Listed by Berkshire Hathaway HS NW
$950,000
PENDING

28625 16th Ave S Federal Way, WA 98003

Redondo-Federal Way Neighborhood

Estimated payment $5,186/month

Total Views 1,518
8 Beds
12 Baths
3,920 Sq Ft
$242 Price per Sq Ft

Highlights

  • Deck
  • Baseboard Heating
  • Wood Siding
  • Patio
  • High Speed Internet

About This Home

Fantastic 4-Plex Investment Opportunity! This well-maintained 4-plex offers four spacious units, each featuring 2 bedrooms and 1.75 baths. Two units include private patios while the other two enjoy a deck overlooking the wooded backyard, providing both privacy and charm. Recent updates throughout include refreshed kitchens, modern flooring, updated lighting, and newer appliances—creating inviting, move-in-ready spaces for tenants. The property is ideally located near major freeways and shopping, ensuring easy commutes and everyday convenience. With a blend of updates and a serene setting, this 4-plex is a rare find for both investors and owner-occupants alike. Build your real estate portfolio here.

Listing Agent

Kathleen Gendron

Berkshire Hathaway HS NW License #27490 Listed on: 08/18/2025

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2418356

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,429

Year Built

  • Built in 1979

Lot Details

  • 10,010 Sq Ft Lot
  • Street terminates at a dead end

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 12 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • Soundview Terrace Condos
  • Federal Way Subdivision

Listing and Financial Details

  • Tax Lot B
  • Assessor Parcel Number 7876800020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,429

Year Built

Built in 1979

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • MLS Status: Pending Inspection
  • Prev Status: Pending
  • Building Name: Soundview Terrace
  • New Construction: No
  • CalculatedSquareFootage: 3920
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 2640

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association: Yes
  • Common Interest: Multi-Family

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Federal Way
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 7876800020
  • Lot Size Acres: 0.2298
  • Lot Size Sq Ft: 10010
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City
  • LotNumber: B

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 1429

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 11280
  • Leasable Area: 3920
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,496 $889,600 $137,600 $752,000
2022 $4,654 $434,800 $78,300 $356,500
2021 $782 $726,300 $103,300 $623,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Pending -- -- --
08/11/2025 08/11/25 For Sale $950,000 +128.9% $242 / Sq Ft
03/05/2015 03/05/15 Sold $415,000 -2.4% $106 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $425,000 -- $108 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2418356

Northwest Multiple Listing Service (NWMLS)

APN: 787680-0020

Washington King County Federal Way 98003 Redondo-Federal Way

28625 16th Ave S, Federal Way, WA

This home is located at 28625 16th Ave S, Federal Way, WA 98003 and is currently priced at $950,000, approximately $242 per square foot. This property was built in 1979. 28625 16th Ave S is a home located in King County with nearby schools including Woodmont K-8 School, Sacajawea Middle School, and Federal Way High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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.
Based on information submitted to the MLS GRID

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Kathleen Gendron
Listing Agent
Kathleen Gendron
Section Image
Berkshire Hathaway HS NW
(206) 207-5496