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Bonney Lake Multifamily Homes & Investment Properties

Explore Bonney Lake duplexes, triplexes, fourplexes and income-producing properties. Compare available listings, rental potential and investment opportunities.

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Bonney Lake Duplex, Triplex & Fourplex Searches

Find multifamily properties for sale in Bonney Lake, Washington, including two-unit duplexes, three-unit triplexes, four-unit 4-plexes and qualifying small apartment buildings. Review legal unit counts, rent rolls, current leases, insurance, property taxes, vacancies and maintenance expenses before estimating net operating income.

Use the nearby market links above to compare location, permitted units and rental potential. Property listings below retain their existing search criteria.

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Considering selling a duplex, triplex, fourplex or rental investment property? Request a pricing review based on comparable multifamily sales, tenancy, rental income, condition and potential buyer demand. Understand how selling an occupied property may affect showings and timelines.

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Compare Bonney Lake homes for sale, new construction, acreage properties, waterfront homes, and Tehaleh real estate. Availability and listing status can change.

Compare recent Bonney Lake sold properties alongside current listings before deciding on an offer or asking price.

Saved MLS Property Listings

Listings immediately below use this page's existing saved IDX search, status settings and sorting. Confirm legal unit count and property classification when comparing residential 2-4 unit properties with commercial apartment buildings of 5 or more units.

Bonney Lake Multifamily Listings - Active, Pending & Sold

7223 Vandermark Road E, Bonney Lake
$730,000
2521644 MLS ⋅ ACTIVE Status
This turn-key duplex building is fully leased and located in desirable Bonney Lake, just blocks from Lake Tapps and parks. Each unit contains 3 bedrooms, 2 full baths, a bonus room, a washer-dryer and a 2-car garage. The nicely appointed kitchens have dishwashers and abundant cabinet space. Relax or entertain on the deck, patio, or in the fully-fenced rear yard. From an investor's perspective, these modern buildings can make great investments and are located in a peaceful setting. Note: Rents scheduled to increase on 8/1/26 @ "7225" to 1975 + 175 utils = 2040/mo. Rents scheduled to increase on 9/1/26 @ "7223" to 1975 + 175 utils = 2040/mo.

7223 Vandermark Road E, Bonney Lake

Listing Broker: PPS Homes; Dean Brinton; 206-948-7235; dean@ppshomes.net

7229 Vandermark Road E, Bonney Lake
$730,000
2521681 MLS ⋅ ACTIVE Status
This turn-key duplex building is fully leased and located in desirable Bonney Lake, just blocks from Lake Tapps and parks. Each unit contains 3 bedrooms, 2 full baths, a bonus room, a washer-dryer and a 2-car garage. The nicely appointed kitchens have dishwashers and abundant cabinet space. Relax or entertain on the deck, or in the fully-fenced rear yard. From an investor's perspective, these modern buildings can make great investments and are located in a peaceful setting.

7229 Vandermark Road E, Bonney Lake

Listing Broker: PPS Homes; Dean Brinton; 206-948-7235; dean@ppshomes.net

7418 207th Avenue E, Bonney Lake
$799,950
2527663 MLS ⋅ PENDING Status
Live at Lake Tapps while rental income from next door helps offset housing costs. Rare owner-occupant or investment opportunity on a quiet dead-end street surrounded by mature trees. Each spacious unit offers nearly 1,400 sq ft with 3 bedrooms, 2.5 baths, full-size laundry, large primary suite with walk-in closet, private deck and backyard, plus an oversized 2-car garage. Vacant Unit 2 is move-in ready and recently refreshed with new interior paint, new laminate flooring throughout the main level, new front-load washer and dryer, new water heater, new range and granite countertops. Unit 1 has a reliable month-to-month tenant who would like to stay, providing immediate rental income. Unit 1 also had a furnace replacement and laminate kitchen/dining flooring in 2022. The entire building received a new roof and gutters in 2026. The previous Unit 2 tenant remained for 9 years, reflecting the property's strong tenant appeal. A standout feature is neighborhood membership with private access to Church Lake Park on Lake Tapps, including picnic areas, playground and boat launch access, a rare benefit in an area with limited public lake access. Owned by the sellers since new in 2003, this duplex combines long-term rental appeal, attractive pro forma income potential and the flexibility to live in one side while income from the other helps reduce monthly housing expense. Enjoy Lake Tapps access and a residential setting while building equity with income-producing real estate.

