$1,900,000
Est. $9,798/mo12413 Bridgeport Way Sw, Lakewood, WA 98499
• Listed 2026-05-26•6 days on market
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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 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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No upcoming open houses scheduled for this property.
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12413 Bridgeport Way Sw, Lakewood, WA 98499
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of August 3, 2026 at 03:02pm (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Listed by Gabe Blake • Blake Investment Advisors
Listing updated: August 3, 2026 at 03:02pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2525348
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Lakewood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$392,500 Sold
1 week ago
3 bd•1 ba•~1,408 sq ft•Single Family
12624 Glenwood Avenue Sw, Lakewood, WA 98499
3%
Under list
—
Days on market
0.8 mi
Distance
$743,000 Sold
2 months ago
3 bd•2.25 ba•~2,634 sq ft•Single Family
11927 Nyanza Road Sw, Lakewood, WA 98499
1%
Under list
—
Days on market
1.0 mi
Distance
$630,000 Sold
3 months ago
3 bd•1.75 ba•~1,860 sq ft•Single Family
12527 Glenwood Avenue Sw, Lakewood, WA 98499
1%
Over list
—
Days on market
0.7 mi
Distance
$955,000 Sold
4 months ago
•Single Family
11213 Kline Street Sw, Lakewood, WA 98499
4%
Under list
—
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
