Active

Listed by: Tran Property Group • Ly Tran

Price cut: $71K (7/30)

$379,000

4609 S Thompson Avenue, Tacoma, WA 98408

4beds

1,274sqft

$2,384/mo

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Single Family Residence

Built in 1925

6,499 Square Feet Lot

$378,900 Zestimate^®

$297/sqft

$-- HOA

What's special

Existing main home

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)

103 days
1,197
127

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1
Main level bathrooms: 2
Main level bedrooms: 4

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: $297/sqft
Tax assessed value: $381,700
Annual tax amount: $6,147
Date on market: 5/20/2026
Cumulative days on market: 105 days
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

Estimated market value

$378,900

$360,000 - $398,000

$2,752/mo

Price history

Date	Event	Price
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