7418 207th Avenue E, Bonney Lake

Listing Broker: Rethinking Real Estate LLC; Don J. Karstedt; 253-255-1299; don@brokerdon.com

7316 194th Avenue E, Bonney Lake
$725,000
2504216 MLS ⋅ SOLD Status
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.

7316 194th Avenue E, Bonney Lake

Listing Broker: Jina J Real Estate; Jina Yotty; ; Selling Office: Jina J Real Estate.

22405 22407 120th Street E, Bonney Lake
$480,000
2501728 MLS ⋅ SOLD Status
Investment Opportunity on Nearly 1 Acre in Bonney Lake! Rare duplex set in the desirable White River School District, this single-story property features 1,536 total square feet with two side-by-side units, ideal for owner-occupancy with rental income or multi-generational living. One unit is currently owner- occupied and the other is tenant-occupied month-to-month, creating flexibility for future plans. Situated on a paved street with partial fencing, the expansive lot offers ample off-street parking (4+ uncovered spaces) and room for additional outbuildings, recreational vehicles, or potential value-add improvements (buyer to verify). This duplex presents a solid footprint with upside potential. Conveniently located near Hwy 410, shopping, dining, and commuter routes, this is a unique opportunity to own acreage with income potential in a rapidly growing Bonney Lake market.

22405 22407 120th Street E, Bonney Lake

Listing Broker: Best Choice Realty LLC; Jazzminn Haughton; ; Selling Office: Keller Williams Rty Tacoma.

19307 75th Street E, Bonney Lake
$700,000
2498950 MLS ⋅ SOLD Status

19307 75th Street E, Bonney Lake

Listing Broker: eXp Realty; Ivan Grishko; ; Selling Office: John L. Scott R.E.Tacoma North.

7009 181st Avenue E, Bonney Lake
$680,000
2492003 MLS ⋅ SOLD Status
Rare duplex opportunity in Bonney Lake! Each unit features 3 bedrooms, comfortable living spaces, and attached garages, offering both convenience and functionality. One side includes an additional bonus room, perfect for a home office, guest space, or extra living area. Step outside to enjoy the beautiful deck, ideal for relaxing or entertaining. Whether you’re looking for a strong investment property or a chance to live in one unit while renting the other, this property offers incredible versatility. Conveniently located near shopping, dining, parks, and commuter routes in one of Bonney Lake’s most desirable areas.

7009 181st Avenue E, Bonney Lake

Listing Broker: eXp Realty; Aubrey Davenport; ; Selling Office: Coldwell Banker Bain.

7510 193rd Avenue E Unit #1 & 2, Bonney Lake
$750,000
2439016 MLS ⋅ SOLD Status
Welcome to this beautifully maintained 2-story duplex townhome just moments from Lake Tapps and Allen Yorke Park. Each spacious side has 3 bedroom, 2.5-bath, 1398sq ea side offering an ideal layout with a generously sized primary featuring an ensuite bath. Recently updated and FULLY RENTED, w/ excellent tenants this investment property is fully turn key. Enjoy a fenced backyard w/ a private patio, ideal for relaxing or entertaining. The attached 2-car garage on each side adds convenience, plus auto openers. Each unit comes w/ a washer and dryer + the location can't be beat - walking distance to local parks and just minutes from Bonney Lake Elementary. A wonderful blend of comfort, space, & community! New paint, carpet, fence, yard & more!

7510 193rd Avenue E Unit #1 & 2, Bonney Lake

Listing Broker: COMPASS; Brian Hopper; ; Selling Office: Multifamily Properties.

19314 75th Street E, Bonney Lake
$700,000
2429288 MLS ⋅ SOLD Status
New lower price! Refreshed duplex in a prime location, just a short walk to the Lake Tapps waterfront and Allan Yorke Park. Unit A is light-filled with new carpet, fresh paint, vaulted ceilings, a cozy gas fireplace, open kitchen with central island, new dishwasher and microwave, skylights, and a spacious patio. Unit B features a welcoming great room open to the dining room, newer appliances, oversized utility room, green backyard views, and a private BBQ deck. Both units offer 2 bedrooms and a 1-car garage. A versatile property in a sought-after area near recreation, dining, and more - ideal for investment or owner-occupancy.

19314 75th Street E, Bonney Lake

Listing Broker: John L. Scott, Inc.; Doug Walker; ; Selling Office: Skyline Properties, Inc..

