South Tacoma Homes under $300,000

Welcome to South Tacoma, a vibrant and evolving 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 tree-lined streets and a variety of parks, this neighborhood is perfect for families, young professionals, and retirees alike.

One of the standout features of South Tacoma is its affordability. Here, you can find an array of charming homes priced under $300,000, making it an ideal location for first-time homebuyers or those looking to invest in a growing market. These homes often feature classic architectural styles, generous yards, and easy access to local amenities. From cozy bungalows to spacious townhomes, South Tacoma provides a range of options that cater to different lifestyles and preferences.

The neighborhood is well-connected, with convenient access to major highways and public transportation, making commuting to downtown Tacoma or Seattle a breeze. South Tacoma is also home to a variety of shopping, dining, and entertainment options, ensuring that residents have everything they need right at their fingertips.

Outdoor enthusiasts will appreciate the proximity to parks and recreational areas, including the beautiful South Tacoma Community Center, where you can enjoy sports, fitness classes, and community events.

Whether you're seeking a starter home or a peaceful retreat, South Tacoma offers a welcoming community and a promising real estate market. Explore the possibilities today and discover why so many are choosing to call South Tacoma home!

Newest South Tacoma Homes under $300,000

$250,000

1 Beds ⋅ 1 Baths ⋅ 2581146 MLS ⋅ ACTIVE Status

Don't miss this charming 1 bedroom, 1 bath home sitting on a generous lot with serious upside! Whether you're a first-time buyer, downsizing, or looking to invest, this property checks all the boxes. Inside you'll find a bright, functional layout that's easy to live in. The kitchen offers comfortable everyday functionality, & the living space flows naturally for low-maintenance living. The real story here is the lot — plenty of room to spread out, garden, or explore ADU/second dwelling potential (buyer to verify w/ City of Tacoma). Alley access at the rear opens up extra possibilities for parking, storage, or future development with some configuring. Located close to shopping, schools, & easy access to I-5. Schedule your showing today!

5015 S Thompson Avenue, Tacoma

Listing Broker: eXp Realty; Berklee Olson; 209-819-0528; berkleeo@gmail.com

$285,000

1 Beds ⋅ 1 Baths ⋅ 2579819 MLS ⋅ ACTIVE Status

Seller to BUY down your interest rate by 1% for 12 months! Lease to own option also available! This light-filled 1-bedroom, 1-bath condo offers an easy, low-maintenance lifestyle in a convenient Tacoma location. Thoughtfully updated throughout, the home pairs classic hardwood floors with a fresh, modern aesthetic and an abundance of natural light from oversized windows. The beautifully remodeled kitchen features crisp white cabinetry, quartz counters, stainless appliances & generous storage, while the efficient floor plan makes excellent use of every square foot. A comfortable bedroom, sparkling updated bath, ductless mini-split for heating & cooling, and in-unit washer & dryer complete the package. Major building improvements include a brand-new roof plus updated electrical & plumbing, while the HOA includes water, sewer & garbage. Just blocks from Alling Park and with Pierce Transit Route 48 right outside, offering service between Lakewood and downtown Tacoma, this is an especially convenient home base for commuters. Close to downtown Tacoma, UW Tacoma, parks, restaurants, shopping, museums & entertainment. A fantastic opportunity for a first-time buyer, downsizer, or anyone looking for turnkey living without the upkeep! Ask about the rate buy down by seller preferred lender!

5435 S M Street Unit #201, Tacoma

Listing Broker: Commencement Bay Brokers LLC; Nicolas Lind; 253-851-2897; nic@commencementbrokers.com

$295,000

1 Beds ⋅ 1 Baths ⋅ 2560249 MLS ⋅ ACTIVE Status

Charming post-war cottage on a large, level lot in South Tacoma, brimming with potential for homesteaders, gardeners, and builders alike! Set far back from the street, the home has a gable roofline and brick chimney. Inside you’ll find a bright living room with a mountain mural and arched built-in, an open dining room and kitchen, a ¾ bath, a laundry nook with stacked washer/dryer, easy-care flooring throughout, and an airy loft-style bedroom upstairs. Outside, mature fruit and shade trees, raised flower beds, a chicken coop, a spacious shed, and a big fire pit make the yard ready for entertaining. Live in the home while exploring a DADU opportunity at the front of the lot (buyer to verify feasibility), or use the space to create the garden of your dreams. Alley access to two driveway spots plus plentiful off-street parking. New sewer line in 2025!

509 S 60th Street, Tacoma

Listing Broker: Realty One Group Turn Key; Robyn Rodriguez; 253-376-7128; robynrodriguezrealestate@gmail.com

$295,000

4 Beds ⋅ 1 Baths ⋅ 2561492 MLS ⋅ PENDING SHORT SALE Status

Short Sale. Solidly built and maintained home, proudly owned and cared for by military personnel. Features alley access with strong DADU potential, offering excellent upside for added income or value. The spacious laundry room provides an opportunity to add a second bathroom, enhancing functionality and resale appeal. Two additional bedrooms are located on the second story, creating a flexible layout ideal for rental or owner-occupant strategies. A great opportunity for investors seeking long-term value and expansion potential.

6441 S Prospect Street, Tacoma

Listing Broker: Keller Williams Rlty Bellevue; Ara Hakobyan; 425-241-5753; arah@kw.com

$229,888

2 Beds ⋅ 2 Baths ⋅ 2556064 MLS ⋅ ACTIVE Status

Tucked away in the peaceful Whispering Firs community, this charming end-unit townhome offers an exceptional opportunity to enjoy comfortable living in a location that keeps everything within easy reach. Rarely available, the thoughtfully designed two-story floor plan features two generously sized bedrooms, 1.5 baths, and inviting spaces that make everyday living feel effortless. The spacious living area opens to a private, fully fenced patio—perfect for morning coffee, outdoor dining, or simply unwinding at the end of the day—while the primary bedroom enjoys its own private balcony for a quiet retreat. A flexible circular layout, abundant storage, and all appliances included make moving in easy. Two assigned parking spaces, plentiful guest parking, and low monthly dues of just $300, including water, sewer, and garbage, add to the home's outstanding value. Quietly tucked away from the street, yet just minutes from I-5, the Sounder Station, shopping, dining, parks, golf courses, and everyday conveniences, this home delivers the perfect blend of privacy, affordability, and accessibility. With no rental cap, it also presents an excellent investment opportunity for the future.

4819 S 56th Street Unit #1, Tacoma

Listing Broker: John L. Scott, Inc; See Ly; 206-380-5526; seely@johnlscott.com

$295,000

3 Beds ⋅ 1 Baths ⋅ 2491372 MLS ⋅ ACTIVE Status

Investor opportunity with strong upside potential. This property is ideal for a rehab loan, renovation project, or flip. Add value through updates and improvements. Great option for investors looking to renovate and resell, or for buyers ready to build equity through a remodel. Property offers the chance to reimagine the space and maximize value in a desirable Tacoma location. Sold as is.

1660 S 42nd Street, Tacoma

Listing Broker: Kelly Right RE of Seattle LLC; Angelia Porietis; ; Angie.philley@comcast.net

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South Tacoma Homes under $300,000

Newest South Tacoma Homes under $300,000

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