10724 SW 109th Street
Tacoma, WA 98498
36037 sqft | 3.19 acres | #2342171
Description
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.
Property Details
- Exterior FeaturesDeck, Fenced-Partially, High Speed Internet
- School DistrictSteilacoom Historica
- InteriorWall to Wall Carpet
- Lot DescriptionOpen Space, Paved
- Sewer InformationSewer Connected
- Elementary SchoolBuyer To Verify
- Middle SchoolBuyer To Verify
- High SchoolBuyer To Verify
- Style56 - 10+ Units
- Date ListedMarch 06, 2025
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Exterior MaterialsMetal/Vinyl
- Original List Price$7,600,000
- SubdivisionLakewood
- Taxes Annual$70,468
- MLS #2342171
- Cost7600000
- MLS #2342171
- Utility SourcePublic
- CountyPierce
- Square Feet36037
- Acres3.19
- Year Built1965
- Stories1
- Days on Market (Cumulative)7
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-03-09 04:43:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Coleton Pantley (#NWM146347)
Listing Office: COMPASS (#NWM7912)
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