5813 E M StreetTacoma, WA 98404Price: $349,950

SHORT SALE opportunity in East Tacoma! Build instant equity with this 4 bedroom, 2 full bath single-level rambler priced well below market. The house next door, with similar square footage, sold for $489,000 in September 2026 after a full remodel. Here, the key upgrades are already in place: an updated kitchen with granite counters, custom cabinets and stainless steel appliances, laminate flooring in the living and dining areas, a separate laundry room, and a sewer line repaired in 2023. The remaining work is mostly cosmetic. Install new flooring in the bedrooms, paint, clean up the landscaping and refresh the siding to unlock the value. Level 5,500 sf lot with a large fenced backyard, covered patio and RV parking. One-story living with all 4 bedrooms on the main floor. Quiet Eastside street near Swan Creek Park, schools, bus lines, Tacoma Mall, shopping and quick I-5 access. A true value-add opportunity: ideal for investors, flippers, BRRRR and rental buyers, or a first-time buyer ready to add sweat equity with a renovation loan such as FHA 203k or HomeStyle. Fixer and handyman special priced to sell. Cash and renovation financing welcome. Short sale subject to lender approval. Sold as-is.