Listing provided courtesy of Real Broker LLCNWMLSas Distributed by MLSGrid- MLS# NWM2531969MLS Provider

1501 Tacoma Avenue S #312Tacoma, WA 98402

Condo · 2 Beds · 1 Full Bath · 1 Three Quarter Bath · 1,195 Sq. ft. | 0.01 Acres
$489,995 Active

1501 Tacoma Avenue S #312 Overview

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Reverie at Mercato, one of downtown Tacoma’s premier condominium communities, ideally located in the heart of vibrant New Tacoma. This beautifully updated 2-bedroom + den, 2-bath residence offers an exceptional blend of style, comfort, and walkable urban living. Freshly refreshed with updated flooring, paint, and modern finishes, the open-concept design is filled with natural light from expansive windows overlooking the beautifully landscaped courtyard below. Well-appointed kitchen features rich cabinetry, granite countertops, stainless steel appliances, abundant storage, and a generous breakfast bar that opens seamlessly to the dining and living areas. The spacious primary suite includes a walk-in closet and private ensuite bath, while the second bedroom and dedicated den provide flexible space for guests, a home office, fitness room. Morning coffee or evening relaxation on your private balcony overlooking the peaceful courtyard. Residents enjoy secure access, underground parking with three (3) parking spaces, private storage, a fitness center, theater, community kitchen, and beautifully maintained outdoor gathering spaces with BBQ areas. With an outstanding Walk Score, you're just steps from Tacoma’s best restaurants, coffee shops, museums, theaters, UWT, the waterfront, Link light rail, and countless entertainment options. Experience the convenience of low-maintenance living without sacrificing space, amenities, or location. This is downtown Tacoma living at its finest.

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1501 Tacoma Avenue S #312 Facts & Features

  • Type Condo
  • Sq. ft. 1,195
  • Price/Sq.ft. $410
  • Lot 0.01 Acres

Details

General

Association/HOA

  • Association Fee: $624.72
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Lawn Service, Trash

School Information

  • School District: Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Green Features

  • Green Energy Efficient: Insulated Windows

Building Information

  • Building Name: Reverie At Marcato
  • New Construction: No
  • Year Built: 2006

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 30 - Central Tacoma
  • Subdivision Name: Tacoma

Community/Development

  • Common Property Features: Clubhouse,Elevator,Exercise Room,Fire Sprinklers
  • Community Features: Club House, Elevator, Exercise Room, Fire Sprinklers
  • Number Of Units In Community: 97

Tax Information

  • Tax Annual Amount: $4,216.00
  • Tax Year: 2025

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Listing Terms: Cash, Conventional, FHA, State Bond, VA Loan
  • Parcel Number: 9006930430
  • Pets Allowed: Subject to Restrictions
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total: 2
  • Bedrooms Total: 2
  • Bedrooms Lower: 0
  • Bedrooms Upper: 0

Building Interior

  • Appliance Hookups: Cooking-Electric,Dryer-Electric,Ice Maker,Washer
  • Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Building Area Total: 1195
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1195
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Unit Features: Balcony/Deck/Patio,Insulated Windows,Primary Bath,Walk-in Closet

General Information

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Cooling: No
  • Entry Location: Main
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Ceramic Tile, Carpet
  • Heating: Yes
  • Interior Features: Cooking-Electric, Dryer-Electric, Fireplace, Ice Maker, Insulated Windows, Primary Bathroom, Walk-In Closet(s), Washer, Water Heater
  • Laundry Features: Electric Dryer Hookup,Washer Hookup
  • Levels: One
  • Living Area: 0
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Power Production Type: Electric
  • Stories Total: 6

Unit Information

  • Unit Number: 312

Exterior

Parking Information

  • Parking Features: Common Garage
  • Parking Total: 3

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Square Feet: 431
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Direction Faces: North
  • Roof: Flat
  • Structure Type: Condominium

General Information

  • Carport: No
  • Covered Spaces: 3
  • Exterior Features: Brick, Cement/Concrete, Metal/Vinyl, Wood

Room Information

Room: Bathroom Full

  • Level: Main

Room: Bathroom Three Quarter

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Den/Office

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Primary Bedroom

  • Level: Main

Room: Utility Room

  • Level: Main

1501 Tacoma Avenue S #312 Neighborhood

Community

98402 (Tacoma) Demographics

35
Median Age
5,975
Population Density (per sq. mile)
51%
College Educated
$57,083
Estimated Median Income
755
Estimated Total Home Owners
2,982
Estimated Total Renters
20% / 80%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1501 Tacoma Avenue S #312 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1501 Tacoma Avenue S #312 Market Data

Based on the last 30 days in this zip code

$476,627
Average List Price
$419
Average Price per Square Foot
4
Properties Sold
72
Average Days on Market
29
Properties for Sale
Calculations provided by Reliance Network

1501 Tacoma Avenue S #312 History

Date Event Value Agent
5/29/2026Source: NWMLS Added to Database
May 29, 2026