$ 895,900
-
$895,900
Price -
6
Bed -
6
Bath -
2,788
SqFt
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About the Listing 2360 - 24202,35350
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.
Listing Highlights
Status
Active
Days on Site
3
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:
- 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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