7418 207th Avenue E, Bonney Lake, WA 98391

Property Description

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 Status:

Pending

Data Last Updated:

July 6, 2026 at 4:19AM

Listing Office:

Rethinking Real Estate LLC : 253-987-6789

Listing Agent:

Don J. Karstedt : 253-987-6789

MLS ID:

2527663

Interior

• Flooring: LaminateVinylCarpet
• A/C: None
• Heating: Forced Air
• Fireplace: Fireplaces: 0
• Eco/Green Feature: Thermal Windows

Exterior

• General: Metal/Vinyl
• Parking: Parking spaces: 8

Construction

• Roofing: Composition
• General: 52 - DuplexPoured Concrete

Location

• HOA Amenities: 235.0Annually
• Originating MLS: nwmls
• School District: Sumner-Bonney Lake
• County: Pierce

Lot

• Zoning: 3037200900

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls