$1,700,000
Est. $8,569/mo28426 S 16th Ave, Federal Way, WA 98003
• Listed 2026-04-20•59 days on market
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Based on information submitted to the MLS GRID as of April 20, 2026 at 02:13pm (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Coleton Alexander Pantley • Real Broker LLC
Listing updated: April 20, 2026 at 02:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2510472
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28426 S 16th Ave, Federal Way, WA 98003
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More homes in this area that match your range.
Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 9 days.
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3001 288th Street #362, Federal Way, WA 98003
0%
Over list
—
Days on market
1.0 mi
Distance
$313,000 Sold
4 months ago
3 bd•1.5 ba•~2,180 sq ft•Single Family
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0%
Over list
—
Days on market
0.4 mi
Distance
$220,000 Sold
5 months ago
•Single Family
2930 S 284th Street, Federal Way, WA 98003
6%
Under list
—
Days on market
0.9 mi
Distance
$995,000 Sold
5 months ago
4 bd•1 ba•~2,560 sq ft•Single Family
29628 10th Place S, Federal Way, WA 98003
2%
Over list
—
Days on market
0.7 mi
Distance
$572,000 Sold
5 months ago
3 bd•1 ba•~1,410 sq ft•Single Family
1129 S 299th Place, Federal Way, WA 98003
2%
Under list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.