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MLS: #NWM2525348, Listed By: Gabe Blake, Blake Investment Advisors, Source:NWMLS - Northwest Multiple Listing Service

12413 Bridgeport Way

Lakewood, WA 98499
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Bed 0

Bed

Bath 0

Bath

Acres2.62

Acres(Lot)

Gen Villas is a cash-flowing value-add 14-unit apartment community situated on 2.62 acres in a serene creek-side setting surrounded by lush greenery in Lakewood, located less than 2 miles from Joint Base Lewis-McChord, Pierce County’s largest employer. The property consists of 14 units across two separate buildings: a 6-unit building located at the front of the property, originally constructed in 1972, and an 8-unit building situated at the rear of the property, built in 1955. The unit mix includes one 4-bedroom / 3-bathroom unit, one 3-bedroom / 1-bathroom unit, three 2-bedroom / 1-bathroom units, and nine 1-bedroom / 1-bathroom apartments. Seven units at the property have been updated to a similar finish level as photographed in Unit 5, featuring luxury vinyl plank flooring, fresh i nterior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the remaining 7 units and increase rents approximately 17% to market. A Additionally, Units 1, 2, and 4 include in-unit washer and dryer stacks, while the remaining units benefit from access to an on-site community laundry facility. Residents benefit from an ample supply of off-street parking, including 6 carports and 3 surface parking stalls serving the front building, as well as an additional 16 surface parking stalls designated for the rear building.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,900,000

AD Id : 79271527

MLS Id : NWM2525348

Lot Size : 2.62 Acres

Year Built : 1972

County : Pierce

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Feature Features

  • Interior Features

    Roof: Composition

    Roofing Information

    Composition
  • Flooring Information

    Flooring: See Remarks Construction Materials: See Remarks
  • Heating & Cooling

    Heating: See Remarks Has Heating: Yes Cooling: None

  • Building Information

    Year Built: 1972
  • Exterior Features

    See Remarks Construction Materials: See Remarks

  • Lot Information

    Lot Square Feet: 114127 Lot Acres: 2.62

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1900000

  • Tax Information

    Annual Tax: $26305 Tax Year: 2026 Parcel Number: 0219123054

  • Parking Information

    Total Parking: 25

  • Utility Information

    Sewer: Sewer Connected
  • Location Information

    Subdivision: Lakewood City: Lakewood Direction: Take Bridgeport Way SW and head south. Continue on Bridgeport Way SW for approximately 2 miles. The property, 12413 Bridgeport Way SW, will be located on your right-hand side in Lakewood.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5702 5708 79th Street #.., Lakewood, WA, 98499 $3,180,000 -- -- 8,564 8,564 SqFt
6801 -6803 Steilacoom B.., Lakewood, WA, 98499 $620,000 -- -- 1,548 1,548 SqFt
6411 Lake Grove Street, Lakewood, WA, 98499 $565,000 -- -- 1,836 1,836 SqFt
5907 TO 5909 SW 111th #.., Lakewood, WA, 98499 $590,077 -- -- 2,360 2,360 SqFt
8701 72nd Avenue Ct, Lakewood, WA, 98499 $649,500 -- -- 2,870 2,870 SqFt
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ByOwner last updated this listing 06/25/2026 @ 06:20

MLS: NWMLS #2525348 LISTED BY: Gabe Blake, Blake Investment Advisors 206-618-2207 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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