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Stacy Lopes

stacy@simplihom.com +1(509) 901-2643

Listed by:Rethinking Real Estate LLC • Don J. Karstedt • Susan K. Karstedt

$ 799,950

Est. payment -/mo

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Pending

7418 207th AVE E Bonney Lake, WA 98391

6 Beds

6 Baths

2,788 SqFt

UPDATED:

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 $286

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

Live at Lake Tapps while rental income from next door helps offset housing costs. Rare owner-occupant or investment opportunity on a quiet dead-end street surrounded by mature trees. Each spacious unit offers nearly 1,400 sq ft with 3 bedrooms, 2.5 baths, full-size laundry, large primary suite with walk-in closet, private deck and backyard, plus an oversized 2-car garage. Vacant Unit 2 is move-in ready and recently refreshed with new interior paint, new laminate flooring throughout the main level, new front-load washer and dryer, new water heater, new range and granite countertops. Unit 1 has a reliable month-to-month tenant who would like to stay, providing immediate rental income. Unit 1 also had a furnace replacement and laminate kitchen/dining flooring in 2022. The entire building received a new roof and gutters in 2026. The previous Unit 2 tenant remained for 9 years, reflecting the property's strong tenant appeal. A standout feature is neighborhood membership with private access to Church Lake Park on Lake Tapps, including picnic areas, playground and boat launch access, a rare benefit in an area with limited public lake access. Owned by the sellers since new in 2003, this duplex combines long-term rental appeal, attractive pro forma income potential and the flexibility to live in one side while income from the other helps reduce monthly housing expense. Enjoy Lake Tapps access and a residential setting while building equity with income-producing real estate.

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

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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+1(509) 901-2643

stacy@simplihom.com