Investment Overview

Marcus & Millichap is pleased to present Cedar Gardens, a multifamily community located at 2220 SW 337th Place in Federal Way, Washington. Situated within a quiet residential neighborhood in one of South King County’s most established housing markets, the property offers investors a well-maintained apartment community with strong in-place fundamentals and meaningful rental upside. Originally constructed in the 1980s, Cedar Gardens consists primarily of two-bedroom apartment homes, a highly desirable unit configuration that appeals to families, roommates, and workforce tenants seeking larger living spaces. The units feature in-unit washers and dryers, a sought-after amenity that enhances resident convenience and supports tenant retention. Additionally, the community benefits from on-site parking, providing residents with convenient access and an important amenity in a market where parking availability is increasingly valued. Cedar Gardens is located within a predominantly residential area of Federal Way, offering residents a neighborhood-oriented living environment while maintaining convenient access to everyday necessities. Grocery stores, restaurants, and neighborhood retail services are located within walking distance, enhancing the property's appeal and supporting long-term occupancy stability. The combination of desirable two-bedroom unit layouts, in-unit laundry, rental upside potential, and location within a stable residential neighborhood positions Cedar Gardens as a compelling multifamily investment opportunity in the Federal Way market.