28426 S 16th Ave, Federal Way, WA 98003

Federal Way
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: coleton alexander pantley
Office: real broker llc.
MLS#:2510472
Source:NWMLS
28426 S 16th Ave,Federal Way, WA 98003
$1,700,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,700,000

About this home

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...

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Home facts

  • Year built:1978
  • Listing ID #:2510472
  • Updated:June 07, 2026 at 11:06 AM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1978
  • Lot area:0.34 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,700,000
  • Tax amount:$16,521 (2026)

Parking

  • Total parking spaces:12
  • Carport spaces:6
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