10240 Bridgeport Way SW Lakewood, WA $ 10,950,000
10240 Bridgeport Way SW
$ 10,950,000
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10240 Bridgeport Way SW

Lakewood, WA, 98499
$ 10,950,000
Baths0.0 Sq 48,214

Monthly Estimate*

$ 67,421

Listed by Westlake Associates, Inc.
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Studio

Multi-Family Home for sale in Lakewood, WA

for $10,950,000. This 48,214 square foot home was built in 2005 on a lot size of 1.3625.

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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Multi-Family Active

Price

$ 10,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 126,033

Style

10+ Units

Lot Size

1.3625

Year Built

2005

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2470082

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Heat Pump
Cooling None
Possession Closing
Roof Composition Flat
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced Security Gate
Year Built 2005
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 617174
Insurance Expense 21225
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lakewood
Possible Use Commercial Multi-Family
Special Listing Conditions None
Status Active
Directions Take exit 125 from I-5 S; Turn Right onto Bridgeport Way SW; in 0.9 mi destination will be on the left.
City Lakewood
Senior Community Y/N N
High School District Lakewood
Zoning Description Commercial Multi-Family
Number Of Units Total 46
MLS Area 40 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 59350
Carport Spaces 16
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 126033
Electric Expense 0
Fuel Expense 0
Public Remarks 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 on
Leasable Area 48214
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Elevator Storage
Units Below Grade false
Units In Building Total 50
Water Sewer Garbage 97919
Property Style 56 - 10+ Units
Cap Rate 5.64
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Building Area Total 48214
Lot Size Acres 1.3625
Waterfront Y/N N
Covered Spaces 16
Irrigation Water Rights Y/N N
Site Features Fenced-Partially Gated Entry
Parking Uncovered Total 71
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2470082
Street Number 1 10240
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* Excluded Features
List By
Reid Jones

Listing Agent

Westlake Associates, Inc.

Broker

Affordability Calculator

$77,924
Per Month
87%
13%
0%
Monthly Principal & Interest
$67,421
Monthly Property Taxes
$10,503
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256899 Elementary School
256742 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/20/2026$10,950,000 Listed Price

Map


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10240 Bridgeport Way SW, Lakewood, WA, 98499 is a Multi-Family Home for sale at $10,950,000 with 48,214 sqft and a lot size of 1.3625. 10240 Bridgeport Way SW is a studio with 0.0 baths and was built in 2005. The property's zip code is 98499 which is in Lakewood, WA