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Listed price in listed location currency (USD).
$1,700,000

0012

MLS® 2510472

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $16,521
Days Active 3
Lot Size 
Approx. Age 1978
MLS® Number 2510472

Property Address: 28426 S 16th Ave, Federal Way, WA, 98003

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2510472
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1978
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$1,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
28426 S 16Th Ave, Federal Way, WA

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