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.
Sold
Listed by:
Coleton Pantley,
COMPASS,
Sean McConnell,
COMPASS
$7,275,000
10724 SW 109th Street, Tacoma, WA 98498
--beds
--baths
36,037sqft
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$202/sqft
$1,434 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 04:01am
Listed by:
Coleton Pantley,
COMPASS,
Sean McConnell,
COMPASS
Bought with:
Coleton Pantley, 23020211
COMPASS
Source: NWMLS,MLS#: 2342171

Facts & features
Interior
Heating
- High Efficiency (Unspecified), Electric, Natural Gas
Cooling
- None
Features
- Flooring: Vinyl Plank, 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 & neighborhood
Location
- Region: Lakewood
- Subdivision: Lakewood
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 66 days