Bought with COMPASS
$7,275,000
$7,600,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
10724 SW 109th ST Tacoma, WA 98498
36,037 SqFt
Key Details
Sold Price $7,275,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 36,037 sqft
Price per Sqft $201
Subdivision Lakewood
MLS Listing ID 2342171
Sold Date 05/30/25
Style 56 - 10+ Units
Year Built 1965
Annual Tax Amount $70,468
Lot Size 3.190 Acres
Property Sub-Type Multi Family
Property 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.
Location
State WA
County Pierce
Area 40 - Lakewood
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Amenities Available Deck, Fenced-Partially, High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Open Space, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Steilacoom Historica
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.