7418 207th Avenue E, Bonney Lake, WA 98391
Local realty services provided by:RSVP Brokers ERA
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
$820,000
- - Beds
- - Baths
- 2,788 sq. ft.
- Multi-family
- Active
Price summary
- Price:$820,000
- Price per sq. ft.:$294.12
- Monthly HOA dues:$19.58
About this home
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....
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Home facts
- Year built:2003
- Subdivision & Development:Church Lake
- Listing ID #:2527663
- Updated:October 06, 2026 at 11:19 AM
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:$820,000
- Price per sq. ft.:$294.12
- Tax amount:$7,797 (2025)
Parking
- Total parking spaces:8
- Garage:Yes
- Garage spaces:4
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