South Tacoma Homes under $500,000

Welcome to South Tacoma, a vibrant and inviting subdivision 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, making it an ideal place for families, professionals, and anyone seeking a welcoming neighborhood.

One of the standout features of South Tacoma is its affordability. With a variety of charming homes available for under $500,000, this area presents an excellent opportunity for first-time homebuyers and those looking to invest in property without breaking the bank. From cozy bungalows to spacious townhomes, the real estate options in South Tacoma cater to a wide range of tastes and lifestyles, ensuring that everyone can find their perfect match.

The neighborhood is characterized by tree-lined streets, parks, and a strong sense of community. Residents enjoy easy access to local amenities, including shopping centers, restaurants, and recreational facilities. South Tacoma is also well-connected to public transportation and major highways, making commuting to downtown Tacoma and beyond a breeze.

For families, South Tacoma boasts several well-rated schools and family-friendly activities, including nearby parks and playgrounds. The community frequently hosts events that foster connection and camaraderie among neighbors, enhancing the overall quality of life.

If you're looking for an affordable yet charming place to call home in Tacoma, South Tacoma is an excellent choice. Explore the available homes today and discover the perfect blend of comfort, community, and convenience that awaits you in this delightful neighborhood!

Newest South Tacoma Homes under $500,000

$195,000

1 Beds ⋅ 1 Baths ⋅ 2589379 MLS

Nice central location for this one bed and one bath home on a nice level lot. This home needs updating but it is priced to sell. Alley access to one car detached garage. Close to all amenities and I-5.

6814 S Lawrence Street, Tacoma

$425,000

4 Beds ⋅ 1 Baths ⋅ 2586981 MLS ⋅ South Park 1st Addition BLDG.

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

$369,548

2 Beds ⋅ 1 Baths ⋅ 2588567 MLS ⋅ Fernland BLDG.

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

$430,000

4 Beds ⋅ 2 Baths ⋅ 2588221 MLS

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

$498,950

3 Beds ⋅ 3 Baths ⋅ 2588051 MLS

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

$399,950

4 Beds ⋅ 2 Baths ⋅ 2587911 MLS

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

$500,000

3 Beds ⋅ 2 Baths ⋅ 2581343 MLS

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

$456,000

3 Beds ⋅ 1 Baths ⋅ 2586739 MLS ⋅ Oakland Supplemental BLDG.

Stunning landscaping and pride of ownership throughout is evident with this beautiful example of an early 1900's craftsman style home. While this home boasts original hardwood flooring, kitchen cabinetry and windows there are modern features to ensure comfort; a gas tankless hot water heater, forced air furnace with central air conditioning, newer electrical panel and the roof is less than two years old. Sprinkler system in the yard. The bathroom has been totally redone with updated conveniences. The serene backyard features a patio with a fireplace and water feature. There's a fully insulated detached garage with shop plus plenty of driveway parking and possible room for a boat or RV. Easy access to highway sixteen and a short jaunt to downtown Tacoma and the waterfront. Also the sewer lines have been scoped and certified by the city this year.

4011 S Wright Avenue, Tacoma

$385,000

4 Beds ⋅ 2 Baths ⋅ 2586559 MLS

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!

9207 Yakima Avenue S, Tacoma

$315,000

1 Beds ⋅ 1 Baths ⋅ 2580809 MLS ⋅ Park Ave BLDG.

Big opportunity in a small package! This appealing South Tacoma home offers an affordable alternative to condo living—with your own fully fenced backyard and no HOA dues. The efficient 1-bedroom, 1-bath floor plan makes great use of its footprint and offers comfortable, manageable living. Recent improvements include a newer roof, exterior paint, updated electrical, new attic, crawl space insulation and vapor barrier. Outside, the fully fenced backyard provides plenty of room for pets, gardening, entertaining or simply enjoying your own outdoor space. The detached 1-car garage offers valuable parking, storage, hobby or workspace possibilities. Conveniently located with easy access to shopping, dining, commuting routes and everyday amenities. Bring your ideas and personal touches to make this home your own. Whether you're a first-time buyer, downsizing or looking for an affordable alternative to condo living, this is a great opportunity to start your next chapter!

510 S 58th Street, Tacoma

$375,000

2 Beds ⋅ 1 Baths ⋅ 2571749 MLS ⋅ Irrawaddy Park BLDG.

Welcome home to this charming 2-bedroom bungalow offering comfortable living, thoughtful updates, and an impressive amount of outdoor space! At 780 square feet, the home makes great use of its footprint with a bright, inviting living area that flows into the spacious kitchen, complete with ample cabinetry, granite countertops, stainless steel appliances, and plenty of room for everyday living. Two bedrooms and a 3/4 bath complete the interior, while recent maintenance adds peace of mind. The roof was replaced within the last two years and includes a transferable warranty, along with a newer hot water tank and recently painted exterior. Outside is where this property really shines! Situated on a generous 7,500 square foot fully fenced lot, the backyard offers plenty of room for pets, gardening, play, or simply enjoying the outdoors. A large patio and gazebo create a fantastic covered space for entertaining, summer barbecues, or relaxing year-round. The detached one-car garage provides valuable parking, storage, and additional flexibility. With easy freeway access for commuting and plenty of space inside and out, this move-in ready home is a wonderful opportunity to start your next chapter!

311 Judson Street S, Tacoma

$399,000

4 Beds ⋅ 1 Baths ⋅ 2579695 MLS

Incredible opportunity to own this beautifully kept, single-level home in the charming Manitou Grove neighborhood of South Tacoma. Offering four bedrooms and an ideal, functional floor plan, this home is filled with potential and ready for its next chapter. Enjoy inviting curb appeal, comfortable living spaces, and a fully fenced backyard with a spacious deck perfect for relaxing, entertaining, or creating your own outdoor retreat. Conveniently nestled between University Place and Lakewood, the home offers easy access to I-5 and Joint Base Lewis-McChord, along with nearby schools, parks, golf courses, shopping, dining, Tacoma Mall, Wapato Park, and major commuter routes. With endless possibilities to personalize and make it your own, this is a wonderful opportunity to enjoy easy one-level living in a convenient location. More photos to come!

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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.