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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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
Income Restrictions
  • 1–2 Bedrooms
  • $1,645–$2,045Rent Pricing
  • 772–1,088Square Feet

Rent Specials

Special!~~Move in now, pay no rent for the 1st month!

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 $1,645 and having 772–1,088 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    $1,645

    1x1 Willow Reno with W/D

    1 Bed, 1 Bath, 772 sq ftAvailable Jul 18

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,645 July 18, 2025312772

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 312 Rent and Fees

    Price

    • $1,645

    Model Rent and Fees

    Price

    • $1,645

  • 2 Bedrooms

    $1,695

    2X1 Hawthorn Classic

    2 Beds, 1 Bath, 865 sq ftCheapest 2 BedroomThis is the cheapest 2 Bedroom at this PropertyAvailable Now

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,695Available Now107865

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 107 Rent and Fees

    Price

    • $1,695

    Model Rent and Fees

    Price

    • $1,695

    $1,795

    2X1 Hawthorn Reno No W/D

    2 Beds, 1 Bath, 865 sq ftAvailable Now

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,795Available Now214865

    Unit 214 Amenities and Features

    Features

    • Smoke Free

    Unit 214 Rent and Fees

    Price

    • $1,795

    Model Rent and Fees

    Price

    • $1,795

    $1,845

    2X2 Rowan Reno no W/D

    2 Beds, 2 Baths, 1029 sq ftAvailable Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,845Available Now3221029

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 322 Rent and Fees

    Price

    • $1,845

    Model Rent and Fees

    Price

    • $1,845

    From $1,795

    2x1 Hawthorn Reno with W/D

    2 Beds, 1 Bath, 865 sq ftAvailable Jun 24

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,845 June 24, 2025204865
    $1,795 July 8, 2025208865
    $1,875 July 11, 2025116865

    Model Amenities and Features

    Features

    • Smoke Free

    Model Rent and Fees

    Price Range

    • $1,795 - $1,875

    Rent Pricing

    • $1,795 - $1,875

    Unit 204 Amenities and Features

    Features

    • Smoke Free

    Unit 204 Rent and Fees

    Price

    • $1,845

    Model Rent and Fees

    Price

    • $1,795 - $1,875

    Unit 208 Amenities and Features

    Features

    • Smoke Free

    Unit 208 Rent and Fees

    Price

    • $1,795

    Unit Description

    The greatest apartment living in Lakewood is waiting for you...Look no more!!! Oak Terrace offers fully remodeled homes with brand new luxury vinyl flooring, custom paint and trim. Absolutely amazing brand-new stainless-steel appliance package, new white soft close cabinetry and stunning solid surface counter tops. Don't forget about your perfect size stack-able washer and dryer and private patio! Oak Terrace is a controlled access community with elevators and stairwells. Secure Parcel Pending packages lockers so you’ll never miss a package. Enjoy the ease of laundry rooms on each floor, the refreshing seasonal pool and beautifully updated mail room, clubhouse and media room available to reserve for parties or sports events! We are near an abundance of parks, trails, and beach fun. Enjoy Fort Steilacoom Park, Lakewood Active Park, Bresemann Forest Park, and Chambers Bay. Spend time at Lake Steilacoom, Chambers Bay Golf Course, or historic downtown Steilacoom. Public transportation, shopping, restaurants, and even karaoke, nearby. Wait no more, we're always here for you to schedule you're in person tour today!!! (FromUnitType)

    Model Rent and Fees

    Price

    • $1,795 - $1,875

    Unit 116 Amenities and Features

    Features

    • Smoke Free

    Unit 116 Rent and Fees

    Price

    • $1,875

    Unit Description

    The greatest apartment living in Lakewood is waiting for you...Look no more!!! Oak Terrace offers fully remodeled homes with brand new luxury vinyl flooring, custom paint and trim. Absolutely amazing brand-new stainless-steel appliance package, new white soft close cabinetry and stunning solid surface counter tops. Don't forget about your perfect size stack-able washer and dryer and private patio! Oak Terrace is a controlled access community with elevators and stairwells. Secure Parcel Pending packages lockers so you’ll never miss a package. Enjoy the ease of laundry rooms on each floor, the refreshing seasonal pool and beautifully updated mail room, clubhouse and media room available to reserve for parties or sports events! We are near an abundance of parks, trails, and beach fun. Enjoy Fort Steilacoom Park, Lakewood Active Park, Bresemann Forest Park, and Chambers Bay. Spend time at Lake Steilacoom, Chambers Bay Golf Course, or historic downtown Steilacoom. Public transportation, shopping, restaurants, and even karaoke, nearby. Wait no more, we're always here for you to schedule you're in person tour today!!! (FromUnitType)

