MLS #2527663 / Listing provided by NWMLS & Rethinking Real Estate LLC.
$895,900
7418 207th Avenue E
Bonney Lake,
WA
98391
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 4
- Parking Total: 8
- Total Uncovered Parking Spaces: 4
Structure
- Roof: Composition
- Exterior Features: Metal/Vinyl
- Foundation: Poured Concrete
Lot Details
- Lot Features: Dead End Street, Paved
- Acres: 0.35
- Foundation: Poured Concrete
Schools
- High School District: Sumner-Bonney Lake
- High School: Bonney Lake High
- Middle School: Lakeridge Middle
- Elementary School: Emerald Hills Elem
Lot Details
- Lot Features: Dead End Street, Paved
- Acres: 0.35
- Foundation: Poured Concrete
Power
- Energy Source: Natural Gas
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: Bonney Lake
- Sewer: Sewer Connected
- Water Company: Bonney Lake
- Water Source: Public
- Water, Sewer, and Garbage: 4126
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