South Tacoma Homes under $500,000

Welcome to South Tacoma, a vibrant neighborhood nestled in the heart of Tacoma, Washington. Known for its rich history and diverse community, South Tacoma offers a unique blend of urban convenience and suburban charm. With its tree-lined streets and friendly atmosphere, this area is perfect for families, young professionals, and anyone looking to enjoy the best of what Tacoma has to offer.

One of the standout features of South Tacoma is its affordability. Here, you can find a variety of homes under $500,000, making it an attractive option for first-time homebuyers and those seeking a cozy retreat without breaking the bank. Whether you’re looking for a quaint bungalow, a spacious single-family home, or a charming townhouse, South Tacoma has something to suit every taste and budget.

In addition to its appealing housing options, South Tacoma boasts a wealth of amenities. Residents enjoy easy access to local parks, schools, and shopping centers. The nearby South Tacoma Way is lined with eclectic shops and eateries, providing a delightful mix of culinary experiences and local businesses to explore. Plus, with convenient public transportation and major highways nearby, commuting to downtown Tacoma or other parts of Pierce County is a breeze.

South Tacoma is not just a place to live; it’s a community where neighbors become friends, and every day brings new opportunities for adventure. If you’re searching for an affordable home in a welcoming neighborhood, South Tacoma is the perfect place to call home. Come discover the charm of South Tacoma today!

Newest South Tacoma Homes under $500,000

$459,000

3 Beds ⋅ 2 Baths ⋅ 2593184 MLS ⋅ ACTIVE Status

Welcome home! This updated, single-story home is ready for a new owner! Brand new laminate floors, interior and exterior doors, new roof and skylights in 2019, exterior last painted in 2021, and new deck in 2022. Located just off I-5, this is an excellent home for commuters with shopping, restaurants, and schools nearby.

1777 S 92nd Street, Tacoma

Listing Broker: Tribeca NW Real Estate; Kara Gire; 970-412-4132; kara@tribecanw.com

$399,000

4 Beds ⋅ 2 Baths ⋅ 2592610 MLS ⋅ ACTIVE Status

Fresh on the market. 4 bedroom 2 bath. Move-in ready and packed with value, this Tacoma home delivers the space, updates, and location buyers are looking for. Enjoy a bright, open main level, an updated kitchen, and comfortable bedrooms designed for easy living. The large fenced yard offers endless possibilities — outdoor entertaining, pets, gardening, or future expansion. Located near major commuter routes, retail, parks, and schools, this home puts convenience at your doorstep. A solid opportunity for anyone to put time into to make this house shine back in a central Tacoma location.

6626 s tyler, Tacoma

Listing Broker: Cascade Home Group; Zachary Taylor; 253-389-2399; zaktaylorhomegroup@gmail.com

$299,999

3 Beds ⋅ 2 Baths ⋅ 2591975 MLS ⋅ ACTIVE Status

Welcome to 5910 S Verde Street in Tacoma! This 3-bedroom, 2-bath split-level home offers 1,379 square feet of living space on a 6,000-square-foot lot, providing a great opportunity to make this home your own. Built in 1983, the home features a comfortable and functional layout with a family room, fireplace, and wood deck for additional outdoor living space. The built-in garage provides approximately 356 square feet of additional parking and storage space. With three bedrooms and two full bathrooms, there's flexibility for home offices, guests, hobbies, or everyday living. Restore this home in a great location to its former glory. Sold AS IS and this is reflected in the price. Situated in Tacoma's Waller Estates neighborhood, this property offers an opportunity for buyers looking to add their own updates and personal touches while building equity over time. Bring your ideas and make this Tacoma home your own!

5910 S Verde Street, Tacoma

Listing Broker: BCR LLC; Christel EM Osterstrom; 425-753-0950; christelosterstromre@gmail.com

$399,000

3 Beds ⋅ 3 Baths ⋅ 2582889 MLS ⋅ ACTIVE Status

3 bedroom 2.5 bath home with large fenced yard, gas fireplace, ceiling fans, walk-in closets, utility room up stairs, New roof 2 years ago, in well maintained neighborhood. 2 car garage and large shed/work room in back yard. Bring your tool belt and paint brushes, sweat equity possible.

