$535,000
3 bd•1 ba•1,340 sq ft
2504 S 365th Place, Federal Way, WA 98003
• Listed 2026-03-19
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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.
Listed by Laura Papritz • Real Broker LLC
Listing updated: May 31, 2026 at 04:06am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2493617
Neighborhood mobility
Federal Way School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 17 days.
$515,000 Sold
3 months ago
3 bd•2 ba•~1,310 sq ft•Single Family
36310 28th Avenue S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.3 mi
Distance
$160,000 Sold
3 months ago
3 bd•1.75 ba•Single Family
2500 S 370th Street #225, Federal Way, WA 98003
3%
Under list
—
Days on market
0.1 mi
Distance
$84,000 Sold
3 months ago
2 bd•1.75 ba•Single Family
2500 S 370th Street #32, Federal Way, WA 98003
4%
Under list
—
Days on market
0.1 mi
Distance
$607,000 Sold
3 months ago
3 bd•2.25 ba•~1,870 sq ft•Single Family
37558 30th Place S #lot40, Federal Way, WA 98003
3%
Under list
—
Days on market
0.8 mi
Distance
$535,000 Sold
4 months ago
3 bd•1 ba•~1,340 sq ft•Single Family
2504 S 365th Place, Federal Way, WA 98003
0%
Over list
—
Days on market
0.1 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 31, 2026 at 04:06am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
$517,000
-$18,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $540K and $575K.
Rental earnings
$1,550/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

$540,000Last sold price
2544 S 365th Place, Federal Way, WA 98003

$569,950Last sold price
36526 28th Avenue S, Federal Way, WA 98003
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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