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Updated 1 hour ago

Oak Terrace


42 Thunderbird Pkwy SW Tacoma, WA

2 Bed
•
1 Bath

865 Sq. Ft.

Available Now
1 Bed • 1 Bath
$1,330 - $1,595
680 ft2
0 Available
Managed By: Olympic Management Company
OAK TERRACE APARTMENTS - 109 42 THUNDERBIRD PARKWAY SW
$1,549
Rented
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Unit 215
$1,575
Rented
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Unit 223
$1,595
Rented
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Unit 109
$1,595
Rented
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Unit 216
$1,400
Rented
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Unit 113
$1,330
Rented
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Unit 212
$1,425
Rented
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Unit 121
$1,395
Rented
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Unit 111
$1,575
Rented
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Unit 114
$1,575
Rented
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1 Bed • 1 Bath
$1,370 - $1,625
772 ft2
0 Available
Managed By: Olympic Management Company
OAK TERRACE APARTMENTS - 313 42 THUNDERBIRD PARKWAY SW
$1,595
Rented
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Unit 423
$1,625
Rented
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Unit 412
$1,495
Rented
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Unit 313
$1,595
Rented
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Unit 312
$1,440
Rented
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Unit 323
$1,545
Rented
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Unit 315
$1,595
Rented
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Unit 316
$1,525
Rented
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Unit 321
$1,370
Rented
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Unit 421
$1,475
Rented
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2 Beds • 1 Bath
$1,675 - $1,945
865 ft2
6 Available
Managed By: Olympic Management Company
Unit 118
$1,725
Available Now
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Unit 107
$1,675
Available Now
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Unit 206
$1,925
Available Now
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Unit 219
$1,875
Available Now
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Unit 214
$1,825
Available Now
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Unit 208
$1,945
Available Oct 15th, 2026
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
63
Somewhat Walkable
Bike Score®
56
Bikeable
Amenities
On-site Laundry
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Pool
Public Transportation
Dog Park
Ceiling Fans
Elevator
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Meal Plan Available
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $0
Property details
Description

Thanks for checking out Oak Terrace Apartments! We are a locally owned and professionally managed community, proudly situated in the heart of Lakewood, WA. Tucked away in a peaceful, residential neighborhood, Oak Terrace offers a serene retreat while keeping you connected to everything Lakewood has to offer.
Our location is second to none, just moments from the breathtaking shores of American Lake and surrounded by lush green spaces. Whether you enjoy hiking, biking, or simply relaxing in nature, you’ll find scenic parks and nature trails nearby, perfect for outdoor adventures. Lakewood Gardens and Harry Todd Park are just a short distance away, offering expansive areas for picnics, fishing, and family fun. Plus, with shopping, dining, and entertainment at your fingertips, the Lakewood Towne Center and Tacoma Mall are just a quick drive away, providing a wide variety of retail stores and restaurants.
For commuters, Oak Terrace offers quick access to I-5, with easy routes to Tacoma, Seattle, and beyond. Public transportation options are abundant, making your daily commute stress-free. Plus, top-rated schools and the Pierce Transit station are conveniently close, adding to the ease of living in this highly desirable location.
Our spacious 1- and 2-bedroom apartment homes are designed for comfort and style, offering exceptional value. Each unit features a private patio or balcony, custom cabinetry, hard surface countertops, stainless steel appliances, vinyl plank flooring, and a cozy wood-burning fireplace. Large closets offer ample storage space for your convenience.
Our community is packed with amenities to enhance your lifestyle, including a clubhouse with a TV room, a seasonal heated swimming pool, smart package lockers, a dog park, and covered parking. Enjoy peace of mind with secured building entry and video surveillance, ensuring safety and convenience for all of our residents.

Additional Details
Total Unit Count: 91
Last Updated: Updated 1 hour ago
Contact Number: (253) 588-5616
Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Oak Terrace by bedroom type below.
2 Bedroom
Suggested income:
$65,800
per year
Rent report

Oak Terrace Rent vs. Tacoma Average

 Oak Terrace      Tacoma Average
2BR
$1,828
$1,799
$0
$600
$1,200
$1,800
$2,400

Oak Terrace is asking 2% more than the average 2 bedroom apartment in Tacoma.

If you upsized to an average priced Tacoma 3 bedroom apartment, you would pay 29% more per month.

If you downsized to an average priced Tacoma 1 bedroom apartment, you would pay 20% less per month.

Oak Terrace provides 6% less square footage than the average Tacoma 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Oak Terrace
2BR $1,828 $2.10 $5,485
Tacoma Average
Studio $1,245 $2.90 $3,734
1BR $1,503 $2.40 $4,510
2BR $1,799 $2.00 $5,396
3BR $2,517 $1.80 $7,550
4BR $3,196 $1.60 $9,589

Availability in Tacoma

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 488 1BR units on the market in Tacoma. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
17% 40% 36% 6% 1%
Available Units in Tacoma
Studio 202
1BR 488
2BR 445
3BR 71
4BR 14
Location
Nearby Colleges
FAQs
Is this property currently leasing units?
Yes. There are 6 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 6 units available for move-in over the next 2 months. 5 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units are 865 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,675 to $1,945. Oak Terrace has 2 bedroom units available starting at $1,675.
Where is this property located?
This property is at 42 Thunderbird Pkwy SW in Tacoma, WA. It's 6.8 miles southwest from the center of Tacoma.
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