98405 Homes under $500,000

98405 Homes under $500,000

Welcome to the vibrant and diverse community of Tacoma, Washington, nestled in the heart of Pierce County and home to the charming 98405 zip code. This area is a hidden gem that offers a perfect blend of urban convenience and natural beauty, making it an ideal place for families, young professionals, and retirees alike.

In 98405, you’ll find a variety of homes under $500,000, providing an excellent opportunity for first-time buyers or those looking to invest in the thriving Tacoma real estate market. Whether you’re seeking a cozy bungalow, a modern townhouse, or a classic craftsman, you’ll discover an array of options that cater to different tastes and lifestyles. The affordability of homes in this area allows residents to enjoy the comforts of homeownership without breaking the bank.

Living in Tacoma means you’re surrounded by a rich cultural scene, with art galleries, theaters, and music venues just a stone's throw away. Explore the picturesque waterfront along Commencement Bay, or take a leisurely stroll through the stunning Point Defiance Park, where you can immerse yourself in nature and enjoy breathtaking views. With a variety of dining options and local shops, there’s always something new to discover.

The 98405 zip code is not just about beautiful homes; it’s also about a strong sense of community and accessibility. With excellent schools and convenient public transportation, residents can easily navigate the city and beyond. Come explore the charm of Tacoma and find your dream home in this welcoming neighborhood!

Newest 98405 Homes under $500,000

1939 S L Street, Tacoma
$419,900
3 Beds ⋅ 2 Baths ⋅ 2599790 MLS ⋅ ACTIVE Status
1904 Hilltop Home with 3 Bedrooms and 1.25 Baths on a 0.11-Acre Lot. Move-in ready with fresh interior and exterior paint and new LVP and carpet throughout. On the main level, you will find the large living room with a ceiling fan and a box-beam ceiling, kitchen that offers new counters, stainless steel appliances, including a refrigerator, extra storage, a dining area, plus a 3/4 bath and bedroom. Upstairs, you’ll find 2 additional bedrooms, a 1/2 bath, a laundry area with washer & dryer included, and a bonus room that could serve as a 4th bedroom. Outside, you will find a deck and a large, fully fenced yard with alley access, offering plenty of parking and potential for a future DADU or garage. Close to St. Joe’s Hospital, transit, shopping, restaurants, parks, and more. Easy access to I-5 and JBLM. Don’t miss this one; see it today!

1939 S L Street, Tacoma

Listing Broker: Keller Williams Realty; Kristen Steinman; 253-691-1540; Kristen@KKSandAssociates.com

1717 S Oakes Street S, Tacoma
$385,000
3 Beds ⋅ 2 Baths ⋅ 2597818 MLS ⋅ ACTIVE Status
Offered as-is, this property presents an opportunity for buyers, investors, or renovators ready to bring their vision to life. The home requires work and updating, but offers the potential to create a customized residence or investment property in a desirable setting and sought after neighborhood. Buyers are encouraged to conduct their own inspections and due diligence. Seller will make no repairs or concessions. Bring your plans and explore the possibilities.

1717 S Oakes Street S, Tacoma

Listing Broker: Better Properties Real Estate; Alicia Hoskins; 253-324-4205; alicia@betterproperties.com

1218 S 25th Street, Tacoma
$265,000
2 Beds ⋅ 1 Baths ⋅ 2595568 MLS ⋅ ACTIVE Status
Bring your toolbox and imagination, and this could be a cute bungalow again with your sweat equity. 2-bedroom 1 bath with storage shed in fenced back yard. Don't hesitate to take a walk through, this home should go quickly.

1218 S 25th Street, Tacoma

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

3112 S Melrose Street, Tacoma
$449,500
2 Beds ⋅ 1 Baths ⋅ 2593021 MLS ⋅ ACTIVE Status
Enter through the door to a complete remodel. Newer roof, furnace, gutters, siding and attic is sheet rocked has new laminate flooring ready for your fin fishing touch....could be extra bedroom??? Alley access to 25' x 25' garage and shop / potential ADU. Large lot, zoned UR2 Near the NEW Franklin Elementary.

