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Federal Way, WA, 98003 • Redondo • King County
$293/sqft
3,920Sqft
0.32 acLot
1979Built
Waterfront Property
Direct water access
Sound Views
Sound
Redondo
Redondo
Outdoor Living
Wall to Wall Carpet
Demand and pricing signals for this listing
5 views
People checking out this listing
1013 days on market
Established listing
$293/sqft
Price per square foot
Multi Family · Built 1979
Located in a nice quiet area near the heart of Federal Way while harvesting the appreciation of the city! Having access near Redondo beach while being next to all the desirable conveniences makes this place easy to rent out. Each unit average $2,050 in rents with all newer signed year leases! Tenants are awesome, cooperative and enjoys their living. A new owner can have peace of mind with a steady cash-flowing investment even with today's current interest rates. Each unit offers a spacious 980 square with 2 bedrooms, 1.75 bathrooms, washer and dryer hookups, and a private balcony with a view. Put more down payment to collect higher cash on cash returns!
Standout features identified
Our analysis highlights private balcony and newer signed year leases as key attractions of this home.
Based on current rates
Est. 6.18% rate · 30yr fixed · $920,000 loan
Full calculator →Key facts and listing details
8 categories of property features
Market data and value estimates
3 schools rated nearby
Federal Way, WA, 98003
11 events
21 years of records
Local context around this listing
Federal Way, WA • King County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 05:18:30 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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