$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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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
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Days on market
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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
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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
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Days on market
0.9 mi
Distance
$995,000 Sold
5 months ago
4 bd•1 ba•~2,560 sq ft•Single Family
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2%
Over list
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Days on market
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Distance
$572,000 Sold
5 months ago
3 bd•1 ba•~1,410 sq ft•Single Family
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2%
Under list
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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
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