    Model Rent and Fees

    Price

    • $1,795 - $1,875

    $2,045

    2x2 Rowan Reno with W/D

    2 Beds, 2 Baths, 1029 sq ftAvailable Jun 24

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,045 June 24, 20253171029

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 317 Rent and Fees

    Price

    • $2,045

    Model Rent and Fees

    Price

    • $2,045

    $1,775

    2X2 Maple Classic

    2 Beds, 2 Baths, 975 sq ftAvailable Jul 18

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,775 July 18, 2025211975

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 211 Rent and Fees

    Price

    • $1,775

    Model Rent and Fees

    Price

    • $1,775

    $1,845

    2x2 Acacia Classic

    2 Beds, 2 Baths, 1088 sq ftLargest 2 BedroomThis is the largest 2 Bedroom at this PropertyAvailable Jul 25

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,845 July 25, 20253061088

    Model Amenities and Features

    Features

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

    Kitchen

    • Stainless Steel Appliances

    Unit 306 Rent and Fees

    Price

    • $1,845

    Unit Description

    **Receive up to 1-month free rent. Lease Within 24 Hours and get a Free Mounted 55" TV or Laptop. Call for More Details!** The greatest apartment living in Lakewood is waiting for you...Look no more!!! Oak Terrace offers fully remodeled homes with brand new luxury vinyl flooring, custom paint and trim. Absolutely amazing brand-new stainless-steel appliance package, new white soft close cabinetry and stunning solid surface counter tops. Don't forget about your perfect size stack-able washer and dryer and private patio! Oak Terrace is a controlled access community with elevators and stairwells. Secure Parcel Pending packages lockers so you’ll never miss a package. Enjoy the ease of laundry rooms on each floor, the refreshing seasonal pool and beautifully updated mail room, clubhouse and media room available to reserve for parties or sports events! We are near an abundance of parks, trails, and beach fun. Enjoy Fort Steilacoom Park, Lakewood Active Park, Bresemann Forest Park, and Chambers Bay. Spend time at Lake Steilacoom, Chambers Bay Golf Course, or historic downtown Steilacoom. Public transportation, shopping, restaurants, and even karaoke, nearby. Wait no more, we're always here for you to schedule you're in person tour today!!!

    Model Rent and Fees

    Price

    • $1,845
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 months
Ask About Our Lease Terms

Pet Policy - Cats and Dogs

  • 2 Pet Limit
  • $200 Fee
  • 60 lb Weight Limit
  • Must Be Spayed/Neutered
  • $25 Monthly Pet Rent
Ask Us About Our Pet Policy

Parking Fees & Info

Parking Car Port

  • Car Port Fee: $35 To $50 /Mo
  • Assigned Parking. Carports: $35 $50 | Uncovered Parking: Free

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

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 $1,645 to $2,045

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?

Yes. Pets are allowed at Oak Terrace. Call us today for info on moving here with your pet.

Are there any rent specials?

The current rent special at Oak Terrace is: Special!~~Move in now, pay no rent for the 1st month!.

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
5/10

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
Grocery Outlet
3510 S 56th St
6 minute drive / 3.22 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

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

Oakbrook

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

North Lakewood

Studio to 4 Bedroom Apartments from $1,095
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Lakewood Studio Apartments $1,258$995$1,899
Lakewood 1 Bedroom Apartments $1,468$850$2,099
Lakewood 2 Bedroom Apartments $1,867$1,195$4,135
Lakewood 3 Bedroom Apartments $2,348$1,800$3,799
Lakewood 4 Bedroom Apartments $3,182$2,350$3,700

Browse Top Apartments in Lakewood

By Price

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Viewing: Oak Terrace | Desktop Version | Listing Updated: 06/20/2025 | AHLSLV