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!
Sold for $710,000
$710,000
3502 S Madison St, Tacoma, WA 98409
2beds
1,640sqft
Single Family Residence
Built in 1911
5,662.8 Square Feet Lot
$500,100 Zestimate®
$433/sqft
$3,126 Estimated rent
Home value
$500,100
$435,000 - $560,000
$3,126/mo
Zestimate® history
Owner options
List your home for rent
$3,126/mo
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$3,126/mo
Rent Zestimate®
Refinance and save
$4,297/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,297/mo
Est. payment
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Zillow last checked:
Source: John L Scott Real Estate,MLS#: 2445822
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 sqft
Details
- Parcel number: 8050000060
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Composition
Condition
- Year built: 1911
Community & neighborhood
Location
- Region: Tacoma
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 |
|---|---|---|
| 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 |
Find assessor info on the county website
Neighborhood: South Tacoma
Nearby schools
GreatSchools rating
- 7/10DeLong Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Hunt Middle SchoolGrades: 6-8Distance: 2.4 mi
- 2/10Foss High SchoolGrades: 9-12Distance: 0.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$500,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$500,100
- Washington
- Pierce County
- Tacoma
- 98409
- South Tacoma
- 3502 S Madison St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Tacoma Topics
