7418 207th AVE E, Bonney Lake, WA 98391
7418 207th AVE E, Bonney Lake, WA 98391
7418 207th AVE E, Bonney Lake, WA 98391
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by:Rethinking Real Estate LLC • Don J. Karstedt
$865,000
Est. payment /mo
6 Beds
6 Baths
2,788 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,788 sqft

Price per Sqft $310

Subdivision Church Lake

MLS Listing ID 2527663

Style 52 - Duplex

Bedrooms 6

HOA Fees $235/ann

Year Built 2003

Annual Tax Amount $7,797

Lot Size 0.350 Acres

Property Sub-Type Multi Family

Property Description

Rare opportunity to own a well-maintained duplex in the highly desirable Lake Tapps area, tucked away on a quiet dead-end street surrounded by mature trees and a peaceful neighborhood setting. Purchased from builder by sellers in 2003, this property has been an exceptional long-term investment with strong appreciation, reliable tenants, and steadily increasing rental income. Each spacious unit offers nearly 1400 sq ft with 3 bedrooms, 2.5 baths, full-size laundry, large primary suites with walk-in closets, private decks, backyards, and oversized 2-car garages, a combination that has made tenant retention remarkably strong. Current tenant in Unit 1 has been extremely reliable and would like to stay. The previous tenant in Unit 2 remained for 9 years. Unit 2 has recently been refreshed with new interior paint, new laminate flooring throughout the main level, new front-load washer and dryer, new water heater, and new range. Unit 2 also features granite countertops, while Unit 1 offers laminate flooring in the kitchen and dining areas. Entire building received a new roof and gutters in 2026. Neighborhood membership includes access to coveted Church Lake Park on Lake Tapps with private picnic areas, playground, + boat launch access, a rare amenity in an area with limited public lake access. Opportunity for either an investor seeking strong rental appeal and upside potential, or an owner-occupant looking to offset mortgage costs with built-in rental income.

Location

State WA

County Pierce

Area 109 - Lake Tapps/Bonney Lake

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Garage Spaces 4.0

Amenities Available Deck

View Y/N No

Roof Type Composition

Building

Lot Description Dead End Street, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Emerald Hills Elem

Middle Schools Lakeridge Middle

High Schools Bonney Lake High

School District Sumner-Bonney Lake

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://youtu.be/7aKYfYYm9UI?si=ExIfr6bX04tRS10K

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Josh Barnard

Josh Barnard

+1(253) 677-5765

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