20835 20837 60th Street E, Bonney Lake
$900,000
2398302 MLS ⋅ SOLD Status
Rare 2007-built duplex with lake views in prime Bonney Lake! This side-by-side townhome-style duplex offers 2,112 SF per unit, each featuring 3 beds, 3.5 baths, 2-car tandem garages, and private outdoor spaces. Located on a quiet dead-end street right on Lake Tapps and minutes from amenities in Bonney Lake. Community lake access and a nearby park. Enjoy stunning lake views from the property. Current rental income is $5,800/month with great tenants. One unit is fully renovated with LVP flooring, SS appliances, updated counters and cabinetry, lighting, and vanities. The other unit has fresh paint and has been well-maintained over time. Pre-inspected with rental pro forma available. Live in one, rent the other, or rent both! Turnkey and ready!

20835 20837 60th Street E, Bonney Lake

Listing Broker: eXp Realty; Ivan Grishko; ; Selling Office: John L. Scott R.E.Tacoma North.

18214 74th St E, Bonney Lake
$675,000
2378901 MLS ⋅ SOLD Status
Amazing investment opportunity or ideal for house-hackers! This spacious 2,860 sq. ft. duplex sits on a corner lot in the heart of Bonney Lake, right across from Bonney Lake and Park. Enjoy scenic views, outdoor fun and everyday convenience just steps away. Each unit includes 3 bedrooms, 1 bathroom, a full kitchen, living room, in-unit laundry, private entrance, and its own single-car garage. Originally a single-family home, now a duplex—potential to convert back. Rents are currently below market; comps suggest approx. $1,900/month per unit. Shared yard and plenty of on-site parking. Close to schools, shopping, dining, and commuter routes. Owner financing available. Don't disturb tenants. Showings by appt only. Buyer to verify all info.

18214 74th St E, Bonney Lake

Listing Broker: Engel & Voelkers Chambers Bay; Devin Scherck; ; Selling Office: Windermere RE/Lake Tapps, Inc.

22424 South Prairie Road E, Bonney Lake
$700,000
2360831 MLS ⋅ SOLD Status
Investor alert! This one-owner, custom-built duplex has been impeccably maintained and is a rare opportunity for high-quality cash flow. Each 2 bed, 1.5 bath unit offers 1,017 sq ft of thoughtfully designed space with open layouts, attached 1-car garages, energy-efficient heat pumps for year-round comfort, washer/dryer hookups, and large concrete patios. Built to last with new Hardi-Plank siding, tongue & groove cedar soffits, charming covered porches, newer roofs (2017), and fresh exterior paint. Fully occupied with long-term tenants and a waiting list. All appliances included (W/D excluded). Situated on nearly ¾ acre with abundant off-street parking—this is a low-maintenance, turn-key asset for the savvy investor.

22424 South Prairie Road E, Bonney Lake

Listing Broker: Pointe3 Real Estate; Tony Binion; ; Selling Office: Skyline Properties, Inc..

22428 South Prairie Road E, Bonney Lake
$710,000
2361372 MLS ⋅ SOLD Status
Investor alert! This one-owner, custom-built duplex has been impeccably maintained and is a rare opportunity for high-quality cash flow. Each 2 bed, 1.5 bath unit offers 1,017 sq ft of thoughtfully designed space with open layouts, attached 1-car garages, energy-efficient heat pumps for year-round comfort, washer/dryer hookups, and large concrete patios. Built to last with new Hardi-Plank siding, tongue & groove cedar soffits, charming covered porches, newer roofs (2017), and fresh exterior paint. Fully occupied with long-term tenants and a waiting list. All appliances included (W/D excluded). Situated on nearly ¾ acre with abundant off-street parking—this is a low-maintenance, turn-key asset for the savvy investor.

22428 South Prairie Road E, Bonney Lake

Listing Broker: Pointe3 Real Estate; Tony Binion; ; Selling Office: RE/MAX Integrity.

20621 Church Lake Drive E, Bonney Lake
$520,000
2339142 MLS ⋅ SOLD Status
*NEW PRICE* Great investment opportunity! This charming rambler duplex in Bonney Lake offers a partial lake view, private beach access, and exclusive access to the Lake Tapps private boat launch. With 1440 sq ft in total, Unit B features a spacious 3-bed,1.75-bath, while the other Unit A is a cozy 1-bedroom, 1-bath unit at 440 sq ft. Live in one and rent the other, or maximize your income potential as a rental property. Enjoy the beauty of Bonney Lake while offsetting your mortgage. