We are pleased to present Town Centre Village, a premier investment opportunity in Lakewood, WA. This offering includes 2 well-maintained buildings: a 41,072SF mixed-use property comprising 33 residential units and 9 commercial spaces with frontage along Bridgeport Way, and a 6,932SF 4-Plex featuring 2 & 3 bedroom units. Ample parking is offered, including 40 surface spaces, 31 gated spaces, and 16 gated and covered spaces. With the potential to increase rental income by approximately 11% through minor renovations and rent adjustments to market rates, Town Centre Village presents a compelling value-add opportunity. The commercial component is currently 83% occupied, with the majority of tenants secured under long-term NNN leases.
Listing Provided Courtesy of Brendan Greenheck, Northmarq Multifamily, LLC
General Information
NWM2349285
Multi Family
135
DOM
1.36 acres
0
2005
Pierce
Tyee Park Elem
Lochburn Mid
Clover Park Hig
Residential Incom
Multi Family
Listing Provided Courtesy of Brendan Greenheck, Northmarq Multifamily, LLC
Krishna Realty data last checked: Aug 14, 2025 03:06 | Listing last modified Aug 07, 2025 17:47,
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Residence Information
0
Flat
56 - 10+ Units
2005
Storage
Features and Utilities
Wood
Public
Septic Tank, Sewer Connected
0
Financial
92705
Cash Out, Conventional
03-25-2025
Comparable Information
135
135
Cash Out, Conventional
$11,750,000
$11,750,000
Aug 07, 2025 17:47
Schools
Elementary : Tyee Park ElemN/ARatings Middle : Lochburn Mid N/ARatings High : Clover Park HigN/ARatings
We are pleased to present Town Centre Village, a premier investment opportunity in Lakewood, WA. This offering includes 2 well-maintained buildings: a 41,072SF mixed-use property comprising 33 residential units and 9 commercial spaces with frontage along Bridgeport Way, and a 6,932SF 4-Plex featuring 2 & 3 bedroom units. Ample parking is offered, including 40 surface spaces, 31 gated spaces, and 16 gated and covered spaces. With the potential to increase rental income by approximately 11% through minor renovations and rent adjustments to market rates, Town Centre Village presents a compelling value-add opportunity. The commercial component is currently 83% occupied, with the majority of tenants secured under long-term NNN leases.
