7418 207th Avenue E, Bonney Lake, WA 98391

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7418 207th Avenue E, Bonney Lake, WA 98391

$845,000 (Active)

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Listed by: Don Karstedt - Rethinking Real Estate LLC

$$845,000

Active

est.$845,000/month.

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beds. baths. 15,246 Sqft.

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Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

7418 207th Avenue E, Bonney Lake, WA 98391

$845,000

Active

est.$845,000/month.

Start My Approval

beds baths 15,246 Sq.ft.

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Property details for 7418 207th Avenue E, Bonney Lake, WA 98391

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.

Broker details: Rethinking Real Estate LLC

Listed by: Don Karstedt
Co-listing Broker: Rethinking Real Estate LLC
Co-listing Agent: Susan Karstedt

Property Description

MLS Information

Listing: 2527663
Listing Last Modified: 2026-08-06

Property Details

Standard Status: Active
MLS Status: Active
Built in: 2003
Subdivision: Church Lake

Geographic Data

County: Pierce
MLS Area: Church Lake
Directions: From Hwy 410 Bonney Lake, go North on 214th at Safeway, Left on Old Vandermark, left on Church Lake Dr, left on 207th, sign in left

Features

Interior Features

Flooring: Laminate, Vinyl, Carpet

Exterior Features

Roof type: Composition
Lot description: Paved

Parking

Garage spaces: 4

Utilities

Water: Public
Heating: Natural Gas, Forced Air

Property Information

Tax Information

Tax Annual Amount: $7,797

The Griffin Realty Group Seattle

7418 207th Avenue E, Bonney Lake, WA 98391