New Tacoma Homes under $500,000

Welcome to New Tacoma, a vibrant neighborhood nestled in the heart of Tacoma, Washington. Known for its rich history and eclectic charm, New Tacoma offers a unique blend of urban convenience and suburban tranquility. This area is characterized by its historic architecture, tree-lined streets, and a strong sense of community, making it an ideal place for families, young professionals, and retirees alike.

One of the standout features of New Tacoma is its affordability. Here, you can find charming homes priced under $500,000, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Many of these homes boast original features that reflect the area’s storied past, while also offering modern amenities to suit today’s lifestyle. Whether you’re searching for a cozy bungalow or a spacious family home, New Tacoma has something to fit every taste and budget.

Living in New Tacoma means enjoying easy access to a variety of local attractions. Take a leisurely stroll through the nearby parks, explore the vibrant arts scene, or indulge in the diverse dining options that reflect the neighborhood's multicultural spirit. With its close proximity to downtown Tacoma, residents can relish in the convenience of shopping, entertainment, and public transportation.

Discover the charm and affordability of New Tacoma, where your dream home awaits amidst a welcoming community. Experience the perfect blend of history, culture, and modern living in this delightful neighborhood!

Newest New Tacoma Homes under $500,000

$499,900

2594657 MLS ⋅ ACTIVE Status

Updated Tacoma duplex in a prime location within walking distance of light rail and close to downtown amenities. The up-down configuration features 2-bedroom, 1-bath units, each with a living area, kitchen, and its own laundry. There are no shared interior spaces, and electricity and water are separately metered. A comprehensive remodel from the studs out in 2016 included a new roof, windows, plumbing, electrical systems, and much more. The lower unit rents for $1,600 per month to a reliable, long-term tenant, while the recently vacated upper unit offers flexibility to move in, lease long term, or explore short-term rental use. The upper unit previously operated as a successful Airbnb benefiting from its proximity to downtown Tacoma. The projected 6.38% cap rate assumes an upper-unit rent of $1,600 per month — matching the rate of the lower unit and below current market rent — leaving additional income potential beyond the stated projection. Overall, this is an excellent investment opportunity with a proven rental track record and the added flexibility of owner occupancy.

1017 S I Street, Tacoma

Listing Broker: Windermere Prof Partners; Drew Staudt; 253-285-6105; drewstaudt@windermere.com

$500,000

4 Beds ⋅ 2 Baths ⋅ 2590916 MLS ⋅ ACTIVE Status

Beautifully remodeled 4-bedroom, 2-bath home offering modern updates throughout and a layout designed for comfort and flexibility. The fully renovated interior features fresh finishes, updated systems, and thoughtful details at every turn. A unique hidden attic bonus room adds a fun, versatile space perfect for storage, hobbies, or a private retreat. Outside, enjoy a nicely sized backyard with room to relax, garden, or entertain. The property includes RV parking and an oversized 1-car garage with extra space for tools, toys, or a workshop setup. Located close to shopping, bus lines, and major freeways, this home offers convenience without sacrificing neighborhood charm. A move-in-ready opportunity with standout features you won’t find anywhere else.

1415 S Grant Avenue, Tacoma

Listing Broker: John L. Scott Des Moines; Cari Franklin; 206-650-6683; carifranklingroup@outlook.com

$405,000

2 Beds ⋅ 3 Baths ⋅ 2590924 MLS ⋅ ACTIVE Status

The Cezanne at Galleria Condominiums stands out with a contemporary three-level layout and four off-street parking spaces near Downtown Tacoma. Designed with the artisan in mind, The Galleria brings artistic perspective to contemporary living, with each residence named after a celebrated artist. Thoughtful use of space, distinctive angles and architectural details gives each home its own character, creating a sense of openness, individuality and inspiration. The approximately 560 sq ft private two-car garage features east-facing windows and flexible space for hobbies, a personal gym or a workshop area. A dedicated driveway provides two additional parking spaces. On the main living level, wall-to-wall windows and balconies on both sides bring natural light into the flowing kitchen, dining & living areas. A mix of wood & metal throughout the home create an unmistakably “Grit City” feel, complemented by hardwood floors, maple cabinets & granite countertops. At the top level, the primary bedroom’s vaulted ceilings rise to 15 ft. Enjoy views of Mt. Rainier and the Tacoma Dome from this upper level. An additional bedroom can serve as an office or guest bed. A 5-pc ensuite, 3/4 bath and w/d share the top floor, bringing everyday convenience to this distinctive layout. Fresh interior paint, freshly cleaned carpet and newer kitchen appliances make this home move-in ready. HOA covers water & sewer. Convenient access to restaurants, museums, retail, UW Tacoma, transit and I-5.

