Provided by NWMLS, Listed by COMPASS

Active

10724 SW 109th Street

Tacoma WA, 98498

$7,600,000


$210.89 per sqft

Active

36,037 sqft

Multi-family

Built in 1965

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.

2342171

MLS ID

March 6, 2025

Listed

March 9, 2025

Updated

Interior Features

Total Stories

1


Interior Features

Wall to Wall Carpet


Floor Description

Vinyl Plank, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

High Efficiency (Unspecified)

Exterior/Building Features

Lot Size

3.19 Acres


Exterior Features

Metal/Vinyl


Lot Features

Open Space, Paved


Roof

Composition


Sewer

Sewer Connected

School Information

School District

Steilacoom Historica


High School

Buyer To Verify


Elementary School

Buyer To Verify

Other Property Details

Area Name

40 - Lakewood


Taxes

$70,468


Tax Frequency

Annually


Garage

No


Parking Total

34


View

No


County

Pierce


Water Source

Public

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 3/12/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 3/12/2025 at 9:00 AM UTC . 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.

©2025 Northwest Multiple Listing Service all rights reserved.

Data last updated on 3/12/2025 at 9:00 AM UTC 

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