12413 Bridgeport Way Sw, Lakewood, WA 98499

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: gabe blake, josh blake
Office: blake investment advisors
MLS#:2525348
Source:NWMLS
12413 Bridgeport Way Sw,Lakewood, WA 98499
$1,650,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,650,000

About this home

MOTIVATED SELLER! $117K PER UNIT & 6.93% CAP RATE | 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 interior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the...

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Home facts

  • Year built:1972
  • Subdivision & Development:Lakewood
  • Listing ID #:2525348
  • Updated:September 05, 2026 at 12:20 AM

Structure and exterior

  • Roof:Composition
  • Year built:1972
  • Lot area:2.62 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,650,000
  • Tax amount:$26,305 (2026)

Parking

  • Total parking spaces:25
  • Carport spaces:6
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