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28426 S 16th Ave, Federal Way, WA 98003

Federal Way
Local realty services provided by:CENTURY 21 Lund, Realtors
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:April 21, 2026 at 12:28 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 21, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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