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10240 Bridgeport Way SW
Lakewood, WA 98499
Town Centre Village · Multifamily Property For Sale
·
37 Units
Investment Highlights
- Mixed-Use Investment Opportunity in Lakewood
- Built in 2005 with additional 2017 expansion
- Secured resident parking
- 37 Residential Units with 13 Retail Suites
- Upgraded units with modern flooring, cabinets, finishes
- High visibility frontage along Bridgeport Way SW
Executive Summary
Town Centre Village is a well-maintained mixed-use investment offering a compelling blend of scale, diversification, and modern appeal. The property features 37 spacious residential units with large one- to three-bedroom floor plans, complemented by 13 street-level retail suites that provide multiple income streams. Built in 2005 with expansion in 2017, the asset includes a main elevator-served building as well as a separate townhome-style fourplex. Residential units have been upgraded with contemporary flooring, cabinetry, and finishes, and every unit is equipped with a full in-unit washer and dryer. Retail tenants operate under established NNN leases and benefit from fully served HVAC systems, while on-site amenities include secured 24-hour resident parking, 87 total parking spaces, an on-site daycare, salon, and café—enhancing both tenant demand and long-term stability.
Ideally positioned along high-visibility Bridgeport Way SW, the property offers immediate access to I-5, Tacoma, and Joint Base Lewis-McChord, with Lakewood Towne Center’s retail and dining options just minutes away. The Lakewood Transit Center is located under two miles from the site, further strengthening commuter appeal. Residents enjoy a highly active lifestyle with Fort Steilacoom Park, American Lake, and Chambers Creek Regional Park all nearby, along with golf at Oakbrook Golf Club just ten minutes away. Surrounded by a vibrant mix of restaurants, recreation, and services, this location supports strong rental demand and positions the property as a standout mixed-use investment in a thriving submarket.
Ideally positioned along high-visibility Bridgeport Way SW, the property offers immediate access to I-5, Tacoma, and Joint Base Lewis-McChord, with Lakewood Towne Center’s retail and dining options just minutes away. The Lakewood Transit Center is located under two miles from the site, further strengthening commuter appeal. Residents enjoy a highly active lifestyle with Fort Steilacoom Park, American Lake, and Chambers Creek Regional Park all nearby, along with golf at Oakbrook Golf Club just ten minutes away. Surrounded by a vibrant mix of restaurants, recreation, and services, this location supports strong rental demand and positions the property as a standout mixed-use investment in a thriving submarket.
Property Facts
| Price Per Unit | $295,946 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.36 AC |
| Cap Rate | 5.64% | Building Size | 48,004 SF |
| Gross Rent Multiplier | 12.21 | Average Occupancy | 92% |
| No. Units | 37 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 1.48/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NC2 | ||
| Price Per Unit | $295,946 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| Gross Rent Multiplier | 12.21 |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.36 AC |
| Building Size | 48,004 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 2005 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | NC2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Vaulted Ceiling
- Satellite TV
- Walk-In Closets
- Carpet
- Patio
- Smoke Free
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- On-Site Retail
- On-Site ATM
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 732 |
| 2+2 | 11 | - | 954 |
| 3+2 | 2 | - | 1,848 |
| 3+3 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $8,447,500 | |
| Land Assessment | $1,656,900 | Total Assessment | $10,104,400 |
Property Taxes
Parcel Numbers
Land Assessment
$1,656,900
Improvements Assessment
$8,447,500
Total Assessment
$10,104,400
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