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$710,000
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Property Description
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!
Full Property Details
Full Property Details for 3502 S Madison St
General
- Sold For: $710,000
- Status: Closed
- Type: Industrial
- Source: NWMLS
- MLS ID: 2436738
- Added to Site: 117 day(s) ago
Interior
- Flooring: Concrete, Vinyl
Location
- Area: 46 - South Tacoma
- County: Pierce
- Subdivision: South Tacoma
- Driving Directions: From 16 take Exit 1C toward Sprague Ave, turn left. Turn left on S 35th St and then right onto S Madison St.
Heating & Cooling
- Heating Type: Ductless
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Unspecified
- Roof: Composition
- Loading: 1-3 Bays
- Year Built: 1911
Lot Features
- Lot Size (Acres): 0.1263
- Lot Size (Sq. Ft.): 5,500
- Zoning: Commercial, Residential
Financial Considerations
- Terms: Cash Out, Conventional, Owner Financing
Disclosures and Reports
- Special Conditions: None
- Property ID: 8050000060
Listed by Antonio R. Lopez | John L. Scott, Inc | (253) 852-9200
Sold by C.S. Leong | WPI Real Estate Services, Inc.
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Schools
Schools serving 3502 S Madison St
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
DeLong Elementary School 4901 South 14th Street, Tacoma, WA 98405 | PK-5 | 1.6 mi |
Truman Middle School 5801 North 35th Street, Tacoma, WA 98407 | 6-8 | 3.8 mi |
Foss High School 2112 South Tyler Street, Tacoma, WA 98405 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3502 S Madison St
Date
Details
Price
Change
Source
12/04/2025
Sold
$710,000
-11.24%
MLS
9/23/2025
Listed
$799,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3502 S Madison Street, Tacoma, WA 98409 (MLS# 2436738) is a Industrial property that was sold at $710,000 on December 04, 2025. Want to learn more about 3502 S Madison Street? Do you have questions about finding other Industrial real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

