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Listing courtesy of NWMLS / COMPASS

10724 SW 109th Street

Tacoma, WA 98498

– beds
– baths
36,037 sqft
~3 acre lot
$210 per sqft
1974 build

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.

Listing courtesy of NWMLS / COMPASS

Last checked: Checking… • Last updated Mar 27, 2025 •

MLS# 2342171 —

The Building

Year Built:

1965
Year Built:

1974
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Multi Family
Roof:

Composition
Exterior Features:

Metal/Vinyl
Units In Building Total:

42
# of Units Total:

1
Stories Total:

1
Building Area Total:

36037
Building Area Units:

Square Feet
Calculated SqFt:

36037
SqFt Source:

Tax
Construction Materials:

Metal/Vinyl

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Vinyl Plank, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

47.157808
Longitude:

-122.580394
Directions:

GPS works

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Parcel Number:

2255300030
Lot Features:

Open Space, Paved
Lot Size Units:

Square Feet
Lot Size Acres:

3.19
Lot Size SqFt:

138956
Lot Size Source:

Tax
View:

false
Waterfront:

false
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

70468

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

High Efficiency (Unspecified)

Utilities

Water Source:

Public
Sewer:

Sewer Connected
Water Sewer Garbage:

26642.67

Schools

Elementary School:

Buyer To Verify
Middle Or Junior School:

Buyer To Verify
High School:

Buyer To Verify
High School District:

Steilacoom Historica

The Community

Subdivision Name:

Lakewood
Senior Community:

false
Association:

false

Parking

Parking Total:

34
Parking Uncovered Spaces:

2
Open Parking:

true
Open Parking Spaces:

2
Carport Spaces:

32
Carport:

false

Listing courtesy of NWMLS / COMPASS

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Mon Apr 14 2025 05:09 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
3/8/25 Mar 8, 2025	Listed / Active	NWMLS	$7,600,000

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This multifamily located in Central Lakes, Lakewood, WA 98498 is currently for sale for $7,600,000. 10724 SW 109th Street is a 36,037 square foot multifamily with – beds and – baths. 10724 SW 109th Street is in the Central Lakes neighborhood of Lakewood and has a WalkScore® of 20, making it car-dependent. This multifamily is in the attendance area of Cherrydale Elementary School, Steilacoom High School, and Saltars Point Elementary School.

Listing courtesy of NWMLS / COMPASS

Disclaimer: The information contained in this listing has not been verified by COMPASS and should be verified by the buyer.