USAWAFederal WayRedondo30323 15Th Court S
Listing image | Image 1

30323 15Th Court S, Federal Way, WA

House

For Sale

Listed price in listed location currency (USD).
$4,950,000

0036

MLS® 2564976

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $49,865
Days Active 12
Lot Size 0.9642 Acres
Approx. Age 1976
MLS® Number 2564976

Property Address: 30323 15th Court S, Federal Way, WA, 98003

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2564976
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1976
Basement
Driveway
Garage Spaces
HeatBaseboard, Wall Furnace
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 5, 2026List Date
$4,950,000List Price
  • Commute

Commute

Starting Address
Destination Address
30323 15Th Court S, Federal Way, WA

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