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$359,000
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Property Description
Seller to BUY down your interest rate by 1% for 12 months! This light-filled Tacoma condo offers an incredible opportunity for first-time buyers, commuters, investors, or anyone looking for low-maintenance living in a central location. Beautiful interior featuring gorgeous hardwood floors, crisp modern finishes & brand-new Milgard windows that fill the home with natural light. The stunning remodeled kitchen features quartz countertops, new cabinetry, stainless appliances & a charming dining area surrounded by windows. Two generous bedrooms offer flexibility, while the updated full bath continues the clean, contemporary aesthetic. The building has also benefited from significant improvements including a brand-new roof, updated electrical & updated plumbing, adding tremendous value beyond the unit itself. Low monthly HOA dues include water, sewer & garbage. Leave the car behind! A Pierce Transit Route 48 stop is right outside, providing convenient service toward downtown Tacoma and Commerce Street, with connections to the T Line and Tacoma's broader transit network. Bike lanes add another commuting option, while nearby parks, neighborhood restaurants, shopping and everyday amenities make this an exceptionally convenient home base. Close proximity to downtown Tacoma, UW Tacoma, and museums, are all within easy reach. Turnkey, stylish & affordable-with major building improvements already completed and an HOA that covers key utilities. Ask about a rate buy down!
Full Property Details
Full Property Details for 5435 S M St #202
General
- Price: $359,000
- HOA FEE: $332/month
- Taxes: $1,017 (2025)
- Status: Active
- Type: Condo
- Source: NWMLS
- MLS ID: 2579831
- 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: 2
- Bedrooms Upper: 2
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: GPS directions are accurate.
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: 5
- Square Feet: 777
- Year Built: 1946
Unit Information
- Units in Building: 5
Lot Features
- Lot Features: Paved, Sidewalk
Financial Considerations
- Association Fee: $332
- Assoc Fee Freq.: Monthly
- Tax Amount: $1,017.87
- 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: 9011830040
Listed by Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897
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Schools
Schools serving 5435 S M St #202
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
Mann Elementary School 1002 South 52nd Street, Tacoma, WA 98408 | PK-5 | 0.2 mi |
Angelo Giaudrone Middle School 4902 South Alaska Street, Tacoma, WA 98408 | 6-8 | 0.6 mi |
Lincoln High School, Tacoma, WA 701 South 37th Street, Tacoma, WA 98418 | 9-12 | 1.3 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 #202
Date
Details
Price
Change
Source
9/08/2026
Listed
$359,000
-61.73%
MLS
8/28/2025
Sold
$938,000
—
Public Record
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
Tax History for 5435 S M St #202
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
—
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
Estimate the Cost for 5435 S M St #202
5435 S M Street #202, Tacoma, WA 98408 (MLS# 2579831) is a Condo property with 2 bedrooms and 1 full bathroom. 5435 S M Street #202 is currently listed for $359,000 and was received on September 08, 2026. Want to learn more about 5435 S M Street #202? 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.

