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Updated 10 minutes ago

Oak Terrace


42 Thunderbird Pkwy SW Tacoma, WA

1 - 2 Bed
1 - 2 Bath

680 - 1,029 Sq. Ft.

Available Now
1 Bed • 1 Bath
$1,264 - $1,575
680 ft2
4 Available
Managed By: Olympic Management Company
Unit 212
$1,264
Available Now
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Unit 121
$1,450
Available Now
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Unit 114
$1,525
Available Apr 18th, 2026
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Unit 111
$1,575
Available Apr 18th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,475 - $1,595
772 ft2
2 Available
Managed By: Olympic Management Company
Unit 421
$1,475
Available Now
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Unit 416
$1,595
Available Now
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View Rented Units
2 Beds • 2 Bath
$1,920 - $2,095
1029 ft2
2 Available
Managed By: Olympic Management Company
Unit 414
$1,920
Available Now
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Unit 410
$2,095
Available Apr 15th, 2026
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View Rented Units
2 Beds • 1 Bath
$1,645 - $1,895
865 ft2
3 Available
Managed By: Olympic Management Company
Unit 202
$1,645
Available Now
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Unit 102
$1,725
Available Apr 15th, 2026
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Unit 210
$1,895
Available Apr 18th, 2026
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View Rented Units
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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 10 minutes ago
Contact Number: (253) 588-5616
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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.
1 Bedroom
Suggested income:
$53,300
per year
2 Bedroom
Suggested income:
$66,800
per year
Rent report

Oak Terrace Rent vs. Tacoma Average

 Oak Terrace      Tacoma Average
1BR
$1,481
$1,477
$0
$500
$1,000
$1,500
$2,000
2BR
$1,856
$1,801
$0
$650
$1,300
$1,950
$2,600

Oak Terrace is asking 0% more than the average 1 bedroom apartment in Tacoma.

If you upsized to an average priced Tacoma 2 bedroom apartment, you would pay 18% more per month.

If you downsized to an average priced Tacoma studio apartment, you would pay 23% less per month.

Oak Terrace provides 17% more square footage than the average Tacoma 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Oak Terrace
1BR $1,481 $2.10 $4,442
2BR $1,856 $2.00 $5,568
Tacoma Average
Studio $1,197 $3.00 $3,592
1BR $1,477 $2.40 $4,431
2BR $1,801 $2.00 $5,404
3BR $2,437 $1.90 $7,310
4BR $3,226 $1.60 $9,678

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 474 1BR units on the market in Tacoma. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
18% 41% 34% 6% 1%
Available Units in Tacoma
Studio 206
1BR 474
2BR 398
3BR 68
4BR 14
Location
Nearby Colleges
Nearby Hospitals
Name Distance
Child Study And Treatment Center 0.93 mi.
Western State Hospital 1.06 mi.
St. Clare Hospital 2.75 mi.
Nearby Fire Stations
Name Distance
Mc Neil Island Fire Department 2.56 mi.
Mc Neil Island Fire Department 2.84 mi.
Pierce County Fire District Number 3 Dba West Pierce Fire & Rescue 2.99 mi.
FAQs
Is this property currently leasing units?
Yes. There are 11 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 11 units available for move-in over the next 2 months. 6 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 680 to 1,029 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 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,264 to $2,095. Oak Terrace has 1 bedroom units available starting at $1,264 and 2 bedroom units available starting at $1,645.
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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