Property Photo: 28422 16th Ave S WA 98003

Sold

Listing Courtesy of:

Northwest MLS as distributed by MLS GRID / Windermere Real Estate West Campus, Inc. / Stephen Janho and Sir Real Estate Services, Inc.

28422 16th Ave S Federal Way, WA 98003

Sold on 05/20/2016

$962,000 ^(USD)

BED

BATH

6,702

SQFT

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Description

Extremely rare and sought after investment opportunity in an incredible location. 6 units total each 1053 square feet with 2 bedrooms and 1 1/2 baths. Units are currently leased month to month. Fantastic views of the Puget Sound and Olympic Mountains. Several units have been fully updated. Great Cap Rate with historically low (nearly zero) vacancy. Could be converted to individual condo units to sell. Vacant unit available to show with appointment only. Do not bother tenants!!!

Sold Date:
05/20/2016

Taxes
$9,542(2015)

Lot Size
0.34 acres

Type
Multifamily

Year Built
1978

Style
5-9 Units

Views
Mountain, Sound, Territorial

School District
Fed

County
King Co.

Community
Federal Way

Listed By

Stephen Janho, Windermere Real Estate West Campus, Inc.

Bought with
Michelle Eggert, Sir Real Estate Services, Inc.

Source
Northwest MLS
Last checked May 9 2026 at 9:46 PM PDT

Bathroom Details

Lot Information

Curbs

Property Features

Deck
Foundation: Concrete Block

Heating and Cooling

Wall

Flooring

Ceramic Tile
Hardwood
Vinyl
Wall to Wall Carpet
Laminate Hardwood

Exterior Features

Cement/Concrete
Wood Products
Roof: Composition

Utility Information

Utilities: Public
Sewer: Sewer Connected
Energy: Electric

School Information

Elementary School: Buyer to Verify
Middle School: Buyer to Verify
High School: Buyer to Verify

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Mar 23, 2016

Listed

$949,500

Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.

Based on information submitted to the MLS GRID as of 5/9/2026 14:46. 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.