Oak Terrace Apartments

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(253) 540-2117
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42 Thunderbird Pky SW, Lakewood, WA 98498

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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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Contact

Oak Terrace

42 Thunderbird Pky SW
Lakewood, WA 98498
(253) 540-2117
Oak Terrace in Lakewood, WA - Building Photo
  • 1–2 Bedrooms
  • $1,475-$2,195Total Monthly Price
  • 680–1,029Square Feet

Rent Specials

Special!~~One Month Free Plus An Additional Free TV On Our Next Two Rentals!

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
  • 24/7 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 $1,475 and having 680–1,029 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees

  • 1 Bedroom

    1x1 Aspen Reno No W/D

    $1,475

    1 Bed, 1 Bath, 680 sq ft
    Total Monthly Price
    Available Now
    Cheapest 1 BedroomThis is the cheapest 1 Bedroom at this Property

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,475Available Now212680
    $1,475 March 17, 2026121680
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Smoke Free

    Model Lease Information

    Model Price

    • $1,475Total Monthly Price

    Unit 212 Amenities and Features

    Features

    • Smoke Free

    Unit 212 Lease Information

    Unit Price

    • $1,475Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $1,475Total Monthly Price

    Unit 121 Amenities and Features

    Features

    • Smoke Free

    Unit 121 Lease Information

    Unit Price

    • $1,475Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $1,475Total Monthly Price

    1x1 Aspen Reno with W/D

    From $1,545

    1 Bed, 1 Bath, 680 sq ft
    Total Monthly Price
    Available Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,545Available Now113680
    $1,575 April 18, 2026111680
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $1,545 - $1,575Total Monthly Price

    Unit 113 Lease Information

    Unit Price

    • $1,545Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,545 - $1,575Total Monthly Price

    Unit 111 Lease Information

    Unit Price

    • $1,575Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,545 - $1,575Total Monthly Price

    1X1 Willow Reno no W/D (Top floor)

    $1,595

    1 Bed, 1 Bath, 772 sq ft
    Total Monthly Price
    Available Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,595Available Now421772
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 421 Lease Information

    Unit Price

    • $1,595Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $1,595Total Monthly Price

    1X1 Willow Reno with W/D (Top floor)

    $1,695

    1 Bed, 1 Bath, 772 sq ft
    Total Monthly Price
    Available Mar 14

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,695 March 14, 2026416772
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 416 Lease Information

    Unit Price

    • $1,695Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $1,695Total Monthly Price

  • 2 Bedrooms

    2x1 Hawthorn Reno with W/D

    From $1,795

    2 Beds, 1 Bath, 865 sq ft
    Total Monthly Price
    Available Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,845Available Now105865
    $1,795 April 18, 2026210865
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $1,795 - $1,845Total Monthly Price

    Unit 105 Lease Information

    Unit Price

    • $1,845Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,795 - $1,845Total Monthly Price

    Unit 210 Lease Information

    Unit Price

    • $1,795Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,795 - $1,845Total Monthly Price

    2x2 Rowan Reno with W/D

    $2,045

    2 Beds, 2 Baths, 1029 sq ft
    Total Monthly Price
    Available Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,045Available Now3051029
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 305 Lease Information

    Unit Price

    • $2,045Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $2,045Total Monthly Price

    2X1 Hawthorn Classic

    $1,595

    2 Beds, 1 Bath, 865 sq ft
    Total Monthly Price
    Available Mar 18
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,595 March 18, 2026202865
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 202 Amenities and Features

    Features

    • Smoke Free

    Unit 202 Lease Information

    Unit Price

    • $1,595Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $1,595Total Monthly Price

    2X1 Hawthorn Classic Partial Reno

    $1,725

    2 Beds, 1 Bath, 865 sq ft
    Total Monthly Price
    Available Apr 15

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,725 April 15, 2026102865
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 102 Amenities and Features

    Features

    • Smoke Free

    Unit 102 Lease Information

    Unit Price

    • $1,725Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $1,725Total Monthly Price

    2x2 Rowan Reno with W/D (Top Floor)

    $2,195

    2 Beds, 2 Baths, 1029 sq ft
    Total Monthly Price
    Available Apr 15

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,195 April 15, 20264101029
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 410 Lease Information

    Unit Price

    • $2,195Total Monthly Price
      • View Details and Rent Estimate

    Model Rent and Fees

    Price

    • $2,195Total Monthly Price
Price shown is total price based on community-supplied monthly required fees. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. 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

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.

Required Fees

Utilities

Water/Sewer/GarbageiCharged per unit.Usage-Based/mo

Pet Policy and Fees

Cats

Allowed

Dogs

Allowed

Parking Info and Fees

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

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

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

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 $1,475 to $2,195

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!~~One Month Free Plus An Additional Free TV On Our Next Two Rentals!.

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

Madigan Army Medical Center (Fort Lewis)

9040 Jackson Avenue
10 minute drive / 4.87 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

Studio to 3 Bedroom Apartments from $1,095
View Rentals

Oakbrook

1 to 3 Bedroom Apartments from $1,095
View Rentals

North Lakewood

Studio to 3 Bedroom Apartments from $1,095
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Lakewood Studio Apartments $1,208$995$2,774
Lakewood 1 Bedroom Apartments $1,621$950$2,980
Lakewood 2 Bedroom Apartments $1,993$1,200$3,015
Lakewood 3 Bedroom Apartments $2,351$1,757$3,175
Lakewood 4 Bedroom Apartments $2,221$1,967$2,595

Browse Top Apartments in Lakewood

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Viewing: Oak Terrace | Desktop Version | Listing Updated: 03/05/2026 | AHLSLV