98405 Homes under $700,000

98405 Homes under $700,000

Welcome to Tacoma, Washington, specifically the vibrant zip code 98405! Nestled in Pierce County, this charming area offers a unique blend of urban convenience and natural beauty, making it an ideal place to call home.

Tacoma is renowned for its rich history, cultural attractions, and stunning waterfront views. The 98405 zip code encompasses a variety of neighborhoods, each with its own distinct personality. From the historic charm of the Stadium District to the artistic vibes of the Hilltop area, there’s something for everyone here. Residents enjoy easy access to local parks, museums, and an array of dining options that showcase the best of the Pacific Northwest.

For those seeking affordable housing in this dynamic city, you’ll be pleased to know that there are numerous homes available for under $700,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Tacoma’s real estate market offers a diverse selection of properties that fit various lifestyles and budgets. From cozy bungalows to modern townhomes, you can find the perfect space to create lasting memories without breaking the bank.

In addition to its affordability, the 98405 area boasts excellent schools, community engagement, and a welcoming atmosphere. With its ideal location, you’re just a short drive from Seattle, yet you can enjoy the unique charm and slower pace of life that Tacoma has to offer. Explore the possibilities of making Tacoma your home, and discover the vibrant lifestyle that awaits you in zip code 98405!

Newest 98405 Homes under $700,000

1948 S Hosmer Street, Tacoma
$499,000
4 Beds ⋅ 3 Baths ⋅ 2600592 MLS ⋅ ACTIVE Status
Built in 2021, this 1,856 sq ft Tacoma home features 4 bedrooms, 2.5 bathrooms, and no HOA fees. The main level offers a functional open-concept layout connecting the kitchen, dining, and living areas. The kitchen is equipped with stainless steel appliances, abundant cabinetry, and ample counter space. Directly off the main living area, both covered and open-air patios provide usable outdoor space year-round. The primary bedroom is located on the main floor and includes private patio access, a walk-in closet, and an en-suite bathroom. Upstairs contains three additional bedrooms, a full bathroom, and extra storage space, suitable for guest rooms or a home office. The property sits on a spacious, flat lot with rear alley access. Exterior amenities include a detached shop (potential for a workshop, gym, or future garage conversion—buyer to verify), dedicated RV parking, and ample off-street parking. Conveniently located minutes from I-5, major commuter routes, hospitals, parks, shopping, and local dining options.

1948 S Hosmer Street, Tacoma

Listing Broker: WRE Brokerage; Jake Stephen Nielsen-Gillihan; 206-788-5356; jakegillihan01@gmail.com

1620 S 9th Street, Tacoma
$695,000
2599949 MLS ⋅ ACTIVE Status
Wonderful duplex, with additional DADU potential in fantastic Central Tacoma location convenient to Downtown, Stadium District & 6th Ave. Each 2 bed, 1 bath unit features hardwood floors, SS appliances & washer/dryer hookups, plus generous loft areas great for office/flex space. The oversized front patio offers space to decorate or lounge during the beautiful sunny days & both units have a fully fenced back yard area with privacy fence separating the units. The partially finished basement/tandem garage under the left unit is perfect for covered parking, storage or finish it off for additional flex space. The best part might just be the 768sf garage/shop in the back with alley access & drive through garage doors. The city has partially approved a 2 bed, 2 bath DADU conversion with plans available. There is also a huge probability to split the lot & develop the back parcel with the garage. You don't want to miss the opportunity to add this great multifamily as a house hack or rental with the possibility to grow!

1620 S 9th Street, Tacoma

Listing Broker: Real Broker LLC; David Pichler; 626-222-0972; dap.mosaic@gmail.com

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

3313 S 7th Street, Tacoma
$520,000
3 Beds ⋅ 2 Baths ⋅ 2598918 MLS ⋅ ACTIVE Status
Welcome to 1905 Victorian charm reimagined for modern, sustainable living! Located just minutes from Tacoma’s vibrant 6th Avenue District, this light-filled 3-bed, 2-bath home blends historic character with a newer roof, new water heater, all appliances, insulated windows, new carpet and paint, ensuite primary bedroom, integrated solar panels, and an EV charger(!) Outside, the freshly landscaped lot offers off-street parking, two fenced pet areas, and versatile storage buildings. Classic style, great neighborhood, eco-conscious updates, and unbeatable pedestrian friendliness await! Make your appointment today!

