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Ardivus Brivity

Sooper Dooper Guy | Template Draper

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28426 S 16th Ave , Federal Way, WA 98003
$1,700,000
Est. Payment: $8,236.26/mo
12 Bed
12 Bath
7026 Sqft
Status: active | Days on site: 71
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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.
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Highlights

Listed by Coleton Alexander Pantley , 855-450-0442 Real Broker LLC , 855-450-0442. Northwest Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.34

HOA Fee

Year Built

1978

County

King

Area

110 - Dash Point/Federal Way

 Neighborhood

Redondo

 School District

Federal Way

Listing ID

2510472

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:12
  • ▪ Full Bathrooms:
Other:Public

Exterior Features

Garage Capacity:12
Roof:Composition
Others:Wood Products
Sewer:Sewer Connected
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$8,236
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,377

Home Price

$1,700,000

Home Price

Loan Details

30 yrs
6.094%

Interest Rate

Loan Type

Down Payment

20%
$340,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,236.26

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,236.26 $1,376.75 $0.00 $9,613.01
Yearly $98,835.11 $16,521.00 $0.00 $115,356.11
Total $2,965,053.26 $495,630.00 $0.00 $3,460,683.26
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Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Federal Way, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-06-30T18:44:18.000Z

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