$7,275,000
SOLD MAY 30, 2025

10724 109th St SW Tacoma, WA 98498

-- Bed
-- Bath
36,037 Sq Ft
3.19 Acres

Recently Sold

$202 Per Sq Ft

4% Below List Price

65 Days on Market

Highlights

  • 3.19 Acre Lot
  • Deck
  • Open Space
  • Steilacoom High School Rated A-
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of May 2025

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.

Last Agent to Sell the Property

Coleton Pantley

COMPASS License #23020211 Listed on: 03/06/2025

COMPASS

Co-Listed By

Sean Mcconnell

COMPASS License #129326

Last Buyer's Agent

Coleton Pantley

COMPASS License #23020211 Listed on: 03/06/2025

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2342171

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $70,468

Year Built

  • Built in 1965

Lot Details

  • 3.19 Acre Lot
  • Open Space
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 36,037 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl Plank

Parking

  • 34 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Efficiency Heating System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2255300030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$70,468

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1965
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 36037
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Sell it!
  • Special Features: None
  • Cumulative Days on Market: 82

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Open Space, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 32
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 34
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: High Efficiency (Unspecified)
  • Heating Yn: Yes
  • WaterSewerGarbage: 26642.67

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 26642.67

Schools

  • Junior High Dist: Steilacoom Historica
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2255300030
  • Lot Size Acres: 3.19
  • Lot Size Sq Ft: 138956
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Tax
  • MLSSquareFootageSource: Tax

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 9.14
  • LeasedItems: None
  • TotalMonthlyIncome: 69316

Multi Family

  • Gross Scheduled Income: 831788
  • Net Operating Income: 501020
  • Number Of Units Total: 1
  • Electric Expense: 26642.67
  • Insurance Expense: 29678
  • Leasable Area: 36037
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 42
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 70468

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Off Market $7,275,000 -- --
05/30/2025 05/30/25 Sold $7,275,000 -4.3% $202 / Sq Ft
03/06/2025 03/06/25 For Sale $7,600,000 -- $211 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Coleton Pantley

    COMPASS

    (206) 330-0314

    1 in this area

    38 Total Sales

    Coleton Pantley
    Section Image
  • Sean Mcconnell

    Seller Co-Listing Agent in 2025

    Sean Mcconnell

    COMPASS

    (206) 999-1211

    1 in this area

    1,175 Total Sales

    Sean Mcconnell
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2342171

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Tacoma 98498

10724 109th St SW, Tacoma, WA

This home is located at 10724 109th St SW, Tacoma, WA 98498 and is currently priced at $7,275,000, approximately $201 per square foot. This property was built in 1965. 10724 109th St SW is a home located in Pierce County with nearby schools including Cherrydale Elementary School, Saltars Point Elementary School, and Pioneer Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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