$285,000
Est. $1,579/mo1 bd•1 ba•597 sq ft
5435 S M Street #201, Tacoma, WA 98408
• Listed Sep 8, 2026•31 days active · 31 cumulative
Listing Broker: Commencement Bay Brokers LLC; Nicolas Lind; 253-851-2897; nic@commencementbrokers.com
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Listing Broker: Commencement Bay Brokers LLC; Nicolas Lind; 253-851-2897; nic@commencementbrokers.com
About this home
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!
Listed by Nicolas Lind • Commencement Bay Brokers LLC
Listing updated: October 8, 2026 at 10:31am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2579819
Around this home
How much should you offer?
5435 S M Street #201, Tacoma, WA 98408
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Interior features
- Cooking-Electric
- Dryer-Electric
- Washer
Kitchen
- Dryer
- Stove(s)/Range(s)
- Washer
Bedrooms
- 1 bedroom total
- 1 upstairs
Bathrooms
- 1 full bathroom
Layout
- Condo (1 Level)
Laundry
- Electric Dryer Hookup laundry
- Washer Hookup laundry
Flooring
- Hardwood
- Vinyl Plank
Heating & cooling
- Ductless heating
- Wall Furnace heating
- Ductless cooling
Condominium facts
As entered by the listing broker on Northwest MLS
Building & HOA
- Building
- Wapato Condominiums
- Floor of unit
- 2
- Units in building
- 5
- Stories in building
- 2
- Co-op
- No
- Common interest community
- No
- HOA dues
- $254
- Dues frequency
- Monthly
- Dues include
- Sewer, Trash, Water
- Special assessment
- false
- Association contact
- Wapato Condominiums
- First right of refusal
- No
Rules
- Rental cap
- No Rentals
- Short-term rentals allowed
- No
- Pets
- See Remarks, Subject to Restrictions
- 55+ community
- No
Unit
- Access stairs
- 18
- Laundry
- Electric Dryer Hookup, Washer Hookup
Systems
- Energy source
- Electric
- Power production
- Electric
- Power company
- TPU
- Water company
- HOA
- Sewer company
- HOA
- Garbage service
- HOA
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 1
New construction
- Square footage source
- Owner
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
RexMont Site Report
What it is like to live at this address
Walkability, ground and noise, read from public records for this exact home.
RexMont Site Report
The members' report
Commute, transit, zoning and ADU potential and the places behind the score. One free registration opens every home on rexmont.com.
Opens with the report above.
Schools
Ratings via SchoolDiggerTacoma School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Sales & Tax Records for 5435 S M Street #201
NWMLS via MLS GridEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 8, 2026ListedNWMLS via MLS Grid · #2579819$285,000$477/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Northwest MLS lists this home as eligible for down payment assistance programs
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$1,969 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Commencement Bay Brokers LLC; Nicolas Lind; 253-851-2897; nic@commencementbrokers.com
Market pulse
Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 47 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 8, 2026 at 10:31am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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