$359,000
Est. $1,989/mo2 bd•1 ba•777 sq ft
5435 S M Street #202, Tacoma, WA 98408
• Listed Sep 8, 2026•30 days active · 30 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 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!
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 #2579831
Around this home
How much should you offer?
5435 S M Street #202, 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
- 2 bedrooms total
- 2 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
- 5
- Co-op
- No
- Common interest community
- No
- HOA dues
- $332
- Dues frequency
- Monthly
- Dues include
- Sewer, Trash, Water
- Special assessment
- false
- Association contact
- Wapato Condominiums
- First right of refusal
- No
Rules
- 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
- Excluded items
- Yes
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.
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 #202
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 · #2579831$359,000$462/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
$2,496 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 48 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
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
