Listing provided courtesy of Westlake Associates, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2470082MLS Provider

10240 Bridgeport Way SWLakewood, WA 98499

Multi-Family · 55 Beds · 48,214 Sq. ft. | 1.36 Acres
$9,500,000 Pending

10240 Bridgeport Way SW Overview

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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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10240 Bridgeport Way SW Facts & Features

  • Type Multi-Family
  • Sq. ft. 48,214
  • Price/Sq.ft. $197
  • Lot 1.36 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Lakewood

Income/Expenses

  • Other Expense: 143656
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 1084398
  • Insurance Expense: 21225
  • Net Operating Income: 642708
  • Total Expenses: 396962
  • Total Monthly Income: 90367
  • Water/Sewer/Garbage: 109233

Building Information

  • New Construction: No
  • Year Built: 2005

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 40 - Lakewood
  • Subdivision Name: Lakewood

Community/Development

  • Amenities: Elevator,Storage

Tax Information

  • Tax Annual Amount: $122,848.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 5400000541
  • Possible Use: Commercial,Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 48214
  • Building Area Units: Square Feet
  • Calculated Square Footage: 48214
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Heating: Yes
  • Leasable Area: 48214
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced,Security Gate
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 87
  • Parking Uncovered Total: 71

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Acres: 1.3625
  • Lot Size Square Feet: 59350
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially, Gated Entry
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition, Flat
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 16
  • Carport: No
  • Covered Spaces: 16
  • Exterior Features: Wood
  • Number Of Units Total: 46
  • Sewer: Sewer Connected

Unit Information

Unit 44 Details

  • Actual Rent: 1083

Unit 38 Details

  • Actual Rent: 1150

Unit 39 Details

  • Actual Rent: 1150

Unit 41 Details

  • Actual Rent: 1214

Unit 1 Details

  • Actual Rent: 1305
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1330
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1345
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1345
  • Beds Total: 1
  • Baths Total: 1

Unit 9 Details

  • Actual Rent: 1345
  • Beds Total: 1
  • Baths Total: 1

Unit 11 Details

  • Actual Rent: 1345
  • Beds Total: 1
  • Baths Total: 1

Unit 17 Details

  • Actual Rent: 1345
  • Beds Total: 1
  • Baths Total: 1

Unit 18 Details

  • Actual Rent: 1345
  • Beds Total: 1
  • Baths Total: 1

Unit 14 Details

  • Actual Rent: 1365
  • Beds Total: 1
  • Baths Total: 1

Unit 10 Details

  • Actual Rent: 1365
  • Beds Total: 1
  • Baths Total: 1

Unit 7 Details

  • Actual Rent: 1375
  • Beds Total: 1
  • Baths Total: 1

Unit 8 Details

  • Actual Rent: 1400
  • Beds Total: 1
  • Baths Total: 1

Unit 16 Details

  • Actual Rent: 1400
  • Beds Total: 1
  • Baths Total: 1

Unit 13 Details

  • Actual Rent: 1425
  • Beds Total: 1
  • Baths Total: 1

Unit 22 Details

  • Actual Rent: 1425
  • Beds Total: 1
  • Baths Total: 1

Unit 23 Details

  • Actual Rent: 1425
  • Beds Total: 1
  • Baths Total: 1

Unit 15 Details

  • Actual Rent: 1425
  • Beds Total: 1
  • Baths Total: 1

Unit 19 Details

  • Actual Rent: 1425
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1450
  • Beds Total: 1
  • Baths Total: 1

Unit 21 Details

  • Actual Rent: 1450
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1468
  • Beds Total: 1
  • Baths Total: 1

Unit 20 Details

  • Actual Rent: 1480
  • Beds Total: 1
  • Baths Total: 1

Unit 12 Details

  • Actual Rent: 1520
  • Beds Total: 1
  • Baths Total: 1

Unit 26 Details

  • Actual Rent: 1695
  • Beds Total: 2
  • Baths Total: 2

Unit 25 Details

  • Actual Rent: 1700
  • Beds Total: 2
  • Baths Total: 2

Unit 28 Details

  • Actual Rent: 1745
  • Beds Total: 2
  • Baths Total: 2

Unit 30 Details

  • Actual Rent: 1745
  • Beds Total: 2
  • Baths Total: 2

Unit 32 Details

  • Actual Rent: 1745
  • Beds Total: 3
  • Baths Total: 2

Unit 29 Details

  • Actual Rent: 1765
  • Beds Total: 2
  • Baths Total: 2

Unit 24 Details

  • Actual Rent: 1850
  • Beds Total: 2
  • Baths Total: 2

Unit 27 Details

  • Actual Rent: 2000
  • Beds Total: 2
  • Baths Total: 2

Unit 33 Details

  • Actual Rent: 2000
  • Beds Total: 2
  • Baths Total: 2

Unit 42 Details

  • Actual Rent: 2047

Unit 34 Details

  • Actual Rent: 2058
  • Beds Total: 2
  • Baths Total: 2

Unit 31 Details

  • Actual Rent: 2220
  • Beds Total: 2
  • Baths Total: 2

Unit 37 Details

  • Actual Rent: 2250
  • Beds Total: 3
  • Baths Total: 3

Unit 36 Details

  • Actual Rent: 2300
  • Beds Total: 3
  • Baths Total: 2

Unit 35 Details

  • Actual Rent: 2400
  • Beds Total: 3
  • Baths Total: 2

Unit 46 Details

  • Actual Rent: 2775

Unit 45 Details

  • Actual Rent: 4400

Unit 40 Details

  • Actual Rent: 701

Unit 43 Details

  • Actual Rent: 821

10240 Bridgeport Way SW Neighborhood

Community

98499 (Lakewood) Demographics

33
Median Age
3,254
Population Density (per sq. mile)
30%
College Educated
$50,037
Estimated Median Income
4,435
Estimated Total Home Owners
8,688
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10240 Bridgeport Way SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10240 Bridgeport Way SW Market Data

Based on the last 30 days in this zip code

$633,602
Average List Price
$301
Average Price per Square Foot
17
Properties Sold
72
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network