South Tacoma Homes under $500,000

South Tacoma Homes under $500,000

Welcome to South Tacoma, a vibrant and welcoming 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, first-time homebuyers, and anyone looking to enjoy the best of Pacific Northwest living.

One of the standout features of South Tacoma is its affordability. With homes priced under $500,000, buyers can find a variety of options that suit their needs and budgets. From charming bungalows to spacious townhouses, the real estate market here is both accessible and diverse. Many homes boast inviting yards and are situated close to parks, making it easy to enjoy the outdoors with family and friends.

South Tacoma is also conveniently located near major highways and public transportation, providing easy access to downtown Tacoma and beyond. Residents can enjoy a wealth of local amenities, including shopping centers, restaurants, and entertainment venues. The neighborhood is home to several parks, such as South Tacoma Park and the scenic Wapato Park, offering plenty of opportunities for recreation and relaxation.

With its affordable housing options, friendly community vibe, and convenient location, South Tacoma is an ideal place to call home. Whether you’re seeking your first home or looking to invest in a rental property, this neighborhood has something for everyone. Come explore South Tacoma and discover the perfect place for you and your family to thrive!

Newest South Tacoma Homes under $500,000

7836 S Ainsworth Avenue, Tacoma
$387,000
4 Beds ⋅ 2 Baths ⋅ 2599644 MLS ⋅ ACTIVE Status
PERFECT OPPORTUNITY to rehab this 4 bedroom 2 bathroom 1920sqft - home in a well established neighborhood in South Tacoma. Exterior includes a wide variety of plants and fruit trees, outside seating areas and a private patio. It could be a beautiful sanctuary once more. The interior has a nice kitchen with eating space, a living room with a classic wood stove, a huge classic family room, a primary suite and an enclosed back patio. Bring your tool belt and your vision and bring this home back to life!! WHAT AN AWESOME AFFORDABLE OPPORTUNITY!! Buyer to verify all information to the buyer's satisfaction.

7836 S Ainsworth Avenue, Tacoma

Listing Broker: Realty One Group Bold; Chic Peri; 253-405-1325; chicperi@gmail.com

7225 S Bell Street, Tacoma
$317,500
2 Beds ⋅ 1 Baths ⋅ 2590844 MLS ⋅ ACTIVE Status
This 2-bedroom, 1-bathroom property offers a comfortable space with possibilities to improve it to be the affordable home you are looking for.. The functional layout provides flexibility for a variety of living arrangements, while the two bedrooms offer options for sleeping, working, or hobbies. Whether you're looking for your next home or an investment opportunity, this property is worth a closer look. Schedule your showing today and discover the possibilities

7225 S Bell Street, Tacoma

Listing Broker: Washington Realty Group; Jim Clifford; 253-826-7513; jimclifford@wrgpra.com

5918 S Cheyenne Street, Tacoma
$475,000
3 Beds ⋅ 2 Baths ⋅ 2597269 MLS ⋅ ACTIVE Status
Discover comfortable Tacoma living at 5918 S Cheyenne St, a well-maintained split-level home with three bedrooms and two bathrooms. Fresh paint and new plush carpet give the home a clean, move-in-ready feel. Upstairs, the bright living room has vaulted ceilings, a large bay window that fills the space with natural light, and a gas fireplace for cozy evenings. A ductless mini-split adds efficient, year-round comfort. The kitchen has generous oak cabinetry, a stone-look backsplash, and a side-by-side refrigerator. A skylight brightens the main bathroom. The lower level is a flexible space for a family room, home office, or guest area, with an adjoining bathroom and a dedicated laundry area. Outside, a covered deck looks out over a large, fully fenced backyard with lots of open lawn and mature landscaping, plus a storage shed, ready for gardening, play, pets, or summer barbecues. The durable metal roof gives long-term peace of mind, and the attached two-car garage and driveway offer plenty of parking. Close to shopping, dining, parks, schools, and major commuter routes.

