Property Details
7316 194th Avenue E
Bonney Lake, WA 98391
$725,000
Pending Inspection
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Property Overview
Exceptional investment opportunity in Bonney Lake with this well-maintained duplex situated on a spacious 1/2 acre lot. Each unit offers 3 bedrooms and 1.5 baths, featuring an open-concept main level designed for comfortable living and entertaining. Private decks just off the dining rooms—perfect for BBQ'ing or relaxing. The property boasts a private drive with abundant parking, including ample space for RVs, boats, and multiple vehicles. A generous 5-foot-tall crawl space under each unit provides extensive storage options rarely found in similar properties. Ideally located just around the corner from Allan Yorke Park and beautiful Lake Tapps, this duplex offers both convenience and lifestyle appeal. Professionally managed with long-term tenants already in place, this is a turnkey investment you won’t want to miss.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Pierce
Neighborhood
Bonney Lake
Listed
Apr 10, 2026
Financial Summary
Cap Rate
5.50%
Net Operating Income
$39,884
Gross Scheduled Income
$56,280
Gross Rent Multiplier
12.88
Total Expenses
$16,396
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
2,158
Leasable Area
2,158 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
22,216 sqft
Year Built
1996
Exterior & Lot
Lot Size
0.51 sqft
Year Built
1996
Garage
2 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Secluded
Exterior Features
Wood, Wood Products
Location
City
Bonney Lake
County
Pierce
Coordinates
47.18985, -122.16886
Additional Information
Tax Year
2026
Annual Taxes
$6,994
Possession
Array
Based on information submitted to the MLS GRID as of May 6, 2026 8:15 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
