New Tacoma Homes under $500,000

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 diverse community, New Tacoma offers a perfect blend of urban convenience and suburban charm. With its tree-lined streets and historic architecture, this area is ideal for families, professionals, and anyone seeking a welcoming atmosphere.

One of the standout features of New Tacoma is its accessibility to a variety of amenities. Residents can enjoy proximity to local parks, trendy cafes, and eclectic shops, making it easy to embrace the local culture. The neighborhood is also home to several highly-rated schools, ensuring a quality education for families with children. For those who enjoy outdoor activities, the stunning waterfront along Commencement Bay is just a stone's throw away, offering picturesque views and recreational opportunities.

For homebuyers seeking affordability without compromising on quality, New Tacoma is a hidden gem. The neighborhood boasts a variety of charming homes priced under $500,000. From cozy bungalows to modern townhouses, there’s something to suit every taste and lifestyle. These homes often feature unique architectural details and are surrounded by a friendly community that makes you feel right at home.

Whether you're a first-time buyer or looking to downsize, New Tacoma presents an inviting opportunity to invest in a thriving neighborhood. With its rich culture, great amenities, and affordable housing options, it's no wonder that New Tacoma is becoming a sought-after destination for those looking to plant their roots in the Pacific Northwest. Come explore what makes New Tacoma a wonderful place to call home!

Newest New Tacoma Homes under $500,000

1501 Tacoma Avenue S Unit #406, Tacoma
$299,999
1 Beds ⋅ 1 Baths ⋅ 2597485 MLS ⋅ ACTIVE Status
Enjoy Tacoma city living in this light-filled "Corner Unit" Condo featuring an open floor plan, abundant windows, and city and territorial views! Extra privacy with just one shared wall off the kitchen and no neighbor directly across the hall. The spacious kitchen offers abundant cabinetry and counter space, complemented by beautiful LVP flooring throughout. Comfort and convenience include A/C with a wireless thermostat, in-unit full-size washer and dryer, newer hot water tank (2023), updated lighting switches, fresh interior paint (2021), and new blinds throughout (2022). Two secure tandem garage parking spaces and a 4x9 storage unit add exceptional value. The building features a fitness room, community room, theater, and shared patio. Enjoy an unbeatable walkable location near UW Tacoma, restaurants, breweries, coffee shops, hospitals, indoor pickleball, and museums. A wonderful place to call home—come see it today!

1501 Tacoma Avenue S Unit #406, Tacoma

Listing Broker: Redfin; Christine Hudson; 253-590-6440; christine.hudson@redfin.com

1111 N K Street Unit #105, Tacoma
$350,000
2 Beds ⋅ 1 Baths ⋅ 2593354 MLS ⋅ ACTIVE Status
Bright and updated ground-floor end unit in Tacoma’s desirable North Slope Historic District! The large windows fill the living room and bedrooms with natural light, while the updated kitchen features high-end appliances, a farmhouse sink, beautiful wood countertops, and ample storage. Two generously sized bedrooms and a fully updated bathroom offer a comfortable, functional layout. The in-unit washer and dryer are included, along with an assigned off-street parking space. Mirabella Court is an intimate 16-unit community with distinctive mid-century character and a shared courtyard with space for outdoor gatherings. Enjoy easy access to North End restaurants and pubs, Wright Park, Stadium District, Old Town, and the Ruston Way waterfront. A great opportunity to enjoy low-maintenance living in one of Tacoma’s most established neighborhoods. FHA-approved condominium!

1111 N K Street Unit #105, Tacoma

Listing Broker: COMPASS; Cam Jurgensen; 253-380-9250; cam.jurgensen@compass.com

1017 S I Street, Tacoma
$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

1415 S Grant Avenue, Tacoma
$489,950
4 Beds ⋅ 2 Baths ⋅ 2590916 MLS ⋅ ACTIVE Status
Beautifully renovated 4-bedroom, 2-bath Tacoma home offering modern finishes, flexible living spaces, and off-street parking. Step inside to discover fresh, neutral interiors, light oak luxury vinyl plank flooring, and a stunning updated kitchen featuring white oak shaker cabinetry, Calacatta Gold quartz countertops, and custom tile finishes. Both bathrooms have been beautifully updated with tiled tub and shower surrounds, complemented by stylish fixtures throughout. A unique ladder-accessed attic bonus space offers additional room for storage, hobbies, or a cozy hideaway. Outside, enjoy a spacious backyard with room for gardening, entertaining, or relaxing. An oversized detached garage provides parking and extra storage space, while the adjacent gravel parking pad offers room for a second vehicle or recreational parking. Conveniently located near shopping, transit, neighborhood amenities, and freeway access. With extensive updates, versatile spaces, and hard-to-find off-street parking, this move-in-ready home is ready for its next owner!