5918 S Cheyenne Street, Tacoma

Listing Broker: Keller Williams Rty Tacoma; Matt Harber; 253-229-1329; matt@harberhomegroup.com

1677 S 51st Street, Tacoma
$385,000
3 Beds ⋅ 1 Baths ⋅ 2596357 MLS ⋅ ACTIVE Status
Welcome home to this beautifully updated Tacoma home! Ask about the assumable 3.375% interest rate! The heart of the home has been completely transformed creating a seamless, open-concept flow between the kitchen and the main living area. This airy, light-filled space is perfect for hosting friends or simply enjoying a quiet evening in a room that feels expansive and connected. The kitchen serves as a stylish centerpiece, overlooking the living space so you never have to miss a moment of the conversation. Throughout the home, thoughtful updates and a clean, modern aesthetic provide a move-in-ready experience. Outside, the property offers plenty of room to breathe, featuring a spacious and fully fenced yard that’s ready for your personal touch—whether that’s a vibrant garden or a space for weekend gatherings. Located with easy access to local amenities, freeways, shopping, restaurants, and transit, this home combines the best of comfort and convenience. It’s a rare find that manages to feel both cozy and remarkably open. This is truly a must-see home, schedule your tour today!

1677 S 51st Street, Tacoma

Listing Broker: COMPASS; Kyle Rossman; 253-691-8165; kyle.rossman@compass.com

4041 S Bell Street, Tacoma
$430,000
3 Beds ⋅ 1 Baths ⋅ 2596881 MLS ⋅ ACTIVE Status
Charming and lovingly maintained, this 1918 home in South Tacoma, offers 3 bedrooms and 1 bath across about 1,156 finished square feet. The flexible floor plan includes a main level bedroom, two generous upstairs bedrooms, and a flex space with built in cabinets that works well as a home office. The living space keeps its original wood paneling, which can be embraced as an ode to 1970s style or updated to reflect your own vision. An unfinished 816 square foot basement offers the opportunity to add living space and value, buyer to verify. Outside, the well maintained and fully fenced 7,378 square foot lot features blueberry bushes, alley access to a paved driveway, and a detached garage. Everyday conveniences are close by in the S 38th Street area, including Safeway, Peter's Grocery, Buddy's Chicken & Waffles, and La Cà 38th. A compelling option for a first time buyer or investor looking for character, room to renovate, and long term upside.

4041 S Bell Street, Tacoma

Listing Broker: Windermere Prof Partners; Bre Judge; 253-348-5177; brejudge@windermere.com

7424 Fawcett Avenue, Tacoma
$479,900
4 Beds ⋅ 1 Baths ⋅ 2593647 MLS ⋅ ACTIVE Status
Welcome to this inviting 4-bedroom, 1-bath South Tacoma home offering a great combination of space, convenience, and practical updates! With four bedrooms, there's flexibility for a home office, hobby room, or whatever fits your lifestyle. Recent improvements include a new roof on the upper level and an updated electrical panel. The detached 2-car garage with alley access provides plenty of room for parking, storage, or projects. You'll love the convenience of this location, with shopping, restaurants, grocery stores, and schools all nearby. Enjoy outdoor time at Wapato Park or Charlotte's Blueberry Park, and take advantage of easy access to Tacoma Mall, I-5, JBLM, and everything the South Sound has to offer. Whether you're looking for your first home, more room to spread out, or simply a convenient place to call home, this one is worth a closer look. Come see the possibilities for yourself!

7424 Fawcett Avenue, Tacoma

Listing Broker: COMPASS; Jim Swanson; 253-987-1778; jim.swanson@compass.com

427 S 54Th Street, Tacoma
$450,000
2 Beds ⋅ 1 Baths ⋅ 2593775 MLS ⋅ ACTIVE Status
Your home is waiting! This cottage style house with a fully finished basement is beautiful! Begin your tour by stepping onto the covered porch large enough for entertaining year round. Walk into the light and bright living room where you can spend the coming fall and winter evenings relaxing in front of your TV. The living room flows effortlessly into the eating area thru to the stylish kitchen with a built in bar allowing for more seating. The two bedrooms anchor the 3/4 fully remodeled bathroom for ease of accessibility and use. The fully finished basement awaits so many ideas from another living area, gameroom, or oversized bedroom; the options are limitless! This amazing house sits on a elevated corner lot with a large backyard just waiting for you to create an oasis mere feet from your backdoor. In addition, the home has up to 20 down payment assitance programs available, with many of them useable together up to $100K! It's location allows for walkability to amenities, schools, and more - you do not want to miss this opportunity, come make it yours today!

