5318 40th Street E Tacoma, WA $ 575,000
5318 40th Street E
$ 575,000
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5318 40th Street E

Tacoma, WA, 98443
$ 575,000
Bedrooms2 Baths1.0 Sq 1,311

Monthly Estimate*

$ 3,540

Listed by Rethinking Real Estate LLC
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Single Family Home for sale in Tacoma, WA

for $575,000 with 2 bedrooms and 1 full bath. This 1,311 square foot home was built in 1907 on a lot size of 1.3365.

Set on approximately 1.34 acres, this special property offers privacy, space, & a setting that feels removed from the rush of daily life while remaining just minutes from I-5 and Highway 167. Mature trees along the front and side of the property create a natural buffer, giving the home a peaceful, tucked-away feel with room to grow, explore, and create. The 1,311-square-foot home features two bedrooms and a 3/4 bath, with a remodeled kitchen & bathroom that balance modern updates with the home’s early-1900s character. The kitchen includes new stainless steel appliances, making it both functional & inviting. From the home, back deck, & backyard, enjoy scenic views of Mount Rainier that add a quiet sense of place to everyday living. Comfort & efficiency are thoughtfully addressed with a tankless water heater, propane heat, and supplemental electric heat. A true highlight is the detached three-car garage, offering far more than parking. It features updated electrical, its own water heater, hot & cold water, a refrigerator, ample storage, and a large loft area above, ideal for hobbies, a workshop, or creative use. An attached greenhouse expands the possibilities even further, whether you enjoy gardening, projects, or simply having a flexible bonus space. Outdoors, the property includes a chicken coop and an additional storage shed, reinforcing the versatility of this 1.34-acre setting. The home is connected to Summit Water, a rare and valuable feature in this area.

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Single Family Pending

Price

$ 575,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 5,163

Style

1 1/2 Story

Lot Size

1.3365

Year Built

1907

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2469633

Features
General
Living Area 1311
Sewer Septic Tank
Heating Stove/Free Standing Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
Appliances Dishwasher(s) Dryer(s) Microwave(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
HOA Fee 0
Security Features Partially Fenced Security System
Year Built 1907
View Mountain(s)
Topography Level
Levels One and One Half
Property Subtype Single Family Residence
Tax Year 2025
County Pierce
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Tacoma
Garage Y/N Y
Full Baths 0
Special Listing Conditions None
Status Pending Inspection
Directions Heading East on River Rd turn right onto 50th Ave E then left onto 40th Ave E to house on right.
High School Puyallup High
City Tacoma
Entry Location Main
Senior Community Y/N N
High School District Puyallup
MLS Area 79 - Puyallup
Lot Size Units Square Feet
Lot Size Square Feet 58216
Carport Y/N N
Listing Terms Cash Out Conventional FHA
Elementary School Waller Road Elem
Land Lease Y/N N
Tax Annual Amount 5163.8
Middle/Junior High School Aylen Jnr High
Public Remarks Set on approximately 1.34 acres this special property offers privacy space & a setting that feels removed from the rush of daily life while remaining just minutes from I-5 and Highway 167. Mature tre
Virtual Tour https://youtu.be/SR9mO_Y3y7w
Structure Type House
Building Area Units Square Feet
Standard Status Pending
Water Company Summit
Property Style 11 - 1 1/2 Story
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Interior
Interior Amenities Ceiling Fan(s) Fireplace Loft Security System Vaulted Ceiling(s) Walk-In Closet(s) Wired for Generator
Basement None
Flooring Laminate
Total Fireplaces 1
Fireplace Features Pellet Stove
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 1
Fireplaces Main 1
Power Production Type Electric
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 1
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 0
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 0.75
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Exterior
Exterior Amenities Metal/Vinyl Wood
Vegetation Fruit Trees Garden Space
Parking Features Driveway Detached Garage RV Parking
Lot Features Open Space Paved
Water Source Public
Total Parking 3
Inclusions Dishwasher(s) Dryer(s) Microwave(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Block Poured Concrete
Building Area Total 1311
Lot Size Acres 1.3365
Waterfront Y/N N
Covered Spaces 3
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially Gas Available Green House High Speed Internet Outbuildings Propane RV Parking
Parking Uncovered Total 15
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Internal Only
OriginalMLSID NWM2469633
Street Number 1 5318
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* Excluded Features
List By
Susan K. Karstedt

Listing Agent

Rethinking Real Estate Llc

Broker

Affordability Calculator

$3,971
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$430
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4703963 Elementary School
258289 Middle School
Puyallup High High School
Pricing History
DatePricePrice ChangeDescription
1/19/2026$575,000 Listed Price

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5318 40th Street E, Tacoma, WA, 98443 is a Single Family Home for sale at $575,000 with 1,311 sqft and a lot size of 1.3365. 5318 40th Street E has 2 bedrooms, 1.0 baths, and was built in 1907. The property's zip code is 98443 which is in Tacoma, WA