Tradewinds Apartments 11212 Bridgeport Way SW 10 Unit Apartment Building $1,375,000 ($137,500/Unit) 5.32% Cap Rate Lakewood, WA 98499

Show more1:29 PM????Claude responded: Tradewinds Apartments is a well-positioned 10-unit multifamily investment opportunity located at 11212 Bridgeport Way SW in Lakewood. Tradewinds Apartments is a well-positioned 10-unit multifamily investment opportunity located at 11212 Bridgeport Way SW in Lakewood, offering investors the chance to acquire a stable, efficiently sized asset in one of South Puget Sound's most accessible and renter-demand driven submarkets. Built in 1964, the property features a highly attractive and functional unit mix consisting of (4) one-bedroom one-bath units, (4) two-bedroom one-bath units, and (2) three-bedroom one-bath units, appealing to a broad tenant base from individuals to families and supporting consistent occupancy and long-term tenancy. The property has recently undergone capital improvements including a replacement of electrical panels in all units, and its strategic location along Bridgeport Way SW provides excellent visibility and connectivity with convenient access to Tacoma, Joint Base Lewis-McChord, and major retail corridors. Residents enjoy proximity to shopping, dining, parks, and everyday services, making Tradewinds Apartments a practical and desirable housing option within the Lakewood market. The property presents a clear value-add opportunity through the potential for additional interior upgrades, implementation of storage income, and rental optimization to better align with current market conditions, and with strong underlying fundamentals and a straightforward operational profile, it offers both immediate income stability and long-term upside within a growing and evolving submarket with scalable potential and durable tenant demand in the greater Puget Sound region.