Date
Details
Price
Change
Source
4/20/2026
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$1,700,000 Just Listed
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1/23
Property 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.
Full Property Details
Full Property Details for 28426 S 16th Ave
General
- Price: $1,700,000
- Taxes: $16,521 (2026)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2510472
- Updated: 4/20/2026
- Added to Site: 6 day(s) ago
Parking
- Carport Spaces: 6
- Covered Spaces: 6
- Uncovered Spaces: 6
Location
- Area: 110 - Dash Point/Federal Way
- County: King
- Subdivision: Redondo
- Driving Directions: GPS works
School Information
- High School District: Federal Way
Community
- Association: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Multi Family
- Exterior Const.: Wood Products
- Roof: Composition
- Stories in Building: 3
- Year Built: 1978
Unit Information
- Units in Building: 6
Lot Features
- Property View: Sound
- Lot Size (Acres): 0.3383
- Lot Size (Sq. Ft.): 14,736
- Lot Size Source: Realist
Financial Considerations
- Tax Amount: $16,521
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 7876210000
Listed by Coleton Alexander Pantley | Real Broker LLC | (855) 450-0442
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Schools
Schools serving 28426 S 16th Ave
School District:Federal Way School District
| Name | Grades | Distance |
|---|---|---|
Woodmont Elementary School 26454 16th Avenue South, Des Moines, WA 98198 | K-5 | 1.2 mi |
Sacajawea Middle School, Federal Way, WA 1101 South Dash Point Road, Federal Way, WA 98003 | 6-8 | 0.8 mi |
Federal Way Senior High School 30611 16th Avenue South, Federal Way, WA 98003 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 28426 S 16th Ave
Tax History
Tax History for 28426 S 16th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 28426 S 16th Ave
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- Manufactured Home
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,248Sq. Ft.
Listed by Ashley Renee Pease | Crescent Realty powered by KW
- Single Family
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- Updated 4 days ago
- 4Beds
- 3Total Baths
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- Manufactured Home
- Active
- Updated 22 hours ago
- 3Beds
- 3Total Baths
- 1,824Sq. Ft.
Listed by Eugene Balika | Pellego, Inc.
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,128Sq. Ft.
Listed by Maura Larson | John L. Scott, Inc.
- Condo
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,323Sq. Ft.
Listed by Felicia Mackey | Berkshire Hathaway HS NW
- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 3Total Baths
- 2,246Sq. Ft.
Listed by Richard Smith | Better Properties UP/Fircrest
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,796Sq. Ft.
Listed by Mi Shin (206) 288-9747
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- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,380Sq. Ft.
Listed by Brian Nienaber | Marketplace Sotheby's Intl Rty and Stella Bender | Marketplace Sotheby's Intl Rty
Sold by Betsy Matias | Windermere Real Estate/East
Sold by Betsy Matias | Windermere Real Estate/East
![[Address not provided], Federal Way, WA 98023 - Photo 1](https://m.cbhomes.com/p/278/2444837/34BD9982102D45e/s23cc.webp)
- Single Family
- Closed
- 9Beds
- 5Total Baths
- 3,780Sq. Ft.
Listed by Zora Brzac | HomeSmart Real Estate Assoc and Andreea S. Mogovan | HomeSmart Real Estate Assoc
Sold by Nicolae Leva | 206 Realty Llc
Sold by Nicolae Leva | 206 Realty Llc
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 5,540Sq. Ft.
Listed by Scott Huber | Rain Town Realty + JPAR and Eduard Raiter | Rain Town Realty + JPAR
Sold by Lesly Ramos | Every Door Real Estate
Sold by Lesly Ramos | Every Door Real Estate
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 3,510Sq. Ft.
Listed by PJ McGuire
Sold by Chelsea Halverson | Compass
Sold by Chelsea Halverson | Compass
28426 S 16th Ave, Federal Way, WA 98003 (MLS# 2510472) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 28426 S 16th Ave is currently listed for $1,700,000 and was received on April 20, 2026. Want to learn more about 28426 S 16th Ave? Do you have questions about finding other Multi-Family real estate for sale in Redondo? You can browse all Redondo real estate or contact a Coldwell Banker agent to request more information.