3313 S 7th Street, Tacoma

Listing Broker: Evolution Real Estate Company; Rod Blackburn; 360-328-7467; rod@evolutionrealestate.co

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

1911 S Hosmer Street, Tacoma
$525,000
3 Beds ⋅ 2 Baths ⋅ 2597264 MLS ⋅ ACTIVE Status
This beautiful mid-century rambler features three good-sized bedrooms, two full bathrooms, and a fully finished basement. The main floor boasts an open-concept floor plan that connects the kitchen, dining & living room with real hardwood floors running throughout. Storage abounds in your kitchen with new, butcher block countertops.2 bedrooms and 1 full bathroom complete the main floor. French doors take you out onto your large, covered deck and massive backyard; ready for your unique touch. The fully finished basement includes a dedicated exterior entrance, new LVP flooring and a functional kitchenette. The lower level layout is finished out with 1 bedroom and 1 full bath; making it perfect for income production or multi generational living. The attached garage and generous driveway are a bonus while the mature garden is the cherry on top!

1911 S Hosmer Street, Tacoma

Listing Broker: COMPASS; Robin D Nichols; 253-632-5904; robin.nichols@compass.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

1214 Yakima Avenue Unit #A & B, Tacoma
$585,000
2595444 MLS ⋅ ACTIVE Status
Excellent investment opportunity in prime North Tacoma! Just steps away from UW Tacoma and Bates Technical College. This updated, turnkey duplex features versatile RCX zoning (buyer to verify) and exceptional potential. The vacant main unit is move-in ready and ideal for an owner-occupant or a savvy investor with prospective market rent projected at $2,400/mo. The upper unit is tenant-occupied on a 1-year lease at $1,200/mo, offering immediate cash flow with future rent potential of $1,800/mo. Major 2023 updates include fresh interior/exterior paint, new carpet, updated fixtures, plus a new fence and refreshed landscaping. Complete with 3 off-street alley parking spaces and a storage shed for each unit, this amazing property is ready to add immediate value to your portfolio! Unit B available to show after mutual contract. Partnering with Rate to offer an exclusive 15% down payment option with NO PMI. Keep your upfront costs low while eliminating monthly mortgage insurance, boosting monthly cash flow from day one. Reach out for full financing terms!

1214 Yakima Avenue Unit #A & B, Tacoma

Listing Broker: KW Mountains to Sound Realty; Carlie Hendrickson; 360-813-8873; carlie.pnwhomes@gmail.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

1433 S Stevens St, Tacoma
$529,999
3 Beds ⋅ 2 Baths ⋅ 2590820 MLS ⋅ ACTIVE Status
Come and “Fall” in Love with a BIG HOME, BIG LOT & PRIME CENTRAL TACOMA LOCATION! 2,190 Sq Ft | 9,750 Sq Ft Lot | Move-In Ready JUST COMPLETED — OCTOBER 2026!Welcome to this beautifully refreshed Central Tacoma home, with major improvements completed in October 2026, including a brand-new roof, water heater, flooring, vinyl windows, kitchen and bathroom updates, and freshly repaved backyard asphalt. Ideally located just minutes from HWY 16, Proctor District, Ruston Way Waterfront, Downtown Tacoma, St. Joseph Medical Center, and the newly built Mary Bridge Children’s Hospital, this home offers exceptional convenience and easy access to all that Tacoma has to offer. EASY REAR ACCESS & PARKING: From S Stevens St, turn right onto S 16th St, make a left, house is on the left side. The main level offers comfortable living spaces filled with natural light and a welcoming layout. The lower level adds valuable flexibility with a large finished room, gas fireplace/heater, 1/2 bath, and separate exterior entrance. Use it as a family room, home office, recreation space, guest area, hobby room, or potential rental space. Outside, the generous 9,750 sq ft lot provides plenty of room to enjoy, entertain, park an RV, and bring your future ideas to life. There is also additional yard space with potential for a future studio or ADU—buyer to verify requirements and feasibility. Come see it, fall in love, and make it yours! (Some photos have been virtually staged for illustrative purposes.)

1433 S Stevens St, Tacoma

Listing Broker: Keller Williams Realty PS; Tracy Nguyen; 626-428-6451; t.n.z@kw.com

3109 S 10th Street, Tacoma
$599,500
4 Beds ⋅ 2 Baths ⋅ 2591127 MLS ⋅ ACTIVE Status
Beautifully updated 4-bedroom, 1.75-bath home in a sought-after Central Tacoma location! Step inside to a spacious living room featuring soaring ceilings that create a bright, open, and inviting atmosphere. The updated kitchen shines with modern cabinetry, sleek quartz countertops, updated appliances, and ample workspace and storage. Chic remodeled bathrooms showcase stylish contemporary finishes. All-new flooring and fresh interior and exterior paint give this home a crisp, move-in-ready feel. The unfinished basement offers valuable bonus space with endless possibilities for storage, hobbies, a workshop, or future improvements. An attached garage adds convenience and functionality. Outside, enjoy a large, beautifully manicured, fully fenced lot with plenty of room for entertaining, gardening, pets, or play. A fantastic combination of modern updates, generous space, and an exceptional Central Tacoma location!

3109 S 10th Street, Tacoma

Listing Broker: Better Properties UP/Fircrest; Zach Flowers; 253-961-6933; zflowers1@gmail.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

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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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