Sold for $710,000

$710,000

3502 S Madison St, Tacoma, WA 98409

2beds

1,640sqft

Single Family Residence

Built in 1911

5,662 Square Feet Lot

$509,700 Zestimate^®

$433/sqft

$2,969 Estimated rent

Home value

$509,700

$449,000 - $561,000

$2,969/mo

Zestimate^® history

Owner options

List your home for rent

$2,969/mo

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$2,969/mo

Rent Zestimate^®

Refinance and save

$4,439/mo

Est. payment

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$4,439/mo

Est. payment

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What's special

You won't want to miss this unique mixed-use property that blends income and opportunity: a profitable laundromat, two 1-bed/1-bath apartments, plus a detached building with three garage bays and two 10x10 storage units. Perfect for an owner-operator looking to live and work on site or an investor seeking strong cash flow with multi-use flexibility. Situated on a well-traveled corner in Tacoma, the property offers long-term stability and endless potential in a growing neighborhood. Seller is offering an option for Owner Financing, contact us for more information!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Electric

Features

Ceiling Fan(s)
Flooring: Concrete
Has basement: No

Interior area

Total structure area: 1,640
Total interior livable area: 1,640 sqft

Property

Features

Patio & porch: Deck

Lot

Size: 5,662 Square Feet

Details

Parcel number: 8050000060

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Roof: Composition

Condition

Year built: 1911

Community & HOA

Location

Region: Tacoma

Financial & listing details

Price per square foot: $433/sqft
Tax assessed value: $386,000
Annual tax amount: $4,210
Date on market: 9/23/2025
Lease term: Contact For Details
Electric utility on property: Yes

Price history

Date	Event	Price
12/4/2025	Sold	$710,000+407.1%$433/sqft
Source: Public Record Report a problem
5/27/2005	Sold	$140,000$85/sqft
Source: Public Record Report a problem
7/3/2003	Sold	$140,000$85/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,210 +2.8%	$386,000 +2.7%
2024	$4,096 +2.1%	$376,000 +4.4%
2023	$4,011 +1.7%	$360,100 -5.2%
2022	$3,945 +19%	$379,700 +31.5%
2021	$3,316 +18.7%	$288,800 +33.1%
2019	$2,793 -4%	$216,900 +1%
2018	$2,911 +16.1%	$214,700 +16.6%
2017	$2,508 +20.9%	$184,100 +36.1%
2016	$2,075	$135,300 +13.5%
2014	$2,075 +7%	$119,200 +10.1%
2013	$1,940	$108,300 -1.9%
2012	--	$110,400 -11.9%
2011	--	$125,300 -5.9%
2010	--	$133,200 -10.5%
2009	--	$148,900 -10.4%
2008	$1,950	$166,200 -0.2%
2007	$1,950 +29.1%	$166,500 +88.8%
2002	$1,511 +6.8%	$88,200
2001	$1,415	$88,200 +9.4%
2000	$1,415	$80,600