11212 Bridgeport Way SW Unit #10, Tacoma, WA 98499
- $1,375,000
- 7,500
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,375,000
- Status
- PENDING
- MLS#
- 2529802
- Days on Market
- 42
- Style
- 56 - 10+ Units
- Finished SqFt
- 7,500
- Area Total SqFt
- 7500
- Annual Tax Ammount
- 15574
- Lot Size (sq ft)
- 23,972
- Sewer
- Sewer Connected
Property Description
A 10-unit multifamily investment opportunity in South Puget Sound offers investors a stable, efficiently sized asset in an accessible, renter-demand driven neighborhood. Built in 1964, the property features (4) one-bedroom, (4) two-bedroom, and (2) three-bedroom one-bath units, appealing to a broad tenant base and supporting consistent occupancy. The property recently underwent capital improvements, including replacement of electrical panels in all units. Strategically located with excellent visibility and connectivity, the property provides convenient access to employment centers, military installations, and retail corridors. Residents enjoy proximity to shopping, dining, parks, and services. The property presents a clear value-add opportunity through potential interior upgrades, storage income implementation, and rental optimization. With strong fundamentals and straightforward operations, the asset offers immediate income stability and long-term upside. This offering represents an opportunity to acquire a well-located multifamily asset with scalable potential and durable tenant demand in the region.
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Additional Information
- List Date
- 2026-06-14 18:28:12
- Community
- Lakewood
- Net Operating Income
- $72,620
- Gross Adjusted Income
- $145,255
- Gross Scheduled Income
- $152,900
- Total Monthly Income
- $12,742
- Insurance Expenses
- $8,183
- Water/Sewer/Garbage Expenses
- $19,073
- Gross Rent Multiplier
- 8.99
- Total Expenses
- $72,635
- Cap Rate
- 5.32
- Vacancy Rate
- 5
- Total Number of Units
- 10
- Unit Name
- 11212
- Potential Terms
- Cash, Conventional
- Year Built
- 1964
- Roof
- Composition
- Other Expenses
- 29805
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $12,742
- Gross Scheduled Income
- $152,900
- Vacancy Rate
- 5
- Gross Adjusted Income
- $145,255
- Tax Year
- 2025
- Insurance Expense
- $8,183
- W/S/G Expenses
- $19,073
- Total Expenses
- $72,635
- Net Operating Income
- $72,620
- Gross Rent Multiplier
- 8.99
- Cap Rate
- 5.32
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.