Sign up to receive our listings
Let’s talk about apartments
Listings/The Narrows
The Narrows
On the Market
Price: Market
Tours: To be Announced
Offers Date: Review Upon Receipt. Offer Review Date TBA.
Access marketing materials by using the button below.
Site Details
Opportunity
OPPORTUNITY TO ACQUIRE BELOW REPLACEMENT COST
Construction costs in Tacoma have continued to rise over the past year, reflecting a 6.6% increase as part of broader national trends. While some material costs have stabilized, labor costs and competitive pressures remain significant contributors to overall expense escalation.
Additionally, the high cost of construction debt, driven by elevated interest rates, has further increased the financial hurdles for new developments. This property offers a unique opportunity to acquire at a discount to replacement cost, providing immediate value in an environment of rising construction expenses and expensive financing.
Location
Open Google Maps
About the Area
TACOMA’S WEST END EMERGING HOUSING MARKET
Located in Tacoma’s desirable West End submarket within the University Place community, 8524 19th St W offers a high-demand residential setting known for strong schools, waterfront access, and stable home values. The property is just minutes from State Route 16, providing seamless connectivity to Interstate 5, Downtown Tacoma, and the greater South Sound region.
The location offers convenient access to the area’s largest employment drivers, including Joint Base Lewis-McChord, MultiCare Health System, and Virginia Mason Franciscan Health,
supporting consistent rental demand. Residents also benefit from proximity to Chambers Bay, major retail corridors, and Tacoma’s primary dining and lifestyle amenities, reinforcing the property’s long-term investment appeal.
Gallery
Contact Us
Exclusive Listing Brokers
