Backup offersTour
$6,412 Closing Credit¹
#2362772, David Berg, Listing office: Real Broker LLC
$7,600,000 List price
10724 SW 109th St Tacoma, WA 98498
36,037 sqft
3.2 acres
$211 / sqft
House
Property details
About 10724 SW 109th St
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.
Highlights
HeatingForced Air
StatusActive
Size36,037 sqft
Lot size3.19 Acres
Year built1965
MLS #2342171
Summary
- Flooring Type: Vinyl Plank, Carpet
- Interior: Wall to Wall Carpet
- Exterior: Metal/Vinyl
- Heating: Forced Air
- Cooling: None
- List Price: $7,600,000
- Price/SqFt: $210
- HOA Amount: $0
- Lot: Open Lot, Paved
- Directions: GPS works
- Year Built: 1965
- Stories: 1
- Living Area: 36,037 SqFt
- Lot Size: 3.19 Acres
- MLS Number: 2342171
- MLS Name: NWMLS
- Office Name: COMPASS
- Office Phone: (206) 330-0314
- Listing Agent: Coleton Pantley
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/8/2025, 12:32:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$7,600,000
10724 SW 109th St
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
6
Lake Louise Elementary School
Public District KG-5
0.5 mi
•11014 Holden Rd SW
6
Cherrydale Elementary School
Public District KG-3
0.7 mi
•1201 Galloway St
4
Saltars Point Elementary School
Public District 4-5
1.4 mi
•908 3rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,926. Residents of Tacoma, WA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
29%
<35k
56%
35k-100k
14%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
10%
Single, with Kids
28%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
19%
18-34 yrs old
38%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Horse Races
NBA/WNBA
College Basketball
Where do the neighbors shop?
Stein Mart
Express/Express For Men
Dillards
Where do the neighbors go to eat?
LongHorn Steakhouse
Starbucks
Logan's Roadhouse
What do the neighbors drive?
Buick
Pontiac
Hyundai
What do the neighbors listen to?
Contemporary Inspirational
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Tacoma, WA
Tacoma's transportation infrastructure supports both private and public transit options. The city's public transportation system includes buses that operate on a set schedule, connecting various neighborhoods and key areas. The region is also bike-friendly, with dedicated lanes and trails. Major highways and thoroughfares facilitate commuting and travel to and from the city. While ride-sharing services are available, they complement the existing transportation network, offering additional mobility solutions for residents and visitors.
The city is served by a comprehensive educational system, including a variety of public and private schools, catering to all levels of education. Healthcare is accessible through several hospitals and clinics offering a range of services from primary care to specialized treatments. Tacoma's public library system is extensive, providing residents with educational resources and community programs. Retail and dining options are plentiful, with an emphasis on local businesses that showcase the region's culture and flavors.
Tacoma is celebrated for its vibrant arts scene and waterfront charm. The community prides itself on a rich cultural identity, with numerous galleries, museums, and theaters contributing to the local ambiance. Annual events like the Tacoma Film Festival and the Taste of Tacoma festival reflect the city's love for arts and cuisine, fostering a sense of community among residents.
Tacoma's housing market is diverse, offering a range of options from historic homes to contemporary apartments. Single-family homes are prevalent, with a mix of architectural styles including Craftsman, Victorian, and mid-century modern. The market also includes a selection of condominiums and townhouses, appealing to various preferences and lifestyles. The homeownership rate in Tacoma is robust, with a significant portion of residents owning their homes, while the rest are engaged in the rental market.
About 10724 SW 109th St
The listing price of 10724 SW 109th St property is $7,600,000.
The property 10724 SW 109th St is a house located in Tacoma, Washington, 98498.
Active Listing: 10724 SW 109th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 10724 SW 109th St are: Lake Louise Elementary School (GreatSchools Rating 6/10), Cherrydale Elementary School (GreatSchools Rating 6/10), Saltars Point Elementary School (GreatSchools Rating 4/10), Hudtloff Middle School (GreatSchools Rating 3/10), Thomas Middle School (GreatSchools Rating 3/10), Lochburn Middle School (GreatSchools Rating 2/10), Lakes High School (GreatSchools Rating 5/10), Steilacoom High School (GreatSchools Rating 8/10), Clover Park High School (GreatSchools Rating 3/10).
The property at 10724 SW 109th St has 0 bathroom.
The property 10724 SW 109th St is 36,037 SqFt (source: MLS/tax record).
The year of construction for 10724 SW 109th St is 1965.
This home is located at 10724 SW 109th St in Tacoma, WA and zip code 98498. This 36,037 square foot home, which was built in 1965, sits on a 3.19 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 9, 2025 and is currently priced at $7,600,000.
Tacoma, WA housing market in May 2025 saw over 157 listings sold above listed price, more than 94 sold at listed price and over 79 sold below. The inventory of homes for sale in Tacoma, WA between April and May 2025 increased by 14.9%. In May 2025, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $489,650.
From Rocket Homes Real Estate and based on county public records data.