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  • Listed by: 

    Coleton Pantley,

    COMPASS,

    Sean McConnell,

    COMPASS

    $7,600,000

    10724 SW 109th Street, Tacoma, WA 98498

    2beds
    1baths
    36,037sqft
    : 
    Multi Family
    Built in 1965
    -- sqft lot
    $-- Zestimate®
    $211/sqft
    $-- HOA

    What's special

    Discover a high-value investment in Tacoma’s thriving Lakewood submarket. Arrowhead Park is a fully occupied, 42-unit complex featuring spacious one-, two-, and three-bedroom layouts. With easy access to major retail hubs, outdoor recreation, and top employers—including JBLM and the expanding South Sound healthcare sector—this property benefits from strong tenant demand and stable occupancy. Offering a solid 6.59% cap rate, Arrowhead Park presents a lucrative value-add opportunity with planned renovations poised to drive rental growth. Take advantage of Lakewood’s affordability and economic momentum—an ideal investment in a rising market.
    48 days
    on Zillow
    |
    253
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 08, 2025 at 08:43pm

    Listed by:

    Coleton Pantley,

    COMPASS,

    Sean McConnell,

    COMPASS

    Source: NWMLS,MLS#: 2342171MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 10724 SW 109th Street.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • High Efficiency (Unspecified)
    Cooling
    • None
    Features
    • Flooring: Vinyl Plank, Carpet, Wall to Wall Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 36,037
    • Total interior livable area: 36,037 sqft

    Property

    Parking
    • Total spaces: 34
    • Parking features: Open
    • Carport spaces: 32
    • Uncovered spaces: 2
    Lot
    • Size: 3.19 Acres
    • Features: Open Lot, Paved, Deck, Fenced-Partially, High Speed Internet
    Details
    • Parcel number: 2255300030
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Metal/Vinyl
    • Roof: Composition
    Condition
    • Year built: 1965
    • Major remodel year: 1974

    Utilities & green energy

    • Sewer: Sewer Connected
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Lakewood
    Location
    • Region: Lakewood

    Financial & listing details

    • Price per square foot: $211/sqft
    • Tax assessed value: $719,500
    • Annual tax amount: $70,468
    • Date on market: 3/6/2025
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 51 days
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