1415 S Grant Avenue, Tacoma

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

2520 Jefferson Avenue Unit #C, Tacoma
$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

1320 S I Street, Tacoma
$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

1501 Tacoma Avenue S Unit #513, Tacoma
$414,000
2 Beds ⋅ 2 Baths ⋅ 2555537 MLS ⋅ ACTIVE Status
Price drop, plus nearly $7,000 to help you make your move now! This condo could be your perfect match if you just landed a new job, are heading to UW Tacoma, or have fresh PCS orders to JBLM. The sellers are offering a $6,970 credit—use it toward your 2027 HOA dues, closing costs, or a rate buydown; your choice! Plus, qualified buyers can assume the VA loan at a rare 3.65% interest rate. Parking is effortless with two assigned, side-by-side spaces in the secure garage, just steps from the elevator to your 5th-floor home. Inside, you'll love the tall ceilings and expansive windows that let the natural light pour in. Radiant floor heating and an electric fireplace take the chill off winter nights, while central air conditioning easily handles those hot Tacoma summers. The thoughtful layout features two bedrooms and two full baths (including a bonus stand-alone shower), a full-size washer and dryer with extra pantry/utility storage, and a private balcony off the primary bedroom. A large, separate storage unit is also included. Marcato residents enjoy top-tier amenities, including a fitness center, community room, theater, and a courtyard with a BBQ. Enjoy ultimate urban convenience—walk to the YMCA pool, the Brewery District, wine tastings, the Theater District, UW Tacoma, and the waterfront. With the Sounder, light rail, and I-5 close by, your commute to JBLM or Seattle is a breeze. Is this the one? Come see for yourself and 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

505 Broadway Unit #704, Tacoma
$499,999
1 Beds ⋅ 2 Baths ⋅ 2570455 MLS ⋅ ACTIVE Status
DOWNTOWN TACOMA LIVING — ELEGANCE, AMENITIES & EXCEPTIONAL VALUE! Discover the best of downtown living at 505 Broadway, Unit 704! This beautifully maintained condo combines classic architectural character, modern comforts, and impressive building amenities in the heart of Tacoma. Inside, enjoy soaring ceilings, rich hardwood floors, beautiful architectural details, and an inviting open-concept living and dining area centered around a cozy gas fireplace. The spacious primary suite offers a relaxing retreat, while the versatile den is perfect for a home office or flex space. The kitchen features slab granite countertops, stainless steel appliances, a NEW double oven, and a wine refrigerator. THE BUILDING IS JUST AS IMPRESSIVE! Take in panoramic views of Commencement Bay and Mount Rainier from the spectacular Sky Lounge. Additional amenities include a fitness center, hobby/game room, secure parking, extra storage, and a private one-bedroom, one-bath guest suite available to reserve for visiting family and friends for up to six nights. ENJOY THE BEST OF DOWNTOWN TACOMA! Explore nearby restaurants, coffee shops, theaters, shopping, cultural attractions, and waterfront destinations. With convenient access to light rail and major freeways, the city and beyond are within easy reach. If you're looking for character, convenience, incredible amenities, and an exciting urban lifestyle, Unit 704 at 505 Broadway deserves a closer look. Experience downtown Tacoma living at its best!

505 Broadway Unit #704, Tacoma

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

2520 Jefferson Avenue Unit #L, Tacoma
$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

1525 S G Street, Tacoma
$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

1525 S G Street, Tacoma
$418,999
3 Beds ⋅ 3 Baths ⋅ 2499618 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

Start Your Search
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

How much is your home worth?

Get instant property value now!