2520 Jefferson Avenue Unit #C, Tacoma

Listing Broker: Paramount Real Estate Group; Jumaane Sablan Cabrera; 360-990-6583; jumaanerealestate@gmail.com

$350,000

3 Beds ⋅ 1 Baths ⋅ 2577285 MLS ⋅ ACTIVE Status

Updated Downtown home perfect for first-time buyers or investors! Enjoy true peace of mind in this affordable and turn-key home featuring fresh paint and new flooring throughout. The modern kitchen highlights brand-new Stainless Steel appliances, new countertops, and freshly painted cabinetry. A large primary bedroom fills with tons of natural light, while two additional bedrooms sit conveniently on the same level. The updated bathroom offers charming finishes, including a classic clawfoot tub. This property boasts a new electrical panel, a new furnace, a new hot water heater, and a brand-new roof and chimney. Outside, you will find a spacious backyard with a gazebo that is perfect for entertaining. The property also features alley access, off-street parking, and the gazebo that is large enough to serve as a covered parking pad. Situated just steps from local restaurants, cafes, and public transit! This versatile property is zoned Downtown Residential (DR).

2312 S G Street, Tacoma

Listing Broker: Great NW Real Estate LLC; Samantha Clifton; 425-281-6469; sjc.homes@outlook.com

$470,000

3 Beds ⋅ 3 Baths ⋅ 2576043 MLS ⋅ ACTIVE Status

Move-in Ready! This inviting 3-bedroom, 3-bath home offers a functional open layout with Kitchen, walk-in pantry overlooking the Living Room. The primary suite features a walk-in closet and private full bath. All new flooring and fresh paint throughout. Enjoy the convenience of an attached garage and fully fenced yard. Centrally located with easy freeway access. Within walking distance to the Link, Restaurants, Hospitals, and even Ice Cream Social. A great opportunity to enjoy comfort, convenience, and Tacoma living!

1320 S I Street, Tacoma

Listing Broker: Better Properties N. Proctor; Sheila Hixon; 253-209-9166; sheila.hixon@gmail.com

$376,000

3 Beds ⋅ 2 Baths ⋅ 2573701 MLS ⋅ ACTIVE Status

Remarkable upside and versatility in developing this double lot in the Hilltop Neighborhood of Tacoma, WA. Take advantage of the already demoed, turn-of-the-century home, in a neighborhood with lifestyle conveniences and significant urban upgrades in the works. Convert the single family home into a duplex, and garage (with sewer, water and electricity already connected) into a stand alone mother-in-law suite. Furthermore, subdivide the lot and mirror the development of the existing structures: here you have BOTH a renovation and building opportunity. The City of Tacoma has begun their Street Traffic Safety Enhancement Project on S 25th Street which includes: bikes lanes, ADA curb ramps and pedestrian enhancement. Not only is this a property prime for lucrative improvement, the local community is surrounded by established recreation and education landmarks that thrive. Build your next home or add this property to your investment portfolio. This is the place and property to complete your next renovation.

2320 S M Street, Tacoma

Listing Broker: Windermere Abode; Jenny Wetzel; 253-381-9788; Jenny@JennyWetzelHomes.com

$414,840

2 Beds ⋅ 2 Baths ⋅ 2555537 MLS ⋅ ACTIVE Status

Let's do this together...Imagine driving in your secure garage, pulling into 1 of 2 dedicated parking spots, taking the nearby elevator & arriving on the 5th floor & your new home. For just a minute, you forget how easy your commute was today, that you didn't have to worry about parking & all the boxes of things you don't need right now, because they are neatly stored in your dedicated, large storage unit on "M" floor. Oh, but wait...don't kick your feet up quite yet, are you planning on a swim or hot tub at the YMCA (just a few blocks away) or heading down for a cardio or lifting session in the Marcato Fitness Center on the main floor? Then it hits you, it's a perfect night to barbecue dinner in the Community Courtyard...where you can meet up with new & old friends alike! Let's be clear, you have choices on where to live in Downtown Tacoma; this is one you don't want to pass up! Close to the waterfront, I-5, Old Town, Point Ruston, restaurants, bars, Theatre District, UW Tacoma, Sounder, light rail & hospitals, this 2 bed/2 bath 1030sqft condo also has some surprises for you...from the high ceilings, to the big windows that let in lots of light, to the bonus stand-alone shower (in addition to 2 full baths), & even a little deck off your bedroom to step outside and soak in the sunshine and fresh air! VA Loan assumption option available, @3.65. Ask LA for details. Is this the one? Schedule your appointment today to find out, and then get ready to Reimagine Where You Call Home!

