Property Details
10240 Bridgeport Way SW
Lakewood, WA 98499
$9,500,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Lakewood
Listed
Jan 20, 2026
Original Price
$10,950,000
Financial Summary
Cap Rate
6.77%
Net Operating Income
$642,708
Gross Scheduled Income
$1,084,398
Gross Rent Multiplier
10.62
Total Expenses
$396,962
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
48,214
Leasable Area
48,214 sqft
Total Units
46
Zoning
Commercial,Multi-Family
Possible Use
Commercial, Multi-Family
Lot Size
1.36 acres
Year Built
2005
Exterior & Lot
Lot Size
1.36 sqft
Year Built
2005
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Lakewood
County
Pierce
Coordinates
47.16386, -122.50727
Additional Information
Tax Year
2026
Annual Taxes
$122,848
Possession
Array
Based on information submitted to the MLS GRID as of May 6, 2026 9:00 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
