28426 S 16th Ave, Federal Way, WA 98003
28426 S 16th Ave, Federal Way, WA 98003
28426 S 16th Ave, Federal Way, WA 98003
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by:Real Broker LLC • Coleton Alexander Pantley
$1,700,000
Est. payment /mo
12 Beds
12 Baths
0.34 Acres Lot
Save

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

Read Less Info
Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby School & Business

Get More Information

Josh Barnard

Josh Barnard

+1(253) 677-5765

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Josh Barnard, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Quick Search
VIEW MORE