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Listed by:Real Broker LLC • Coleton Alexander Pantley

$1,700,000

Est. payment - /mo

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12 Beds

12 Baths

0.34 Acres Lot

Active

28426 S 16th Ave Federal Way, WA 98003

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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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

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

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Amenities & Attractions

Restaurants

Home Services

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Event Planning & Services

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Education

Apple Teriyaki

27400 Pacific Hwy S Unit B, Federal Way, WA 98003

Japanese Phone: 253-839-0110
Lupita’s

27217 Pacific Hwy S, Kent, WA 98032

Mexican Phone: 253-529-1762
Papa Murphy’s Take’n’bake Pizza

272nd & Pacific Hi, Federal Way, WA 98003

Pizza Phone: 253-946-2706
Kwan Tip Thai

29426 Pacific Hwy S, Federal Way, WA 98003

Thai Phone: 253-946-0333
El Tizon Taqueria

29500 Pacific Hwy, Federal Way, WA 98003

Mexican
Jump Start Espresso

27404 Pacific Hwy S, Federal Way, WA 98003

Coffee & Tea Phone: 206-255-0303
Aca Las Tortas

29500 Pacific Hwy, Federal Way, WA 98003

Mexican Phone: 253-941-0937
Mi Bella Honduras Restaurant

29500 Pacific Hwy S, Federal Way, WA 98003

Latin American Phone: 206-592-6922
Pizza Time

29314 Pacific Hwy S, Federal Way, WA 98003

Pizza Phone: 253-946-9000
Verrazano’s

28835 Pacific Hwy S, Federal Way, WA 98003

Pizza Phone: 253-946-4122
Emerald II Thai Cuisine

27227 Pacific Hwy S, Federal Way, WA 98003

Thai Phone: 253-941-2022

Educational Environment

Elementary Schools (1)

Name

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