Town Centre Village
Multifamily | 50 Units | $190,000/unit
Marketing description
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. Residents enjoy a highly active lifestyle with Fort Steilacoom Park, American Lake, and Chambers Creek Regional Park all nearby, along with golf at Oakbrook Golf Club just ten minutes away. Surrounded by a vibrant mix of restaurants, recreation, and services, this location supports strong rental demand and positions the property as a standout mixed-use investment in a thriving submarket.
Investment highlights
• 37 residential units featuring large 1-3 BD floorplans
• 13 retail suites providing diversified income streams
• All retail tenants under established NNN Leases
• Mixed-use building plus separate townhome style fourplex
• Built in 2005 with additional 2017 expansion
• Upgraded units with modern flooring, cabinets, finishes
• Full in-unit washer and dryer in every unit
• On-site daycare, award-winning salon, and café
• Retail spaces fully served by HVAC systems
• Secured 24-hour resident parking
• 87 total on-site parking spaces
• Main building equipped with an elevator
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
























