7418 207th Ave E

Bonney Lake, WA 98391
  • $820,000

    Price
  • 6

    Bed
  • 6

    Bath
  • 2,788

    SqFt

About the Listing 2360 - 24202,35350

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.

Listing Highlights

Status Active
Days on Site 120
Property Type Multi-Family
MLS ® 2527663
Year Built 2003
Total Square Footage 2,788
Lot/Acreage 0.35
County Pierce
Building Name Church Lake Waterfront
Neighborhood Church Lake
HOA Dues 235/Annually
School District Sumner-Bonney Lake
Elementary School Emerald Hills Elementary
Middle School Lakeridge Middle
High School Bonney Lake High

Interior Details

  • Bedrooms: 6
  • Bathrooms: 6 Full
  • Appliances:
  • Air Cond:
  • Heating: Forced Air
  • Fireplaces: 0
  • Floor: Laminate,Vinyl,Carpet
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Bonney Lake

Exterior Details

  • Lot Description: Dead End Street,Paved,Deck
  • Garage Capacity: 4 car
  • Parking Spaces: 8
  • Roof: Composition
  • Others: Metal/Vinyl,Good
  • Sewer: Bonney Lake

Financial Details

  • Tax Amount: $7,797
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 3037200900
  • Tax Year: 2025

Payment Calculator

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Questions About..

7418 207th Ave E Bonney Lake, WA 98391

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Originating MLS: nwmls

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Sam Golla-Cohen

| Washington Management Company

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