Oak Terrace Apartments

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42 Thunderbird Pky SW, Lakewood, WA 98498
(253) 540-2117
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Oak Terrace in Lakewood, WA - Building Photo
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Oak Terrace in Lakewood, WA - Building Photo - Building Photo
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Oak Terrace in Lakewood, WA - Building Photo - Building Photo
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Floor Plan
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Contact

Oak Terrace

42 Thunderbird Pky SW
Lakewood, WA 98498
(253) 540-2117
Oak Terrace in Lakewood, WA - Building Photo
  • 1–2 Bedrooms
  • $1,400-$1,895Pricing
  • 680–1,088Square Feet

Rent Specials

Special!~~**Receive a Free 55” TV and 6 WEEKS FREE RENT! Limited Time! BONUS GIFT: Lease Unit 216 for an extra welcome gift!**

Ask Us About Our Specials

About Oak Terrace

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.

Oak Terrace is located in the North Lakewood Neighborhood and 98498 Zip code of Lakewood, WA. This community is professionally managed by Olympic Management Company

Unique Features and Amenities

  • 2" faux Wood Blinds
  • 24-Hour Emergency Maintenance
  • Additional Storage Space
  • CARPORTS
  • Ceiling Fan
  • Custom Cabinetry
  • Full Size Washer & Dryer (Select Homes)
  • Guest Parking
  • Internet access
  • Large Closets
  • Laundry Facilites
  • New appliances
  • New flooring
  • New Light Fixtures
  • Online Maintenance Requests
  • Online Payments Available
  • Secured Building Entry
  • Stackable Washer & Dryer
  • Vinyl Plank Flooring

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

Oak Terrace offers 1 to 2 Bedroom apartments starting from $1,400 and having 680–1,088 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    1x1 Aspen Classic

    $1,400

    1 Bed, 1 Bath, 680 sq ft
    Available Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,400Available Now216680

    Unit 216 Amenities and Features

    Features

    • Smoke Free

    Unit 216 Rent and Fees

    Unit Price

    • $1,400

    Model Rent and Fees

    Price

    • $1,400

    1x1 Aspen Reno with W/D

    $1,595

    1 Bed, 1 Bath, 680 sq ft
    Available Nov 15

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,595 November 15, 2025113680

    Model Amenities and Features

    Features

    • Balcony
    • Ceiling Fans
    • Fireplace
    • Heating
    • Smoke Free
    • Storage Space

    Kitchen

    • Stainless Steel Appliances

    Unit 113 Rent and Fees

    Unit Price

    • $1,595

    Model Rent and Fees

    Price

    • $1,595

  • 2 Bedrooms

    2X1 Hawthorn Classic

    $1,595

    2 Beds, 1 Bath, 865 sq ft
    Available Now
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,595Available Now117865

    Unit 117 Amenities and Features

    Features

    • Smoke Free

    Unit 117 Rent and Fees

    Unit Price

    • $1,595

    Model Rent and Fees

    Price

    • $1,595

    2x2 Maple Reno no WD

    $1,641

    2 Beds, 2 Baths, 975 sq ft
    Available Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,641Available Now209975

    Model Amenities and Features

    Features

    • Balcony
    • Ceiling Fans
    • Fireplace
    • Heating
    • Smoke Free
    • Storage Space

    Kitchen

    • Stainless Steel Appliances

    Unit 209 Rent and Fees

    Unit Price

    • $1,641

    Model Rent and Fees

    Price

    • $1,641

    2x1 Lilac Reno with W/D

    $1,795

    2 Beds, 1 Bath, 975 sq ft
    Available Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,795Available Now311975

    Model Amenities and Features

    Features

    • Balcony
    • Ceiling Fans
    • Fireplace
    • Heating
    • Smoke Free
    • Storage Space

    Kitchen

    • Stainless Steel Appliances

    Unit 311 Rent and Fees

    Unit Price

    • $1,795

    Model Rent and Fees

    Price

    • $1,795

    2X2 Acacia Reno no W/D (Top Floor)

    $1,895

    2 Beds, 2 Baths, 1088 sq ft
    Available Now
    Largest 2 BedroomThis is the largest 2 Bedroom at this Property

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,895Available Now4041088

    Model Amenities and Features

    Features

    • Balcony
    • Ceiling Fans
    • Fireplace
    • Heating
    • Smoke Free
    • Storage Space

