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.
Active
Listed by:
Coleton Pantley,
COMPASS,
Sean McConnell,
COMPASS
$7,600,000
10724 SW 109th Street, Tacoma, WA 98498
2beds
1baths
36,037sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$211/sqft
$-- HOA
What's special
- 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#: 2342171

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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