338 Acres
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire Soundview II, a turn-key, six-unit multifamily asset in Federal Way's coveted Redondo neighborhood. This condo-style complex features expansive 1,170 SF 2-bed/1.5-bath floor plans designed for high-retention ccupancy. Units boast premium amenities including private west-facing balconies with partial Puget Sound views, fireplaces, in-unit full-size W/D, LVP flooring, and stainless appliances. With the December 2025 Link Extension opening, residents enjoy rapid light rail access to SEATAC and Downtown Seattle while maintaining a significant affordability advantage. Historically self-managed with little deferred maintenance, the property offers a clear value-add runway; implement targeted cosmetic upgrades to countertops and cabinetry to capture immediate rent premiums. Positioned in a supply-constrained submarket with local development moratoriums and a median household income projected to grow 53% by 2030, Soundview Il is a high-yield, low-risk addition to any portfolio. Proximity to Dash Point State Park and I-5 ensures durable demand for years to come.
Location
State WA
County King
Area 110 - Dash Point/Federal Way
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N Yes
View Sound
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Federal Way
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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