Investor & developer opportunity in Tacoma! Welcome to 4609 S Thompson Ave, a property with strong potential for buyers looking to maximize value. The existing main home offers the opportunity to generate rental income while exploring future development options on the lot. With the possibility of adding 4-6 additional units, this property is ideal for investors, builders, or developers looking for a strategic project in an established Tacoma neighborhood. Conveniently located near local amenities, schools, parks, transit, and major commuter routes, this property offers both current income potential and long-term upside. Rent the main home while you work through permitting and development plans. Buyer to verify all zoning, feasibility, utility capacity, permitting, and development potential to their satisfaction. (UR3 Zone)
Active
Listed by: Tran Property Group • Ly Tran • 206-383-0697
Price cut: $59K (10/9)
$320,000
4609 S Thompson Avenue, Tacoma, WA 98408
4beds
1,274sqft
Single Family Residence
Built in 1925
6,499 Square Feet Lot
$-- Zestimate®
$251/sqft
$-- HOA
What's special
Existing main home
- --
- on Zillow
- 1,952
- views
- 247
- saves
Zillow last checked:
Listing updated:
Listed by:
Ly Tran 206-383-0697 ly@trangrp.com,
Tran Property Group,
Kevin Francis 206-383-0697,
Tran Property Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2527375
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 4
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom three quarter
- Level: Main
Bathroom full
- Level: Main
Heating
- Fireplace, Fireplace Insert, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Flooring: Vinyl Plank
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Electric, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,274
- Total interior livable area: 1,274 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Patio & porch: Fireplace
Lot
- Size: 6,499 Square Feet
Details
- Parcel number: 8935028480
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1925
- Major remodel year: 1925
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: South Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $381,700
- Annual tax amount: $6,147
- Date on market: 5/21/2026
- Listing terms: Conventional,FHA,Rehab Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Total actual rent: 3000
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
$2,602/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Price change | $320,000-15.6%$251/sqft |
Source:  NWMLS as distributed by MLS GRID #2527375 Report a problem | ||
| 7/30/2026 | Price change | $379,000-15.8%$297/sqft |
Source: NWMLS as distributed by MLS GRID #2527375 Report a problem | ||
| 6/18/2026 | Price change | $450,000-9.9%$353/sqft |
Source: NWMLS as distributed by MLS GRID #2527375 Report a problem | ||
| 5/21/2026 | Listed for sale | $499,500+56.1%$392/sqft |
Source: NWMLS as distributed by MLS GRID #2527375 Report a problem | ||
| 1/19/2024 | Sold | $320,000+44.7%$251/sqft |
Source: Public Record Report a problem | ||
| 11/15/2007 | Sold | $221,150+47.4%$174/sqft |
Source: Public Record Report a problem | ||
| 12/5/2006 | Sold | $150,000$118/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,103 -22.9% | $381,700 +12.1% |
| 2024 | $7,914 +105.3% | $340,600 -1.6% |
| 2023 | $3,856 -0.5% | $346,100 -7.2% |
| 2022 | $3,874 +8.9% | $372,800 +20.3% |
| 2021 | $3,556 +33.3% | $309,800 +30.3% |
| 2019 | $2,668 -7.8% | $237,700 +16% |
| 2018 | $2,892 +16.2% | $205,000 +12.1% |
| 2017 | $2,488 +13.6% | $182,900 +36.6% |
| 2016 | $2,191 | $133,900 +6.4% |
| 2014 | $2,191 +12.7% | $125,900 +7.7% |
| 2013 | $1,945 | $116,900 +5.6% |
| 2012 | -- | $110,700 -15.9% |
| 2011 | -- | $131,600 -6.6% |
| 2010 | -- | $140,900 -13% |
| 2009 | -- | $162,000 -6.5% |
| 2008 | $1,929 +0% | $173,300 +5.2% |
| 2007 | $1,929 +4786.7% | $164,700 +94.5% |
| 2002 | $39 | $84,700 |
| 2001 | -- | $84,700 +11% |
| 2000 | -- | $76,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South End
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