$750,000
28921 28th Place S, Federal Way, WA 98003
Excellent investment opportunity in a high-demand rental area! Ideal for first-time investors or owner-occupants. This side-by-side townhouse-style duplex offers private, fenced backyards, 2 beds, 1.5 baths per unit, updated kitchens, in-unit washer/dryers, and off-street parking. One unit will be vacant by end of August—perfect for FHA/VA owner-occupant financing. Conveniently located near
Pamela Davison Redfin
$1,044,995
23 S 338th Place, Federal Way, WA 98003
Excellent investment opportunity! This spacious 4-plex offers 3,904 rentable sq ft and strong income potential. Each unit is 2 bedroom, 1.5 baths and 3 units have been updated with fresh paint and carpet. Units provide comfortable living space, making it ideal for both long-term tenants and short-term rentals. Located in a desirable area with easy access to amenities, transit and schools. This
Stephen Janho Windermere RE West Campus Inc
$1,200,000
120 S 339th Cir, Federal Way, WA 98003
This is 4 plex multi family home in very good location in Federal Way. Complete exterior & interior. Well managed and fully occupied units. 2 bedrooms/1 bathroom, washer/dryer, fireplace. Cross the road is public library. Easy access to I-5, Hwy 19 &99. Very good opportunity to own 4-plex with 5% net income.
Chong Tae Min Q Star Seattle Corporation
$1,200,000
27 S 342nd Place, Federal Way, WA 98003
This is 4 plex multi family home in very good location in Federal Way. Complete exterior & interior. Well managed and fully occupied units. 2 bedrooms/1 bathroom, washer/dryer, fireplace. Cross the road is public library. Easy access to I-5, Hwy 19 &99. Very good opportunity to own 4-plex with 5% net income.
Chong Tae Min Q Star Seattle Corporation
$1,100,000
34005 1st Cir S, Federal Way, WA 98003
This well-maintained 4-plex in the desirable Campus View community presents an excellent investment opportunity. Each of the four spacious units features 2 bedrooms, 1.5 bathrooms, 1,009 sq. ft. of living space, a cozy fireplace, and an in-unit washer and dryer. Residents enjoy the convenience of a dedicated covered parking spot, plus additional visitor parking. Professionally managed for a
Ton Nguyen 360 Pacific
$2,995,000
30853 14th Ave S, Federal Way, WA 98003
Welcome to the Lake Apartments in Federal Way, a portal into a classic 1958-built brick, 16 unit apartment building. This 2 story building is surrounded by grass and vegetation on a huge 31,000 square foot lot. Just off Pacific Highway, this building is a reasonable commute to the major hubs and will be close to the future Federal Way light rail stop. Groceries, restaurants, transit, and
Shavic Jones Windermere Real Estate Co.
$675,000 New Construction
4950 S 298th St, Federal Way, WA 98001
Prime Development Opportunity! Approved permits in hand for an 8-unit multifamily project featuring thoughtfully designed 1-bedroom, 1-bath units perfect for strong rental demand. Sale is for land only. Located in a thriving neighborhood with excellent access to amenities, transit, and major highways. Offering a flexible turnkey solution for developers or investors. This fully permitted project
Vadim Polishchuk Skyline Properties, Inc.
On average, homes in Federal Way, WA sell after 38 days on the market compared to the national average of 51 days. The median sale price for homes in Federal Way, WA over the last 12 months is $600,000, up 3% from the median home sale price over the previous 12 months.
In Federal Way, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $675,000 to $2,995,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Federal Way is $619,990, while the average sale price is $605,310, offering insights into the local housing market. On average, multi-family homes spend 38 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Federal Way, WA.
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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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
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