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JRJeff ReynoldsCompass · Seattle

Listed by Reid Jones, Westlake Associates, Inc.

48,214
Square feet
$197
Per sq ft
Multi Family
Type
2005
Year built
59,350 sq ft
Lot
174
Days on market

About this property

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.

Location & commute

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Directions

Property details

Listing details

Listing number
#2470082
Listed
January 20, 2026
Days on market
174
Price per sq ft
$197
Original list price
$10,950,000

Unit & building

Stories in building
3
Units in building
50

Parking

Covered spaces
16
Total spaces
87

Construction

Year built
2005
Style
56 - 10+ Units
Structure
Multi Family
Roof
CompositionFlat

Heating & cooling

Heating
BaseboardHeat Pump
Cooling
None
Energy source
Electric

Flooring

Flooring
Vinyl PlankCarpet

Lot

Lot features
Corner LotCurbsPavedSidewalk
Lot size
59,350 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Lakewood

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Multi Family
  • Composition
  • Flat
  • Baseboard
  • Heat Pump
  • None
  • Electric
  • Vinyl Plank
  • Carpet
  • Corner Lot
  • Curbs
  • Paved

Listing history

  1. Listed

    $10,950,000

    January 20, 2026

  2. Current price

    $9,500,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$55,320

Principal & interest
$48,037
Property tax (est.)
$7,283

Assumes $1,900,000 down (20%), a $7,600,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:15 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.