    Kitchen

    • Stainless Steel Appliances

    Unit 404 Rent and Fees

    Unit Price

    • $1,895

    Model Rent and Fees

    Price

    • $1,895

    2x1 Alder Classic (Top Floor)

    $1,795

    2 Beds, 1 Bath, 935 sq ft
    Available Nov 18

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,795 November 18, 2025407935

    Model Amenities and Features

    Features

    • Balcony
    • Ceiling Fans
    • Fireplace
    • Heating
    • Smoke Free
    • Storage Space

    Kitchen

    • Stainless Steel Appliances

    Unit 407 Rent and Fees

    Unit Price

    • $1,795

    Model Rent and Fees

    Price

    • $1,795
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (253) 540-2117 to schedule a tour.

Property Information

Lease Terms

  • 12 mo
Ask About Our Lease Terms

Fees and Policies

Parking Info and Fees

Parking Car PortiCarports: $35-$50 | Uncovered Parking: Free
  • Assigned Parking
  • $50/Mo

Features and Amenities

On-Site Services

  • Public Transportation
  • Video Patrol

Community Features

  • Clubhouse
  • Elevator

Recreation and Fitness

  • Walking/Biking Trails
  • Pool

Interior Features

  • Balcony
  • Storage Space
  • Heating
  • Ceiling Fans
  • Fireplace
  • Smoke Free

Kitchen Amenities

  • Stainless Steel Appliances

Outdoor Features

  • Patio
Ask About Our Amenities
Google Map

Map

42 Thunderbird Pky SW, Lakewood, WA 98498
Schedule a Time to Come See Us

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
(253) 540-2117
Monday9:00 am–5:00 pm
Tuesday9:00 am–5:00 pm
Wednesday9:00 am–5:00 pm
Thursday9:00 am–5:00 pm
Friday9:00 am–5:00 pm
Saturday9:00 am–5:00 pm
SundayClosed
Ask About Live Online Tours

Getting Around

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Oak Terrace

Where is Oak Terrace located?

Oak Terrace is located at 42 Thunderbird Pky SW near the North Lakewood area of Lakewood, WA

What is the current rent range at Oak Terrace?

1 Bedroom to 2 Bedroom Apartments at Oak Terrace currently range from $1,400 to $1,895

When is the leasing office open?

  • The office Hours for Oak Terrace are
  • Monday 9:00 am–5:00 pm
  • Tuesday 9:00 am–5:00 pm
  • Wednesday 9:00 am–5:00 pm
  • Thursday 9:00 am–5:00 pm
  • Friday 9:00 am–5:00 pm
  • Saturday 9:00 am–5:00 pm
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at Oak Terrace is: Special!~~**Receive a Free 55” TV and 6 WEEKS FREE RENT! Limited Time! BONUS GIFT: Lease Unit 216 for an extra welcome gift!**.

Lifestyle Ratings

  • Outdoors 3.0

    The Outdoors rating shows the apartment listings on ApartmentHomeLiving.com with the top amenities and features for renters who love the outdoor lifestyle.

    Rating Factors

    This 3.0-star Outdoors rating is based on the following features:

    • Walking/Biking Trails
    • Balconies
    • Patios
    • Storage Spaces
    • Fireplaces
    • Swimming Pool(s)
Learn more about Lifestyle Search

Renters Reviews and Ratings

2.0
2 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

  • Remodel

    December 5, 2022
    Remodeling is nice but the water gets shut off multiple times a week for "emergencies" (sometimes without notification), washer and dryers barely work, inconvenient repairs without necessary requirements for those with health issues or disabled, staff barely communicate with one another and will charge you for things that were paid for already. The list goes on.... All that glitters isn't gold. It may look better on the outside and some newer apartments, but the issues are worse than with prior ...
    management.

