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$575,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Partial Bath
  • 1,311 Sq. Ft.
  • Updated 1 hour ago

Listed by Don J. Karstedt | Rethinking Real Estate LLC | (253) 987-6789 and Susan K. Karstedt | Rethinking Real Estate LLC | (253) 987-6789

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5318 40th Street E, Tacoma, WAVideo Tour of 5318 40th Street E, Tacoma, WA.
Set on approximately 1.34 acres, this special property offers privacy, space, & a setting that feels removed from the rush of daily life while remaining just minutes from I-5 and Highway 167. Mature trees along the front and side of the property create a natural buffer, giving the home a peaceful, tucked-away feel with room to grow, explore, and create. The 1,311-square-foot home features two bedrooms and a 3/4 bath, with a remodeled kitchen & bathroom that balance modern updates with the home's early-1900s character. The kitchen includes new stainless steel appliances, making it both functional & inviting. From the home, back deck, & backyard, enjoy scenic views of Mount Rainier that add a quiet sense of place to everyday living. Comfort & efficiency are thoughtfully addressed with a tankless water heater, propane heat, and supplemental electric heat. A true highlight is the detached three-car garage, offering far more than parking. It features updated electrical, its own water heater, hot & cold water, a refrigerator, ample storage, and a large loft area above, ideal for hobbies, a workshop, or creative use. An attached greenhouse expands the possibilities even further, whether you enjoy gardening, projects, or simply having a flexible bonus space. Outdoors, the property includes a chicken coop and an additional storage shed, reinforcing the versatility of this 1.34-acre setting. The home is connected to Summit Water, a rare and valuable feature in this area.

Full Property Details for 5318 40th St E

General

  • Price: $575,000
  • Taxes: $5,163 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2469633
  • Updated: Today (1/19/2026)
  • Added to Site: Today

Interior

  • Interior Features: Ceiling Fan(s), Fireplace, Loft, Security System, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Generator
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Pellet Stove
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Main Floor Baths: 1
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Additional Information

  • Amenities: Cable TV, Deck, Fenced-Partially, Gas Available, Green House, High Speed Internet, Outbuildings, Propane, RV Parking
  • Security/Safety: Partially Fenced, Security System

Parking

  • Garage: Yes
  • Covered Spaces: 3
  • Uncovered Spaces: 15
  • Parking Features: Driveway, Detached Garage, RV Parking

Location

  • Area: 79 - Puyallup
  • County: Pierce
  • Subdivision: Tacoma
  • Driving Directions: Heading East on River Rd, turn right onto 50th Ave E then left onto 40th Ave E to house on right.

School Information

  • High School District: Puyallup
  • Elementary School: Waller Road Elem
  • Middle School: Aylen Jnr High
  • High School: Puyallup High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Stove/Free Standing, Wall Unit(s)

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Metal/Vinyl, Wood
  • Basement Desc.: None
  • Foundation: Block, Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 1,311
  • Finished Total: 1,311 Sq. Ft.
  • Year Built: 1907

Lot Features

  • Property View: Mountain(s)
  • Lot Size (Acres): 1.3365
  • Lot Size (Sq. Ft.): 58,216
  • Lot Size Source: Public
  • Topography: Level
  • Lot Features: Open Space, Paved
  • Trees/Vegetation: Fruit Trees, Garden Space

Financial Considerations

  • Tax Amount: $5,163.8
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 320134058

Listed by Don J. Karstedt | Rethinking Real Estate LLC | (253) 987-6789 and Susan K. Karstedt | Rethinking Real Estate LLC | (253) 987-6789

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Schools serving 5318 40th St E

School District:Puyallup School District
NameGradesDistance
Waller Road Elementary School
6312 Waller Road East, Tacoma, WA 98443
PK-61.5 mi
Aylen Jr High School
101 15th Street Northwest, Puyallup, WA 98371
6-94 mi
Puyallup High School
105 7th Street Southwest, Puyallup, WA 98371
9-124.5 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 5318 40th St E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/19/2026
Listed
$575,000
101.75%
MLS
12/27/2016
Sold
$285,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5318 40th St E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,164
11%
$458,700
8%
2024
$4,650
5%
$423,500
-1%
2023
$4,442
—
$428,400
17%
2022
$4,454
2%
$366,100
11%
2021
$4,359
6%
$328,400
7%
2020
$4,117
5%
$307,800
8%
2018
$3,909
—
$284,000
10%
2018
$3,909
579%
$259,300
56%
2017
$576
9%
$166,000
11%
2016
$529
13%
$149,700
17%
2015
$470
5%
$127,700
9%
2014
$449
—
$117,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Don J. Karstedt | Rethinking Real Estate LLC | (253) 987-6789 and Susan K. Karstedt | Rethinking Real Estate LLC | (253) 987-6789

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5318 40th Street E, Tacoma, WA 98443 (MLS# 2469633) is a Single Family property with 2 bedrooms, 0 full bathrooms and 1 partial bathroom. 5318 40th Street E is currently listed for $575,000 and was received on January 19, 2026. Want to learn more about 5318 40th Street E? Do you have questions about finding other Single Family real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

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