11212 Bridgeport Way SW - Apartments FOR SALE


Lakewood, WA 98499- Lakeview Tacoma
$1,375,000 USD
360-771-0010
11212 Bridgeport Way SW, Lakewood, WA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/10
null | 5.32% Cap Rate

11212 Bridgeport Way SW
Lakewood, WA 98499
Lakeview Tacoma


HIGHLIGHTS

  • Strong unit mix of (4) one-bedroom, (4) two-bedroom, and (2) three-bedroom one-bath units offering broad appeal across a wide range of tenant profiles
  • Recent capital improvements include new electrical panels
  • Well-positioned 10-unit multifamily asset in Lakewood with stable in-place income and operational upside potential to push returns above a 7% Cap Rate
  • Desirable location along Bridgeport Way SW offering tenants excellent accessibility to employment, retail, dining, and transit corridors in the region
  • Proximity to Tacoma and Joint Base Lewis-McChord drives consistent rental demand and supports a stable, diverse pool of quality long-term tenants here
  • Close proximity to shopping, dining, parks, and everyday amenities strengthens the property's tenant appeal and supports consistently strong retention

OVERVIEW

Show more1:29 PM????Claude responded: Tradewinds Apartments is a well-positioned 10-unit multifamily investment opportunity located at 11212 Bridgeport Way SW in Lakewood. Tradewinds Apartments is a well-positioned 10-unit multifamily investment opportunity located at 11212 Bridgeport Way SW in Lakewood, offering investors the chance to acquire a stable, efficiently sized asset in one of South Puget Sound's most accessible and renter-demand driven submarkets. Built in 1964, the property features a highly attractive and functional unit mix consisting of (4) one-bedroom one-bath units, (4) two-bedroom one-bath units, and (2) three-bedroom one-bath units, appealing to a broad tenant base from individuals to families and supporting consistent occupancy and long-term tenancy. The property has recently undergone capital improvements including a replacement of electrical panels in all units, and its strategic location along Bridgeport Way SW provides excellent visibility and connectivity with convenient access to Tacoma, Joint Base Lewis-McChord, and major retail corridors. Residents enjoy proximity to shopping, dining, parks, and everyday services, making Tradewinds Apartments a practical and desirable housing option within the Lakewood market. The property presents a clear value-add opportunity through the potential for additional interior upgrades, implementation of storage income, and rental optimization to better align with current market conditions, and with strong underlying fundamentals and a straightforward operational profile, it offers both immediate income stability and long-term upside within a growing and evolving submarket with scalable potential and durable tenant demand in the greater Puget Sound region.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

10

PRICE/UNIT

$137,500

CAP RATE

5.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tradewinds Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

R4

APN/PARCEL ID

021911-1043

ASK ABOUT THIS PROPERTY

Tanner FogleParagon Real Estate AdvisorsMore Info
360-771-0010

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Tanner FogleParagon Real Estate AdvisorsMore Info
360-771-0010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.