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$285,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 597 Sq. Ft.
  • Updated 8 days ago

Listed by Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897

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Seller to BUY down your interest rate by 1% for 12 months! This light-filled 1-bedroom, 1-bath condo offers an easy, low-maintenance lifestyle in a convenient Tacoma location. Thoughtfully updated throughout, the home pairs classic hardwood floors with a fresh, modern aesthetic and an abundance of natural light from oversized windows. The beautifully remodeled kitchen features crisp white cabinetry, quartz counters, stainless appliances & generous storage, while the efficient floor plan makes excellent use of every square foot. A comfortable bedroom, sparkling updated bath, ductless mini-split for heating & cooling, and in-unit washer & dryer complete the package. Major building improvements include a brand-new roof plus updated electrical & plumbing, while the HOA includes water, sewer & garbage. Just blocks from Alling Park and with Pierce Transit Route 48 right outside, offering service between Lakewood and downtown Tacoma, this is an especially convenient home base for commuters. Close to downtown Tacoma, UW Tacoma, parks, restaurants, shopping, museums & entertainment. A fantastic opportunity for a first-time buyer, downsizer, or anyone looking for turnkey living without the upkeep! Ask about the rate buy down by seller preferred lender!

Full Property Details for 5435 S M St #201

General

  • Price: $285,000
  • HOA FEE: $254/month
  • Taxes: $782 (2025)
  • Status: Active
  • Type: Condo
  • Source: NWMLS
  • MLS ID: 2579819
  • Updated: 10/1/2026
  • Added to Site: 32 day(s) ago

Interior

  • Interior Features: Cooking-Electric, Dryer-Electric, Washer
  • Appliances: Dryer(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Hardwood, Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper - Full Baths: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedrooms Upper: 1

Other Rooms

  • Laundry: Electric Dryer Hookup, Washer Hookup

Parking

  • Parking Features: Off Street

Location

  • Area: 28 - Central Tacoma
  • County: Pierce
  • Subdivision: South Tacoma
  • Building Name: Wapato Condominiums
  • Driving Directions: From S 56th St, turn onto South M St, property is on the right

School Information

  • High School District: Tacoma
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Community

  • Association: Yes
  • Assoc. Fees Include: Sewer, Trash, Water
  • Units Assoc/Comm: 5

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless
  • Heating Type: Ductless, Wall Furnace

Structural Information

  • Structure Type: Condominium
  • Exterior Const.: Cement/Concrete, Stone
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 597
  • Year Built: 1946

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Features: Sidewalk

Financial Considerations

  • Association Fee: $254
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $782
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dryer(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 9011830030

Listed by Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897

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Schools serving 5435 S M St #201

School District:Tacoma Public Schools
NameGradesDistance
Mann Elementary School
1002 South 52nd Street, Tacoma, WA 98408
PK-50.2 mi
Angelo Giaudrone Middle School
4902 South Alaska Street, Tacoma, WA 98408
6-80.6 mi
Lincoln High School, Tacoma, WA
701 South 37th Street, Tacoma, WA 98418
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5435 S M St #201 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/08/2026
Listed
$285,000
-69.62%
MLS
8/28/2025
Sold
$938,000
—
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 5435 S M St #201

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11
—
$552,300
10%
2024
$11
—
$502,100
—
2024
$11
—
$503,300
10%
2023
$11
—
$457,600
4%
2022
$11
—
$440,900
-13%
2021
$11
—
$508,200
9%
2020
$11
22%
$466,400
5%
2018
$9
—
$444,500
—
2018
$9
12%
$443,900
—
2017
$8
14%
$443,900
5%
2015
$7
-100%
$422,800
5%
2014
$6,917
—
$402,400
—
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.

Estimate the Cost for 5435 S M St #201

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Listed by Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897

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5435 S M Street #201, Tacoma, WA 98408 (MLS# 2579819) is a Condo property with 1 bedroom and 1 full bathroom. 5435 S M Street #201 is currently listed for $285,000 and was received on September 08, 2026. Want to learn more about 5435 S M Street #201? Do you have questions about finding other Condo 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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