3112 S Melrose Street, Tacoma

Listing Broker: Better Properties NW; Ben Lieurance; 253-255-8742; benlieurance@icloud.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

1717 S 17th Street Unit #F, Tacoma
$475,000
3 Beds ⋅ 4 Baths ⋅ 2591776 MLS ⋅ ACTIVE Status
BRAND NEW CONSTRUCTION, SELLER CREDITS AVAILABLE. Mt. Rainier views in the heart of Tacoma. Offering approximately 1,700 square feet across three thoughtfully designed levels, this 3 bedroom, 3.25 bathroom townhome delivers space and functionality that's hard to find in new construction at this price point. A bathroom on every floor adds convenience and privacy throughout. The flexible lower level opens up even more possibilities, easily serving as a home office, guest suite, multigenerational space, workout room or additional lounge. Upstairs, comfortable bedrooms are set apart from the main living areas, with Mt. Rainier views adding a special touch. Step outside to your private patio, or take advantage of your own garage for secure parking and extra storage. This home sits on a divided lot, with an HOA covering shared services like trash and yard maintenance for low-maintenance living. HOA documents are available upon request. The location is hard to beat. Stanley Elementary sits directly across the street, with the Al Davies Boys & Girls Club and Stanley Playfield just steps away. St. Joseph Medical Center, Tacoma General, UW Tacoma, downtown Tacoma and Tacoma Link light rail are all nearby, with quick access to I-5 for an easy commute throughout the region. Take advantage of exclusive builder incentives and credits when financing through our preferred lender.

1717 S 17th Street Unit #F, Tacoma

Listing Broker: Northwest Investment Partners; Loundyne Hare; 206-850-7053; Loundyne@nipcre.com

1717 S 17th Street Unit #E, Tacoma
$449,000
3 Beds ⋅ 4 Baths ⋅ 2591737 MLS ⋅ ACTIVE Status
BRAND NEW CONSTRUCTION with space, flexibility and Mt. Rainier views in the heart of Tacoma. Offering approximately 1,700 square feet across three thoughtfully designed levels, this 3 bedroom, 3.25 bathroom townhome delivers space and functionality that's hard to find in new construction at this price point. The 2nd floor living level is built for everyday living and entertaining, with an open kitchen, generous living and dining areas, and plenty of room to gather. A bathroom on every floor adds convenience and privacy throughout. The flexible lower level opens up even more possibilities, easily serving as a home office, guest suite, multigenerational space, workout room or additional lounge. Upstairs, comfortable bedrooms are set apart from the main living areas, with Mt. Rainier views adding a special touch. Step outside to your private patio, or take advantage of your own garage for secure parking and extra storage. This home sits on a divided lot, with an HOA covering shared services like trash and yard maintenance for low-maintenance living. HOA documents are available upon request. The location is hard to beat. Stanley Elementary sits directly across the street, with the Al Davies Boys & Girls Club and Stanley Playfield just steps away. St. Joseph Medical Center, Tacoma General, UW Tacoma, downtown Tacoma and Tacoma Link light rail are all nearby, with quick access to I-5 for an easy commute throughout the region.

1717 S 17th Street Unit #E, Tacoma

Listing Broker: Northwest Investment Partners; Loundyne Hare; 206-850-7053; Loundyne@nipcre.com

1717 S 17th Street Unit #D, Tacoma
$449,000
3 Beds ⋅ 4 Baths ⋅ 2591696 MLS ⋅ ACTIVE Status
BRAND NEW CONSTRUCTION, SELLER CREDITS AVAILABLE. Mt. Rainier views in the heart of Tacoma. Offering approximately 1,700 square feet across three thoughtfully designed levels, this 3 bedroom, 3.25 bathroom townhome delivers space and functionality that's hard to find in new construction at this price point. A bathroom on every floor adds convenience and privacy throughout. The flexible lower level opens up even more possibilities, easily serving as a home office, guest suite, multigenerational space, workout room or additional lounge. Upstairs, comfortable bedrooms are set apart from the main living areas, with Mt. Rainier views adding a special touch. Step outside to your private patio, or take advantage of your own garage for secure parking and extra storage. This home sits on a divided lot, with an HOA covering shared services like trash and yard maintenance for low-maintenance living. HOA documents are available upon request. The location is hard to beat. Stanley Elementary sits directly across the street, with the Al Davies Boys & Girls Club and Stanley Playfield just steps away. St. Joseph Medical Center, Tacoma General, UW Tacoma, downtown Tacoma and Tacoma Link light rail are all nearby, with quick access to I-5 for an easy commute throughout the region. Take advantage of exclusive builder incentives and credits when financing through our preferred lender.

