Active · Residential Income

28400 16th Avenue S, Federal Way, WA 98003

Federal Way, WA 98003

$849,500

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Tribeca NW Real Estate · MLS #2567104 · Active

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About this property

Come and see! Perched among a lush canopy of trees in Federal Way’s coveted Redondo neighborhood, this loaded property offers incredible income potential. Spanning 3,852 square feet, this exceptional property is thoughtfully designed as three completely separate, fully equipped living spaces, making it the ultimate setup to live in one unit and rent the other two, host multi-generational living, or lease all three for maximum investment returns. Every single residence boasts its own private kitchen, dedicated in-unit laundry, and an expansive deck designed to soak in the tranquil treed overlook and coastal air. Inside, the home features two expansive primary residences alongside a charming studio apartment above the two-car garage. The 1,530-square-foot main-level unit and the 1,430-square-foot lower-level unit each offer two bedrooms, two bathrooms, and remarkably spacious living areas. Tucked above the garage, the 572-square-foot apartment captures true canopy views, giving tenants or guests their own secluded haven. All this comes with a detached two-car garage and plenty of extra off-street parking. Minutes from the vibrant Redondo Beach boardwalk and Saltwater State Park trails, this unique retreat combines coastal Northwest living and unmatched financial versatility with major commuter convenience, with its proximity to major commuter routes like I-5 and Route 99, shopping hubs including The Commons at Federal Way, and light rail and bus extensions.

Property details

Property type: Multi Family
Year built: 1986
Lot size: 13,939 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $710 (2026)
Parking spaces: 5
School district: Federal Way

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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