2504 S 365th Place, Federal Way, Washington 98003

WA, Federal Way
$535,000
  • 3 Beds
  • 1 Bath
  • 1,340 Sqft
  • Residential Property Type
  • 1968 Year Built
  • Pending Status
Property Description

RAMBLER. SHOP. POTENTIAL.Why pay for someone else’s remodel when you can create the one you actually want? First time on the market in 58 YEARS, this mid-century rambler in Federal Way sits on a sunny ¼-acre corner lot and offers the kind of opportunity buyers keep hoping to find. The home has great bones, a flexible layout, and plenty of livable space while you update over time. Three bedrooms are tucked on one side of the home, while a large family room anchors the opposite end with a formal living room in-between. The cozy kitchen features a garden window overlooking the backyard, and French doors from the dining room lead to the patio for easy indoor-outdoor living. Outside, the 750 square foot, detached shop/garage sits at the corner of the lot, leaving the yard open for fruit trees, gardens, play space, or even a future sports court. Another rare bonus for this neighborhood: connected to sewer, not septic which gives you tons of flexibility for yard projects. Located just minutes from shopping, dining, entertainment, and easy access to I-5, Hwy 167, and Hwy 18. If you’ve been searching for a Federal Way rambler with a large yard, detached shop, and the chance to remodel to your own taste, this is the kind of opportunity buyers wait years for. Homes with this much yard space, a shop, and sewer service in Federal Way rarely come available at this price point.

Source: NWMLS
Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 2493617
  • Price: $535,000
  • View: Territorial
  • Bedrooms: 3
  • Bathrooms: 1
  • Square Footage: 1,340 Sqft
  • Year Built: 1968
  • Lot Area: 0.27 Acre
  • Status: Pending
  • Office Name: Real Broker LLC
  • Agent Name: Laura Papritz
  • Full Bathrooms: 1
  • Property Sub Type: Single Family Residence
  • Roof: Composition
Features
  • Heating System Forced Air
  • Cooling System None
  • Basement None
  • Fireplace Electric, Wood Burning
  • Parking Driveway, Off Street, Detached Garage
  • Exterior Features Wood, Wood Products
  • Fireplaces Total: 2
  • Flooring Carpet, Vinyl
  • Interior Features Fireplace, French Doors, Dining Room, Water Heater, Ceiling Fan(s), Dbl Pane/Storm Window
  • Sewer Sewer Connected
Appliances
  • Stove(s)/Range(s)
  • Dishwasher
  • Refrigerator
  • Dryer
  • Washer
Address Map
  • Country US
  • State WA
  • County King
  • City Federal Way
  • Zipcode 98003
  • Street: 365th
  • Street Number: 2504
  • Street Suffix: Place
  • Longitude: W123° 41' 52.3''
  • Latitude: N47° 16' 27.2''
  • Direction Faces: South
  • Directions: GPS directions from I-5, Hwy 167 or Hwy 18 will bring you to the property, super convenient location. Be sure to put 365th Place and not just 365th
  • Mls Area Major: 110 - Dash Point/Federal Way
  • Street Dir Prefix: S
  • Zoning: R4
Neighborhood
  • Elementary School: Rainier View Elem
  • High School: Todd Beamer High
  • High School District: Federal Way
  • Middle School: Sequoyah Mid Sch
Additional Information
  • Water Source: Public
  • Virtual Tour: Virtual Tour
  • On Market Date: 2026-03-19
  • Lot Features: Paved, Curbs, Sidewalk, Corner Lot
  • Levels: One
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 5400
Listing Information
  • List Agent Mls Id: 32923
  • List Office Mls Id: 6529
  • Listing Term: Cash,Conventional,FHA,Rehab Loan,State Bond,VA Loan
  • Mls Status: Pending
  • Modification Timestamp: 2026-04-14T18:41:12Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-14T18:39:43Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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