30323 15th Court S, Federal Way, WA 98003

Federal Way
Local realty services provided by:Knipe Realty ERA Powered
Listed by: steve fischer
Office: northmarq multifamily, llc.952-356-0100
MLS#:2564976
Source:NWMLS
30323 15th Court S,Federal Way, WA 98003
$4,950,000
  • - Beds
  • - Baths
  • 18,180 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,950,000
  • Price per sq. ft.:$272.28

About this home

We are pleased to present Redondo Ridge Townhomes, an 18-unit townhome community in Federal Way. Built in 1976, the property offers spacious 2-bedroom, 1.5-bath townhomes averaging 1,010 SF with fireplaces, vaulted ceilings, private patios, and full-size side-by-side washers and dryers. Offered at $4,950,000 ($275,000/unit, $272/SF), the asset delivers a 6.04% in-place cap rate with meaningful upside: current rents average $2,101, roughly 12% below the $2,400 achieved by comparable townhomes, and four unrenovated units offer approximately $500/month of additional income. Capital improvements include a new metal roof (2017), electrical panel upgrades (2018), fresh exterior paint (2026), and 14 of 18 units extensively remodeled with new cabinets, quartz counters, flooring, paint, doors, millwork, and appliances. Located 1.6 miles from the Federal Way Link Light Rail Station with convenient access to employment, shopping, and dining.

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Home facts

  • Year built:1976
  • Subdivision & Development:Redondo
  • Listing ID #:2564976
  • Updated:November 15, 2026 at 01:32 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Floor, Vinyl Plank
  • Living area:18,180 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Metal
  • Year built:1976
  • Building area:18,180 sq. ft.
  • Lot area:0.96 Acres
  • Lot Features:Cul-De-Sac, Curbed Lot, Paved
  • Construction Materials:Wood Products Exterior Finish
  • Exterior Features:Patio

Schools

  • High school:Federal Way Snr High
  • Middle school:Sacajawea Jnr High
  • Elementary school:Nautilus Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,950,000
  • Price per sq. ft.:$272.28
  • Tax amount:$49,865 (2026)

Parking

  • Total parking spaces:36
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