1501 Tacoma Avenue S Unit #513, Tacoma

Listing Broker: COMPASS; Melene Thompson; 206-313-1739; melene.thompson@compass.com

$499,999

1 Beds ⋅ 2 Baths ⋅ 2570455 MLS ⋅ ACTIVE Status

DOWNTOWN TACOMA LUXURY — AT AN EXCEPTIONAL VALUE! What if you could enjoy luxury downtown living, incredible amenities, and a prime Tacoma location without paying a premium price? Welcome to Unit 704 at 505 Broadway, one of Downtown Tacoma’s premier residential buildings. This beautifully maintained home combines classic elegance with modern comfort and offers the space, quality, and amenities today’s buyers are looking for. Inside, you’ll find: • Spacious primary suite • Versatile den — perfect for an office or flex space • Open-concept living & dining areas • Soaring ceilings & rich hardwood floors • Beautiful architectural details • Cozy gas fireplace • Slab granite countertops • Stainless steel appliances • NEW double oven • Wine refrigerator And then there are the amenities… Imagine heading upstairs to the spectacular Sky Lounge, where you can take in panoramic views of Commencement Bay and Mt. Rainier. Plus: Fitness center Hobby/game room Secure parking Additional storage Private 1-bedroom, 1-bath guest suite that can be reserved for visiting family and friends for up to six nights. And the location? It doesn’t get much better. Walk or easily access Downtown Tacoma restaurants, theaters, shopping, waterfront attractions, light rail, major freeways, and everything Tacoma has to offer. If you’ve been waiting for the right opportunity to make Downtown Tacoma your home, this one deserves a closer look.

505 Broadway Unit #704, Tacoma

Listing Broker: Keller Williams Rty Tacoma; Todd Pressley; 253-224-8633; toddpressley@kw.com

$305,000

1 Beds ⋅ 2 Baths ⋅ 2567776 MLS ⋅ ACTIVE Status

Welcome to the Picasso at the Galleria Condominiums! Located in "New Tacoma" with new restaurants, breweries, pickleball, shopping, and nightlife. Contemporary design with sunlight throughout including floor to ceiling windows, vaulted ceilings, exposed wood beams and fantastic views of the Mt Rainier and the Tacoma Dome! Oversized 1 bedroom, 1.5 bath with 5-piece bath off the master. Granite countertops, hardwood floors, new carpeting, and ceramic tile bath. 2 car garage with private entry into the unit. Easy access to Downtown Tacoma, 1-5, Light Rail & the Sounder! HOA covers water & sewer. Must see!

2520 Jefferson Avenue Unit #L, Tacoma

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

$418,999

3 Beds ⋅ 3 Baths ⋅ 2523359 MLS ⋅ ACTIVE Status

Awesome location nice views of the city and Mt. Rainier, perfect for a new home owner or even an investor! With no HOA, this homes offers a ton of flexibility. You will enjoy the peaceful comfort of the main level with nice fixtures and a floor plan that flows perfectly out to the private backyard area. All 3 spacious Bedrooms can be found upstairs with 2 full baths as a nice touch. This home is a commuters dream, literally 3 to 5 mins from I-5, making your work route easily accessible. Hurry on out and dont miss this opportunity to own this beauty in the heart of Tacoma!

1525 S G Street, Tacoma

Listing Broker: Best Choice Realty LLC; Anwar Thomas; 206-981-8934; anwar.j.thomas@gmail.com

$418,999

3 Beds ⋅ 3 Baths ⋅ 2499618 MLS ⋅ ACTIVE Status

1525 S G Street, Tacoma

Listing Broker: Best Choice Realty LLC; Anwar Thomas; 206-981-8934; anwar.j.thomas@gmail.com

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