427 S 54Th Street, Tacoma

Listing Broker: Bascomb Real Estate Group; Nicole Bascomb; 206-250-3133; nicole@bascombrealestate.com

6127 Tacoma Avenue S, Tacoma
$385,000
3 Beds ⋅ 1 Baths ⋅ 2594822 MLS ⋅ ACTIVE Status
Welcome home to this wonderfully maintained rambler in Tacoma's South End! Step inside to discover beautiful hardwood floors, a warm and inviting living room, and large picture windows that fill the home with natural light. The charming kitchen features tile countertops, ample character, and a cozy dining area. The beautifully remodeled bathroom, completed in 2023, offers oversized tile flooring, a stylish tile surround, and a full-size soaking tub for relaxing at the end of the day. Step outside to enjoy the patio, ideal for summer barbecues, outdoor dining, or unwinding on those beautiful Pacific Northwest evenings. The attached carport provides convenient covered access directly into the home, along with additional storage space to keep everything organized. Major improvements include a new roof and fresh exterior paint in 2022, offering added peace of mind for years to come. Thoughtfully maintained and full of charm, this move-in-ready home is a fantastic opportunity to enjoy the benefits of homeownership!

6127 Tacoma Avenue S, Tacoma

Listing Broker: Pine & Proctor Properties; Mark DePaul; 253-370-1637; mark@pineandproctor.com

4052 S 36th Street, Tacoma
$324,000
2 Beds ⋅ 1 Baths ⋅ 2593401 MLS ⋅ ACTIVE Status
Desireable corner Lot enjoys full sun & is just minutes form University Place, Fircreat & Central Tacoma. This classic stone home is fully fenced. 2BD 1 BA, Large living area with great windows that provide loads of natural light. Kitchen has driveay access which can handle 2 cars tandum. also ample street parking. Large storage building. Fun location provides easy access to great shopping, schools, medical, parks & freeway. Needs a little tlc to make it shine. Opportunity is knocking.

4052 S 36th Street, Tacoma

Listing Broker: Coldwell Banker Bain; McGriz McHugh-Griesmeyer; 253-208-0755; conniemchugh@cbbain.com

6626 s tyler, Tacoma
$389,000
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

3605 S K Street, Tacoma
$459,000
4 Beds ⋅ 2 Baths ⋅ 2585107 MLS ⋅ ACTIVE Status
Tacoma, WA 4BD 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. ADU can be built in back yard, check with City to Tacoma building department. Home next door has ADU in back yard.

3605 S K Street, Tacoma

Listing Broker: John L. Scott, Inc.; Lorraine B. Dill; 253-831-2944; lorrained@johnlscott.com

3320 S Asotin Street, Tacoma
$449,900
3 Beds ⋅ 3 Baths ⋅ 2590432 MLS ⋅ ACTIVE Status
Welcome to this bright and thoughtfully designed home featuring 3 bedrooms and 2.5 baths. The main level offers an easy, open flow between the living, dining, and kitchen spaces, with a convenient half bath for guests, creating a comfortable setting for everyday living and entertaining. Upstairs, the private primary suite includes its own full bath, while two additional bedrooms share a well-appointed hall bath. Outside, the fully fenced yard offers low-maintenance living, and the attached garage provides secure parking and storage. With quick access to local amenities and major commuter routes, this home delivers comfort, practicality, and a connected Tacoma lifestyle. VA assumable loan at a remarkable 2.25% interest rate (approximate balance of $280,000).

3320 S Asotin Street, Tacoma

Listing Broker: Best Choice Network LLC; Jackie Walters; 253-268-9573; jackiearizona123@gmail.com

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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.
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