The Ridge and The Shores/Federal Way, WA

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Multifamily

Federal Way, WA

335 Units

Built in 1982

Value Add

Value-Add Investment Opportunity: Significant rental upside through interior and common area renovations. Nearly all units feature classic finishes, offering a blank-slate value-add opportunity.
Large Floor Plans, Balanced Unit Mix: Thoughtfully designed one-, two-, and three-bedroom homes averaging ±887 square feet.
Well-Maintained Community: Exceptionally well-maintained under long-term ownership known for attention to detail. Low density grounds with lush landscaping offering a spacious and serene environment.
Excellent Federal Way Location: Tucked away just off South 320th Street in a tranquil evergreen setting, the property offers a perfect balance of privacy and convenience, with easy access to Interstate 5 and Highway 99. Residents enjoy close proximity to retail, dining, and lifestyle amenities, including The Commons Mall, all within a 10-minute drive.
Easy Access to Major Employment Hubs: Centrally located between the employment centers of downtown Seattle and Tacoma and less than 10 minutes from Interstate 5, providing easy commutes to Seattle, Sea-Tac Airport, Kent Valley, Bellevue, and the Eastside.
Link Light Rail Service Coming Soon: Federal Way Transit Center, located within two miles of the property, will be served by Link Light Rail beginning in December 2025, offering seamless access to Sea-Tac Airport, downtown Seattle, and the University of Washington. Expanded service to the Eastside is slated for spring 2026.