10724 SW 109th Street, Tacoma, WA 98498
- $7,275,000
- 36,037
- SqFt
Listing courtesy of COMPASS. Selling Office: COMPASS.
- Sold Price
- $7,275,000
- List Price
- $7,600,000
- Status
- SOLD
- MLS#
- 2342171
- Closing Date
- May 30, 2025
- Days on Market
- 65
- Style
- 56 - 10+ Units
- Finished SqFt
- 36,037
- Area Total SqFt
- 36037
- Annual Tax Ammount
- 70468
- Lot Size (sq ft)
- 138,956
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2025-03-26 00:00:00
- Community
- Lakewood
- Net Operating Income
- $501,020
- Gross Adjusted Income
- $790,199
- Gross Scheduled Income
- $831,788
- Total Monthly Income
- $69,316
- Insurance Expenses
- $29,678
- Water/Sewer/Garbage Expenses
- $26,642
- Gross Rent Multiplier
- 9.14
- Total Expenses
- $330,767
- Cap Rate
- 6.6
- Vacancy Rate
- 5
- Total Number of Units
- 1
- Unit Name
- 10724
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1965
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, High Speed Internet
- Electric Expenses
- 26642
- Other Expenses
- 150693
- Energy Source
- Electric, Natural Gas
- School District
- Steilacoom Historica
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $69,316
- Gross Scheduled Income
- $831,788
- Vacancy Rate
- 5
- Gross Adjusted Income
- $790,199
- Tax Year
- 2024
- Insurance Expense
- $29,678
- W/S/G Expenses
- $26,642
- Total Expenses
- $330,767
- Net Operating Income
- $501,020
- Gross Rent Multiplier
- 9.14
- Cap Rate
- 6.6
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.