Investor/developer opportunity! Flat high traffic arterial corner lot just shy of an acre, no critical areas, ready to develop. Former home lost to fire—property has been rezoned Neighborhood Business (BN). High-visibility location with excellent access. Zoning allows for a variety of neighborhood-serving commercial uses including retail, office, and mixed-use. Rare chance to redevelop in a growing Federal Way corridor. Bring your vision and maximize the potential of this well-situated site. Buyer bonus and seller financing available!
Sold
Listed by: Michael J Real Estate LLC
Bought with: John L. Scott R.E.Tacoma North
$530,000
2019 SW 356th Street, Federal Way, WA 98023
2beds
830sqft
Single Family Residence
Built in 1928
0.96 Acres Lot
$519,300 Zestimate®
$639/sqft
$2,491 Estimated rent
Home value
$519,300
$478,000 - $566,000
$2,491/mo
Zestimate® history
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$3,119/mo
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High traffic arterialCorner lot
Zillow last checked:
Listing updated:
Listed by:
Octavio Torres Milano,
Michael J Real Estate LLC
Bought with:
Petro Shaporda, 24017599
John L. Scott R.E.Tacoma North
Source: NWMLS as distributed by MLS GRID,MLS#: 2436085
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Heating
- Forced Air, Electric
Cooling
- None
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 830
- Total interior livable area: 830 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Covered spaces: 1
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.96 Acres
- Dimensions: 388' x 150'
- Features: Corner Lot, Sidewalk, Value In Land
- Topography: Level
Details
- Parcel number: 2521039022
- Zoning: BN
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: See Remarks
Condition
- Fixer
- Year built: 1928
- Major remodel year: 1928
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Federal Way
Other
Other facts
- Listing terms: Conventional,FHA,See Remarks
- Cumulative days on market: 138 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Sold | $530,000+6.2%$639/sqft |
Source:  NWMLS as distributed by MLS GRID #2436085 Report a problem | ||
| 9/30/2025 | Pending sale | $499,000$601/sqft |
Source: NWMLS as distributed by MLS GRID #2436085 Report a problem | ||
| 9/20/2025 | Listed for sale | $499,000+399%$601/sqft |
Source: NWMLS as distributed by MLS GRID #2436085 Report a problem | ||
| 8/7/1995 | Sold | $100,000$120/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,363 +6.5% | $315,000 +3.6% |
| 2024 | $3,159 +1.5% | $304,000 +10.5% |
| 2023 | $3,114 +3.4% | $275,000 -7.4% |
| 2022 | $3,012 +8.2% | $297,000 +24.8% |
| 2021 | $2,783 +16.9% | $238,000 +25.3% |
| 2020 | $2,380 +3.8% | $190,000 +1.6% |
| 2019 | $2,293 +8% | $187,000 +4.5% |
| 2018 | $2,123 -8.5% | $179,000 +12.6% |
| 2017 | $2,321 +22.1% | $159,000 +10.4% |
| 2016 | $1,902 | $144,000 +7.5% |
| 2015 | $1,902 | $134,000 +5.5% |
| 2014 | $1,902 | $127,000 +38% |
| 2013 | $1,902 | $92,000 -1.1% |
| 2012 | -- | $93,000 -9.7% |
| 2011 | -- | $103,000 -32.2% |
| 2010 | -- | $152,000 |
| 2009 | -- | $152,000 -2.2% |
| 2007 | -- | $155,400 |
| 2006 | -- | $155,400 -14.1% |
| 2005 | -- | $181,000 +1.1% |
| 2001 | $2,401 +4.4% | $179,000 +8.5% |
| 2000 | $2,301 | $165,000 |
Find assessor info on the county website
Neighborhood: 98023
Nearby schools
GreatSchools rating
- 5/10Enterprise Elementary SchoolGrades: PK-5Distance: 1 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.2 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 2.1 mi
Get a cash offer in 3 minutes
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Estimated market value
$519,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$519,300
- Washington
- King County
- Federal Way
- 98023
- 2019 SW 356th Street
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