Updated Oct 12, 2026
Narrows Townhomes Sells For $7.3M In Tacoma With Brokers Elijah Piper & Tony Herrmann
8524 South 19th Street
$7,300,000
$294/SF
Building Size
24,750 SF
Asset Type
MultiFamily
Closing
Oct 6, 2026
About this deal
AI
A 15-unit multi-family community located at 8524 South 19th Street in Tacoma, WA, has been sold for $7,300,000, which equates to $295 per square foot. The total building size is 24,750 square feet, resulting in a price per unit of approximately $486,667.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,300,000
- Square Footage: 24,750
- Price Per Square Foot: $295
- Number of Units: 15
- Price Per Unit: $486,667
- Market: Tacoma, WA
The transaction involved brokers Elijah Piper and Tony Herrmann, representing the interests of the parties in the sale through their agency, Kidder Mathews. Notably, the sale of Narrows Townhomes sets a Pierce County record for multifamily properties.
On the Map
$7,300,000
$294/SF
MultiFamily
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Players
Tacoma MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $294 per square foot on a published $7.3M for 24,750 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93