10240 Bridgeport Way SW, Lakewood, WA 98499
- $9,500,000
- 48,214
- SqFt
Listing courtesy of Westlake Associates, Inc..
- List Price
- $9,500,000
- Status
- PENDING
- MLS#
- 2470082
- Price Change
- ▼ $750,000 1778118876
- Days on Market
- 187
- Style
- 56 - 10+ Units
- Finished SqFt
- 48,214
- Area Total SqFt
- 48214
- Annual Tax Ammount
- 122848
- Lot Size (sq ft)
- 59,350
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-01-20 17:36:15
- Community
- Lakewood
- Net Operating Income
- $642,708
- Gross Adjusted Income
- $1,039,670
- Gross Scheduled Income
- $1,084,398
- Total Monthly Income
- $90,367
- Insurance Expenses
- $21,225
- Water/Sewer/Garbage Expenses
- $109,233
- Gross Rent Multiplier
- 10.62
- Total Expenses
- $396,962
- Cap Rate
- 6.77
- Vacancy Rate
- 5
- Total Number of Units
- 46
- Unit Name
- 10240
- Potential Terms
- Cash, Conventional
- Year Built
- 2005
- Roof
- Composition, Flat
- Site Features
- Fenced-Partially, Gated Entry
- Other Expenses
- 143656
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $90,367
- Gross Scheduled Income
- $1,084,398
- Vacancy Rate
- 5
- Gross Adjusted Income
- $1,039,670
- Tax Year
- 2026
- Insurance Expense
- $21,225
- W/S/G Expenses
- $109,233
- Total Expenses
- $396,962
- Net Operating Income
- $642,708
- Gross Rent Multiplier
- 10.62
- Cap Rate
- 6.77
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.