1717 S 17th Street Unit #D, Tacoma

Listing Broker: Northwest Investment Partners; Loundyne Hare; 206-850-7053; Loundyne@nipcre.com

1717 S 17th Street Unit #C, Tacoma
$449,000
3 Beds ⋅ 4 Baths ⋅ 2591532 MLS ⋅ ACTIVE Status
BRAND NEW CONSTRUCTION, SELLER CREDITS AVAILABLE. Mt. Rainier views in the heart of Tacoma. Offering approximately 1,700 square feet across three thoughtfully designed levels, this 3 bedroom, 3.25 bathroom townhome delivers space and functionality that's hard to find in new construction at this price point. A bathroom on every floor adds convenience and privacy throughout. The flexible lower level opens up even more possibilities, easily serving as a home office, guest suite, multigenerational space, workout room or additional lounge. Upstairs, comfortable bedrooms are set apart from the main living areas, with Mt. Rainier views adding a special touch. Step outside to your private patio, or take advantage of your own garage for secure parking and extra storage. This home sits on a divided lot, with an HOA covering shared services like trash and yard maintenance for low-maintenance living. HOA documents are available upon request. The location is hard to beat. Stanley Elementary sits directly across the street, with the Al Davies Boys & Girls Club and Stanley Playfield just steps away. St. Joseph Medical Center, Tacoma General, UW Tacoma, downtown Tacoma and Tacoma Link light rail are all nearby, with quick access to I-5 for an easy commute throughout the region. Take advantage of exclusive builder incentives and credits when financing through our preferred lender.

1717 S 17th Street Unit #C, Tacoma

Listing Broker: Northwest Investment Partners; Loundyne Hare; 206-850-7053; Loundyne@nipcre.com

1813 S 23rd Street, Tacoma
$369,950
2 Beds ⋅ 1 Baths ⋅ 2588849 MLS ⋅ ACTIVE Status
Offering 812 finished square feet above a 600-square-foot customizable basement perfect for additional living space or an ADU, this updated two-bedroom, one-bathroom home seamlessly blends bright, open layouts with classic charm like rounded ceilings. Modernized top-to-bottom with updated plumbing, electrical systems, refinished real hardwood floors, updated kitchen and a tankless water heater, the residence delivers true zero-maintenance peace of mind. Outside, the premium 6,500-square-foot lot creates a lush urban oasis featuring six apple trees, three fig trees, and a blueberry bush, alongside side-alley access and a large single-car detached garage. This move-in-ready property offers turn-key comfort alongside unlimited potential for growth.

1813 S 23rd Street, Tacoma

Listing Broker: Windermere Prof Partners; Greg Devey; 253-973-7786; gregdevey@windermere.com

2156 Yakima Court, Tacoma
$389,950
2 Beds ⋅ 3 Baths ⋅ 2584131 MLS ⋅ ACTIVE Status
Preferred lender offering 1% credit toward closing costs or rate buydown! Beautiful tri-level condo in the heart of Tacoma! Lower-level entry provides access to the 2-car tandem garage with extra storage. The main living level features an open layout, kitchen with maple cabinetry, pantry, gas cooktop, granite tile countertops, full-height tile backsplash, and NEW refrigerator included. The dining area opens to a private patio, perfect for morning coffee or entertaining. Relax in the cozy living room with gas fireplace, ceramic tile surround, and entertainment nook. A convenient ½ bath completes the main level. Upstairs, versatile flex space is ideal for an office, bonus room, or entertainment area. Utility nook includes NEW stackable washer/dryer. The spacious primary suite features vaulted ceilings, LVP flooring, and private ensuite with ceramic tile countertop, extended oval soaking tub, and pocket door. A generously sized guest bedroom and additional full bath provide comfortable accommodations. Enjoy newer LVP flooring (2022), newer gas water heater (2024), ceramic tile entry, composition roof, and durable HardiPlank exterior. HOA covers common area and road maintenance, garbage, water, and sewer. Walk to The Link Station! Centrally located with easy access to UW Tacoma, Downtown Tacoma, I-5, SR-509, Point Ruston, shopping, dining, entertainment, and more.

2156 Yakima Court, Tacoma

Listing Broker: Keller Williams Realty; Emma Gronholdt; 253-592-1572; emma@homecollectivenw.com

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