7418 207th Avenue E, Bonney Lake, WA 98391
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: don j. karstedt, susan k. karstedt
Office: rethinking real estate llc.
MLS#:2527663
Source:NWMLS
7418 207th Avenue E,Bonney Lake, WA 98391
$895,900
- - Beds
- - Baths
- 2,788 sq. ft.
- Multi-family
- Active
Price summary
- Price:$895,900
- Price per sq. ft.:$321.34
- Monthly HOA dues:$19.58
About this home
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....
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Home facts
- Year built:2003
- Listing ID #:2527663
- Updated:May 23, 2026 at 01:57 PM
Rooms and interior
- Flooring:Carpet, Laminate, Vinyl Floor
- Living area:2,788 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:2003
- Building area:2,788 sq. ft.
- Lot area:0.35 Acres
- Lot Features:Dead-end Street, Paved
- Construction Materials:Metal/Vinyl Exterior Finish
- Exterior Features:Deck
Schools
- High school:Bonney Lake High
- Middle school:Lakeridge Middle
- Elementary school:Emerald Hills Elem
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$895,900
- Price per sq. ft.:$321.34
- Tax amount:$7,797 (2025)
Parking
- Total parking spaces:8
- Garage:Yes
- Garage spaces:4
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