Listed by David Li, WeLakeside
- Commercial Industrial
- Type
- 2000
- Year built
- 20,939 sq ft
- Lot
- 0
- Days on market
About this property
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!
Location & commute
Add a destination, like work or the gym, for directions and drive time.
Jeff's Neighborhood Guide
Get to know the Dash Point/Federal Way area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2601751
- Listed
- November 6, 2026
- Days on market
- 0
Unit & building
- Unit
- 102
Homeowners association
- HOA dues
- $100 monthly
Construction
- Year built
- 2000
- Style
- 62 - Business Opp.
- Structure
- Mixed Use
- Roof
- Built-Up
Heating & cooling
- Heating
- Forced Air
- Cooling
- Heat Pump
- Energy source
- Electric
Flooring
- Flooring
- Hardwood
Lot
- Lot size
- 20,939 sq ft
Terms
- Terms offered
- Conventional
Utilities
- Sewer
- Available
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Hardwood
Listing history
Listed
$280,000
November 6, 2026
Derived from current MLS listing fields.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$1,731
- Principal & interest
- $1,416
- Property tax (est.)
- $215
- HOA dues
- $100
Assumes $56,000 down (20%), a $224,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Similar nearby listings
$197,950
2101 S 324th Street #186
Federal Way, WA
$300,000
2101 S 324th Street #10
Federal Way, WA
$249,000
2101 S 324th Street #88
Federal Way, WA
$299,999
31500 33rd Place SW #C204
Federal Way, WA
$225,000
32120 45th Place SW #C8
Federal Way, WA
$287,450
31500 33rd Place SW #G202
Federal Way, WA
Based on information submitted to the MLS GRID as of November 6, 2026 at 4:10 PM PST. 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.