Sold

Listed by: COMPASS • Coleton Alexander Pantley

Bought with: 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

$1,935 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,935/mo

Zestimate^® history

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$1,935/mo

Rent Zestimate^®

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$44,924/mo

Est. payment

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$44,924/mo

Est. payment

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What's special

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.

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
Architectural style: 10+ Units
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 & HOA

Community

Subdivision: Lakewood

Location

Region: Lakewood

Financial & listing details

Price per square foot: $202/sqft
Tax assessed value: $719,500
Annual tax amount: $70,468
Date on market: 6/2/2025
Cumulative days on market: 415 days
Listing terms: Conventional

Price history

Date	Event	Price
5/30/2025	Sold	$7,275,000-4.3%$202/sqft
Source: NWMLS as distributed by MLS GRID #2342171 Report a problem
3/9/2025	Listed for sale	$7,600,000$211/sqft
Source: NWMLS as distributed by MLS GRID #2342171 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$11,439 +39.1%	$719,500
2023	$8,226 +2.6%	$719,500
2022	$8,016 +4.5%	$719,500 +20.5%
2021	$7,674 +0.5%	$597,300 +10%
2019	$7,635 -3.6%	$543,000 +0.9%
2018	$7,924 +248.8%	$537,900 +10%
2017	$2,272 -63.6%	$489,000 +37.3%
2016	$6,239	$356,100 -4.6%
2014	$6,239 -8.3%	$373,100 -3.9%
2013	$6,806	$388,100
2012	--	$388,100
2011	--	$388,100 -14.4%
2010	--	$453,400 -7.8%
2009	$6,659 +13%	$491,800 +2.5%
2008	$5,891 +7.9%	$479,600 +12.3%
2007	$5,459 +28.2%	$427,100 +59.2%
2002	$4,257 +7.7%	$268,300
2001	$3,954	$268,300 +6.9%
2000	$3,954	$251,000