Skip to content
JRJeff ReynoldsCompass · Seattle

Listed by Ly Tran, Tran Property Group

4
Bedrooms
2
Bathrooms
1,274
Square feet
$353
Per sq ft
Single Family Residence
Type
1925
Year built
6,500 sq ft
Lot
53
Days on market

About this property

Investor & developer opportunity in Tacoma! Welcome to 4609 S Thompson Ave, a property with strong potential for buyers looking to maximize value. The existing main home offers the opportunity to generate rental income while exploring future development options on the lot. With the possibility of adding 4-6 additional units, this property is ideal for investors, builders, or developers looking for a strategic project in an established Tacoma neighborhood. Conveniently located near local amenities, schools, parks, transit, and major commuter routes, this property offers both current income potential and long-term upside. Rent the main home while you work through permitting and development plans. Buyer to verify all zoning, feasibility, utility capacity, permitting, and development potential to their satisfaction. (UR3 Zone)

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2527375
Listed
May 21, 2026
Days on market
53
Price per sq ft
$353
Original list price
$499,500

Unit & building

Unit levels
One

Parking

Parking
Driveway

Construction

Year built
1925
Style
10 - 1 Story
Structure
House
Roof
Composition

Heating & cooling

Heating
Fireplace Insert
Cooling
None
Energy source
Electric

Interior features

Features
Fireplace
Fireplaces
1
Fireplace type
Electric

Flooring

Flooring
Vinyl Plank

Appliances

Appliances
DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer

Lot

Lot size
6,500 sq ft

Terms

Terms offered
CashConventionalFHARehab Loan

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Tacoma

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • One
  • Driveway
  • House
  • Composition
  • Fireplace Insert
  • None
  • Electric
  • Fireplace
  • Vinyl Plank
  • Dishwasher
  • Dryer
  • Microwave

Listing history

  1. Listed

    $499,500

    May 21, 2026

  2. Current price

    $450,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$2,620

Principal & interest
$2,275
Property tax (est.)
$345

Assumes $90,000 down (20%), a $360,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. 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.