    • Property Manager Responded

      February 1, 2023
      We have a plumber on-site one week per month for the reno units.  Due to age of the building there are many repairs and plumbing part replacements required and we provide notice when there's a requirement to shut off the water. If you have any other concerns please reach out to us at info@omcwa.com and we will assist you further.
    Read More
    Review from Apartments.com

  • Beautiful remodel

    September 14, 2022
    Now, with the new manager, everything is cleaner and is new or remodeled. I love that they did work on the pool and that it was open this summer! The improvements keep popping up and they are really well done. The clubhouse is beautiful and cannot wait to have my kiddos party there.

    • Property Manager Responded

      January 25, 2023
      Thank you for taking the time to leave us such a good review! We love receiving positive feedback on our community and team members!
    Review from Apartments.com

Nearby Schools

Hudtloff Middle School

Clover Park
8102 Phillips Road Southwest
Public School - Grades 6-8 (627 Students)
In Attendance Zone1 minute drive / 0.2 miles away
2/10

Lakes High School

Clover Park
10320 Farwest Drive Southwest
Public School - Grades 9-12 (1286 Students)
In Attendance Zone4 minute drive / 2.1 miles away
6/10

Custer Elementary School

Clover Park
7801 Steilacoom Boulevard Southwest
Public School - Grades PK-5 (299 Students)
In Attendance Zone1 minute drive / 0.2 miles away
4/10

Harrison Preparatory School

Clover Park
9103 Lakewood Drive Southwest
Public School - Grades 6-12 (727 Students)
In Attendance Zone5 minute drive / 1.8 miles away
5/10
Contact Us About Nearby Schools
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Oak Terrace.

Big Box and Retail

Walgreens

8224 Steilacom Blvd SW
1 minute drive / 0.33 miles away

Albertsons

8611 Steilacoom SW
1 minute drive / 0.57 miles away

Walmart

7001 Bridgeport Way W
4 minute drive / 1.44 miles away

Colleges and Universities

Pierce College Fort Steilacoom - Fort Steilacoom

9401 Farwest Drive SW
4 minute drive / 1.56 miles away

Clover Park Technical College

4500 Steilacoom Blvd SW
4 minute drive / 2.03 miles away

Tacoma Community College

6501 S 19th Street
9 minute drive / 4.65 miles away

Groceries

Albertsons

8611 Steilacoom SW
1 minute drive / 0.57 miles away

Safeway

10223 Gravelly Lake Dr SW
4 minute drive / 1.5 miles away

Fred Meyer

6901 S 19th St
9 minute drive / 4.46 miles away

Hospitals

St. Clare Hospital

11315 Bridgeport Way S W
5 minute drive / 2.44 miles away

St. Joseph Medical Center

1717 South J Street
13 minute drive / 6.23 miles away

Military Bases

McChord Air Force Base

8 minute drive / 4.19 miles away

Camp Murray Washington

9 minute drive / 4.44 miles away

Shopping Centers

Steilacoom Heights

7701 Steilacoom Blvd SW
1 minute drive / 0.06 miles away

Steilacoom Plaza

7609 Steilacoom Blvd SW
1 minute drive / 0.08 miles away

Oakbrook Plaza

8011-8239 Steilacoom Blvd SW
1 minute drive / 0.16 miles away

Oak Terrace has 5 shopping centers within 0.4 miles.

Transit Stations

South 25th-Tacoma Link

13 minute drive / 6.43 miles away

Tacoma Dome Station-Tacoma Link

431 E 25th St
14 minute drive / 6.69 miles away

Tacoma Dome Station-Sounder South Line

431 E 25th St
14 minute drive / 6.69 miles away

Nearby Neighborhoods

Lake Louise

1 to 4 Bedroom Apartments from $1,275
View Rentals

Oakbrook

Studio to 4 Bedroom Apartments from $1,150
View Rentals

North Lakewood

Studio to 3 Bedroom Apartments from $1,195
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Lakewood Studio Apartments $1,209$860$2,099
Lakewood 1 Bedroom Apartments $1,510$995$2,943
Lakewood 2 Bedroom Apartments $1,848$1,200$4,135
Lakewood 3 Bedroom Apartments $2,319$1,779$2,950
Lakewood 4 Bedroom Apartments $2,985$1,976$3,995

Browse Top Apartments in Lakewood

By Price

By Community Type

By Amenities

Viewing: Oak Terrace | Desktop Version | Listing Updated: 10/20/2025 | AHLSLV