$280,000
Est. $1,517/mo1645 S 288th Street #102, Federal Way, WA 98003
• Listed Nov 6, 2026•1 day active · 1 cumulative
Listing Broker: WeLakeside; David Li; 206-434-1896; david.li.gpfis@gmail.com
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Listing Broker: WeLakeside; David Li; 206-434-1896; david.li.gpfis@gmail.com
About this home
Excellent Investment Opportunity – Tenant-Occupied Commercial Condo in Federal Way! Discover this 954 SF ground-floor commercial office condominium in the desirable Redondo area of Federal Way. Currently tenant-occupied, generating $2,800/month ($33,600 annually) in gross rental income, offering immediate income potential for investors. The functional layout features three private offices, a reception/work area, and a private restroom. Conveniently located with easy access to Pacific Highway S, I-5, and surrounding residential and commercial communities. Ideal for investors seeking an income-producing commercial property or future owner-users, subject to existing lease terms. Don't miss this opportunity to own a commercial condo in a convenient South King County location!
Listed by David Li • WeLakeside
Listing updated: November 6, 2026 at 11:56am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2601751
Around this home
How much should you offer?
1645 S 288th Street #102, Federal Way, WA 98003
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Business Opp.
Flooring
- Hardwood
Heating & cooling
- Forced Air heating
- Heat Pump cooling
Schools
Ratings via SchoolDigger- Nautilus K-8 SchoolPublic · Grades K-8 · 0.5 mi · State rank 379 of 1,1386/10
- Sacajawea Middle SchoolPublic · Grades 6-8 · 0.7 mi · State rank 426 of 5142/10
- Federal Way High SchoolPublic · Grades 9-12 · 1.1 mi · State rank 342 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Business opportunity facts
As entered by the listing broker on Northwest MLS
Premises & lease
- Financing
- Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1645 S 288th Street #102
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Nov 6, 2026ListedNWMLS via MLS Grid · #2601751$280,000
- Mar 31, 2022Recorded saleKing County recorder · Warranty deed$185,000
- Mar 23, 2007SoldNWMLS via MLS Grid · #27038115$172,000
- Mar 9, 2007PendingNWMLS via MLS Grid · #27038115$199,950
- Mar 8, 2007ListedNWMLS via MLS Grid · #27038115$199,950
- Jan 31, 2007SoldNWMLS via MLS Grid · #26157539$125,000
Down payment assistance
6 programs may be available to provide you with up to $15,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$1,913 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: WeLakeside; David Li; 206-434-1896; david.li.gpfis@gmail.com
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 80 days.
Recent sales nearby
Within 1 mile · last 6 months$1,318,000 Sold
5 days ago
3 bd•2.75 ba•~5,030 sq ft•Single Family
812 S Marine Hills Way, Federal Way, WA 98003
15%
Under list
160
Days on market
0.7 mi
Distance
$495,000 Sold
1 week ago
3 bd•1.75 ba•~1,460 sq ft•Single Family
2002 S 280th Place, Federal Way, WA 98003
0%
Over list
64
Days on market
0.6 mi
Distance
$750,000 Sold
2 weeks ago
5 bd•2.5 ba•~2,440 sq ft•Single Family
741 S 295th Place, Federal Way, WA 98003
0%
Over list
60
Days on market
0.7 mi
Distance
$1,019,622 Sold
2 weeks ago
5 bd•2.75 ba•~3,019 sq ft•Single Family
30326 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
1.0 mi
Distance
$981,448 Sold
2 weeks ago
5 bd•2.75 ba•~3,019 sq ft•Single Family
30314 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.9 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 Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 7, 2026 at 4:03 PM PT (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.
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