9029 S J Street, Tacoma

Listing Broker: Highest Offer; Dan Rowley; 206-550-9606; Dan.Rowley1@outlook.com

$365,000

4 Beds ⋅ 2 Baths ⋅ 2592054 MLS ⋅ ACTIVE Status

Fantastic value in South Tacoma! This spacious 4-bedroom, 1.5-bath rambler offers a functional single-level layout, a large lot, and an abundance of parking. Step inside to hardwood floors extending through the entry, living area, and bedrooms. The inviting living room features a cozy fireplace and an A/C and heating wall unit, while ceiling fans in all four bedrooms provide additional comfort. The kitchen features granite countertops, and vinyl double-pane windows add to the home's everyday functionality. Outside, enjoy a fully fenced backyard with plenty of room to relax, garden, or entertain. A covered patio provides a great outdoor gathering space, while two storage sheds offer additional room for tools and equipment. The expansive driveway provides plenty of parking, including RV parking, with additional street parking is also available. Conveniently located near shopping, schools, and highway access, this home offers an excellent combination of space, location, and value. With some TLC and plenty of potential to make it your own, this is a great opportunity for an owner-occupant or investor looking for a South Tacoma property with room to add value. Don't miss this opportunity! Offer review date is on Monday, 10/12/26 at 2pm. We will be accepting the highest/best offer.

9207 Yakima Avenue S, Tacoma

Listing Broker: eXp Realty; Sheng Lam; 206-351-2652; Sheng.Lam@exprealty.com

$459,000

4 Beds ⋅ 2 Baths ⋅ 2585107 MLS ⋅ ACTIVE Status

Tacoma, WA 4BD 1.5BA 1/1/2 story W/full walk out basement/adequate head room. Two additional rooms-main floor with closets and windows. Currently washer and dryer in one room, move washer and dryer to basement to free up the room. HOUSE FIRE DEC 2024. SELLER OUT OF THE HOME FOR ONE YEAR WHILE HOME REBUILT. Insurance company put 400K back into the home. New siding, new windows, new slider, new walls, new doors/trim, new flooring, new paint, new lighting and new kitchen. New heat pump and new deck. Come and view this beautiful home. Front porch stoop and side deck for evening sitting. Fully fenced back yard, with sliding fence off alley for entrance to the back of the property. Large fenced back yard.

3605 S K Street, Tacoma

Listing Broker: John L. Scott, Inc.; Lorraine B. Dill; 253-841-7000; lorrained@johnlscott.com

$425,000

4 Beds ⋅ 1 Baths ⋅ 2586981 MLS ⋅ ACTIVE Status

4 bedrooms, 1 full bathroom, hardwood floors, newer finishes throughout the home and a 6,000-square-foot lot. This 1,538-square-foot home offers plenty of natural light, an eat-in kitchen, large mudroom and a spacious primary bedroom. Upstairs, two additional bedrooms are joined by a versatile loft space. The detached garage/outbuilding adds useful extra space, and all appliances stay. Close to shopping, dining and freeway access.

5215 S Oakes Street, Tacoma

Listing Broker: Realogics Sotheby's Int'l Rlty; Venessa E Harper; 253-905-5563; venessa.harper@rsir.com

$369,548

2 Beds ⋅ 1 Baths ⋅ 2588567 MLS ⋅ ACTIVE Status

Classic 1927 Craftsman charm meets thoughtful updates in this inviting South Tacoma home. Bright living spaces, warm finishes, and a smart layout make the home feel comfortable and easy from the moment you walk in. The updated kitchen offers granite countertops, stainless appliances, abundant cabinetry, and plenty of room to cook, gather, and stay organized. A cedar-lined primary closet, in-home laundry, and a full bath with tub and shower add practical touches throughout. Outside, the covered front porch gives the home its welcoming Craftsman character, while the fully fenced backyard offers room to garden, entertain, or simply enjoy your own outdoor space. The level lot keeps things easy to use and maintain, and the detached garage with alley access adds valuable covered parking, workshop space, and storage for bikes, tools, hobbies, and gear. With no HOA and thoughtful use of space inside and out, this home feels practical, charming, and surprisingly versatile.

6622 S Warner Street, Tacoma

Listing Broker: eXp Realty; Christine Andreasen; 206-353-8787; Christine@candco.me

$430,000

4 Beds ⋅ 2 Baths ⋅ 2588221 MLS ⋅ ACTIVE Status

This spacious one-and-a-half-story, four-bedroom, one-and-a-half-bath home offers plenty of room, a VERY large lot, and endless potential to create the home you have been dreaming of. The expansive living room features a cozy fireplace and plenty of space for relaxing or gathering with friends. The lot this home sits on is 15,000 square feet. There’s room to grow, garden, entertain, and enjoy the outdoors. There are 2 separate garages. Plenty of parking or room for a shop or artist studio. Bring your ideas and make this property uniquely yours. Whether you are looking to create your dream home, build equity through improvements, or simply enjoy having space to spread out, this is a great opportunity to put your personal touch on a home with plenty of possibilities!

