Federal Way, WA homes for sale & real estate

Federal Way, WA Homes for Sale

Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants. Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income. The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management. Conveniently located near shopping, dining, schools,

Federal Way, WA Homes for Sale

Rarely available townhome-style 4-plex in the professionally managed Panther Lake community, offering some of the largest floor plans in the complex. Each two-level unit features 2 bedrooms, 1.5 baths, and approx 1,009 SF per builder/management. The main floor offers a living room with wood-burning fireplace, separate dining room, kitchen, half bath, and in-unit washer/dryer; upstairs are two bedrooms with double closets and a full bath. Two private decks per unit. Current rents $1,600-$1,850 with upside toward the $1,895 market rate for this plan. Four carport spaces plus additional parking. HOA dues cover water, sewer, garbage, exterior maintenance, and grounds, and tenants reimburse $158

Federal Way, WA Homes for Sale

We are pleased to present Redondo Ridge Townhomes, an 18-unit townhome community in Federal Way. Built in 1976, the property offers spacious 2-bedroom, 1.5-bath townhomes averaging 1,010 SF with fireplaces, vaulted ceilings, private patios, and full-size side-by-side washers and dryers. Offered at $4,950,000 ($275,000/unit, $272/SF), the asset delivers a 6.04% in-place cap rate with meaningful upside: current rents average $2,101, roughly 12% below the $2,400 achieved by comparable townhomes, and four unrenovated units offer approximately $500/month of additional income. Capital improvements include a new metal roof (2017), electrical panel upgrades (2018), fresh exterior paint (2026), and

Federal Way, WA Homes for Sale

* Give friendly listing agent a call to ask about the $10,000 down payment grant you may qualify for! * You will appreciate this clean vacant Top Floor 2-bedroom, 2 full bath home with territorial & partial views of the Puget Sound and Olympic Mts. The Living Room has a wood burning fireplace w/ Engineered hardwood flooring throughout the living area. The spacious Primary Bedroom features 2 closets and a full bath. The 2nd Bedroom has a double closet, and the bedrooms have wall to wall carpet. The appliances that stay include stove/range, Microwave, Refrigerator and Dishwasher. There is a 2-car tandem assigned Carport. Storage unit is on the deck. HOA covers water, sewer, and garbage