Home / Tacoma / Oak Terrace
63 Photos
Photos Floor Plans Amenities
Updated 3 hours ago

Oak Terrace


42 Thunderbird Pkwy SW Tacoma, WA

1 - 2 Bed
1 - 2 Bath

772 - 1,088 Sq. Ft.

Available Now
1 Bed • 1 Bath
$1,645
772 ft2
1 Available
Managed By: Olympic Management Company
Unit 312
$1,645
Available Jul 18th, 2025
View
View Rented Units
View More
2 Beds • 2 Bath
$1,845 - $2,045
1029 ft2
2 Available
Managed By: Olympic Management Company
Unit 322
$1,845
Available Now
View
Unit 317
$2,045
Available Jun 24th, 2025
View
View Rented Units
2 Beds • 1 Bath
$1,695 - $1,875
865 ft2
5 Available
Managed By: Olympic Management Company
Unit 107
$1,695
Available Now
View
Unit 214
$1,795
Available Now
View
Unit 204
$1,845
Available Jun 24th, 2025
View
Unit 208
$1,795
Available Jul 8th, 2025
View
Unit 116
$1,875
Available Jul 11th, 2025
View
View Rented Units
2 Beds • 2 Bath
$1,775
975 ft2
1 Available
Managed By: Olympic Management Company
Unit 211
$1,775
Available Jul 18th, 2025
View
View Rented Units
2 Beds • 2 Bath
$1,845
1088 ft2
1 Available
Managed By: Olympic Management Company
Unit 306
$1,845
Available Jul 25th, 2025
View
View Rented Units
View More
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
Range / Oven
Microwave
High-speed Internet
Elevator
Smoke-free Community
Meal Plan Available
Ceiling Fans
Dog Park
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 3 hours 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.
1 Bedroom
Suggested income:
$59,200
per year
2 Bedroom
Suggested income:
$66,100
per year
Rent report

Oak Terrace Rent vs. Tacoma Average

 Oak Terrace      Tacoma Average
1BR
$1,645
$1,412
$0
$550
$1,100
$1,650
$2,200
2BR
$1,835
$1,771
$0
$600
$1,200
$1,800
$2,400

Oak Terrace is asking 16% more than the average 1 bedroom apartment in Tacoma.

If you upsized to an average priced Tacoma 2 bedroom apartment, you would pay 20% more per month.

If you downsized to an average priced Tacoma studio apartment, you would pay 19% less per month.

Oak Terrace provides 31% more square footage than the average Tacoma 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Oak Terrace
1BR $1,645 $2.10 $4,935
2BR $1,835 $2.00 $5,505
Tacoma Average
Studio $1,189 $2.70 $3,568
1BR $1,412 $2.40 $4,236
2BR $1,771 $1.90 $5,312
3BR $2,374 $1.80 $7,121
4BR $3,232 $1.50 $9,696

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 382 1BR units on the market in Tacoma. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
16% 40% 36% 7% 2%
Available Units in Tacoma
Studio 158
1BR 382
2BR 344
3BR 67
4BR 15
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 10 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 10 units available for move-in over the next 2 months. 3 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 772 to 1,088 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 $1,645 to $2,045. Oak Terrace has 1 bedroom units available starting at $1,645 and 2 bedroom units available starting at $1,695.
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.
Call
Feeling slow?
Not you. The internet, silly.
Get the app for a faster apartment search.
Get the app