520 S 94th Street, Tacoma

Listing Broker: Realty One Group Turn Key; Nikki Carson; 253-444-8154; carson.n.r@gmail.com

$498,950

3 Beds ⋅ 3 Baths ⋅ 2588051 MLS ⋅ ACTIVE Status

From the adorable, covered front porch to the beautifully maintained interior, this charming 2005-built home has the warmth and character of an old home but with none of the worries. Step inside to graceful arched walls, a stunning wood accent wall, and hardwood floors. Spread out across two comfortable, main-floor living spaces, including one with a coved ceiling, newer carpet, and a cozy gas fireplace. The other is a great room combining the living space, dining room, and kitchen. The open kitchen offers a bar for extra seating, and ample cabinets. The main floor also features a super cute half bath and a rustic, roomy laundry room, along with a spacious L-shaped closet near the entry that offers tons of storage under the stairs. The primary suite is a true retreat with a coved ceiling, a walk-in closet, a spa-like ensuite bath with a skylight and undermount lighting, new carpet, new trim, and a private balcony. Two additional guest bedrooms have newer flooring, and an updated full bathroom with a skylight complete the upper level. The fully fenced backyard offers alley access, a newer metal gate, a storage building, a large patio, and a generous lot with DADU potential, giving you room to grow, garden, and park an RV. The two-car garage has a cozy bonus lounge space. Conveniently located near I-5, Joint Base Lewis-McChord, shopping, and restaurants, this is the one you have been waiting for. Pre-inspected and move-in ready. Some photos virtually staged.

7230 S Wapato Street, Tacoma

Listing Broker: Renaissance Real Estate LLC; Mandi Farmer; 206-380-4425; mandi@homesbymandi.com

$399,950

4 Beds ⋅ 2 Baths ⋅ 2587911 MLS ⋅ ACTIVE Status

Welcome to this charming 4-bedroom, 1.75-bath Craftsman home in Tacoma, perfectly situated on a corner lot! Step inside to discover 9-foot ceilings & an abundance of natural light throughout. LVP flooring flows through the living room & into the main-floor bedroom and dining room, creating a warm & inviting atmosphere. The second main-floor bedroom offers wonderful flexibility & can easily serve as a home office, hobby room, guest space, or additional living area. The kitchen is ready for everyday living & entertaining, featuring a gas cooktop, stainless steel appliances, & a spacious island perfect for meal prep or gathering with friends. A convenient utility room provides direct access to the backyard. Upstairs, you'll find two additional bedrooms, a ¾ bathroom, & a versatile loft space that can be used as a home office, playroom, or additional flex space. Recent updates include electrical improvements & updates to most of the plumbing. The full 1,000-square-foot basement offers even more possibilities, whether you need generous storage or envision creating additional living space. With its own exterior door, the basement provides convenient access & plenty of potential to make it your own. Centrally located with easy access to I-5, shopping, schools, & everyday amenities, this home combines character, flexibility, & opportunity in a convenient Tacoma location. Come see all this home has to offer & imagine the possibilities of making it your own!

5402 S K Street, Tacoma

Listing Broker: John L. Scott, Inc.; Jacob Lawrence; 253-282-9719; jacoblawrence@johnlscott.com

$500,000

3 Beds ⋅ 2 Baths ⋅ 2581343 MLS ⋅ ACTIVE Status

Tucked away on a private flag lot in South Tacoma, this 3-bedroom, 2-bath rambler blends modern style, everyday comfort, and a welcoming sense of home. Step inside and you’ll immediately notice the light-filled, open-concept layout designed for easy living and effortless entertaining. The stylish kitchen features quartz countertops, soft-close cabinets and drawers, and durable luxury vinyl plank flooring, while the cozy fireplace creates the perfect gathering spot in the living room. When it’s time to take the fun outside, simply open the door to the deck and let the living space flow into the backyard. Enjoy your morning coffee, watch play, host friends, or unwind at the end of the day in your own private setting. Year-round comfort is easy with a mini-split system offering heating and cooling, while the welcoming front porch, 2-car garage, partially fenced yard, and peaceful flag-lot location add even more to the appeal. Fresh, functional, and move-in ready—this is one you’ll want to see in person. Come take a look and imagine yourself calling it home!

8621 S M Street, Tacoma

Listing Broker: Keller Williams Realty; Michelle Guykema; 206-999-0510; mguykema@kw.com

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