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3020 S 54th Street, Tacoma, WA, 98409

2beds
1baths
1,136sqft
$410,000
$361price/sqft
$2,710/moest. monthly cost
$108,400/yrincome needed

About This Home

Excellent investment opportunity with strong value in today's market! This updated 2-bedroom, 1-bath rambler was remodeled just over one year ago, minimizing immediate maintenance concerns and making it ready for a new tenant or owner-occupant. The private, partially fenced backyard adds appeal for renters and homeowners alike. All appliances stay, providing additional value and convenience. Priced competitively, this property stands out as one of the best values in the area. Whether you're looking to expand your rental portfolio, purchase your first investment property, or secure a move-in-ready home with long-term potential, this property is worth a look. Close to Community Transit stops and conveniently located just minutes from I-5. Schedule your showing today!

Getting Around

78
WalkingVery Walkable
0
TransitVery Limited Transit
70
BikeVery Bikeable

Schools

4/10
Edison Elementary SchoolGrades PK-50.3 mi
3/10
Gray Middle SchoolGrades 6-80.9 mi
2/10
Foss High SchoolGrades 9-122.4 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1914

Materials

  • Foundation: Block
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1983

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional,1 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Tank,Water Heater Location: Basement

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Dining Room
  • Flooring: Laminate

Heating & Cooling

  • Heating features: Forced Air,Electric,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,136
  • Total interior livable area: 1,136 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 5360000610
  • Zoning description: Jurisdiction: City
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Dining Room,Water Heater
  • Topography of land: Partial Slope

Lot

  • Lot size: 5,248 sqft
  • Features: Paved,Sidewalk,Deck,Fenced-Partially

Parking

  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,073$24,876
Home Insurance *$123$1,476
Property Taxes $365$4,380
Electricity $149$1,793
Total$2,710$32,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$92,914/yr
40% on housing$81,300/yr
45% on housing$72,266/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$361This listing

vs Other Active Listings

Avg $/sqft

ZIP 98409$200
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98409$350
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-10Price change$399,995
2026-07-28Price change$410,000
2026-07-22Price change$414,950
2026-07-14Listed for sale$424,950
2024-05-22Listing removed--
2024-05-14Listed for rent$2,222
2023-10-25Sold$305,000
2023-09-26Pending sale$300,000
2023-09-23Listed for sale$300,000
2023-07-29Pending sale$300,000
2023-07-26Price change$300,000
2023-06-26Listed for sale$320,000
1999-07-07Sold$101,215

For Sale by Agent

AgentDaniel French
BrokerageWindermere RE/Lake Tapps, Inc

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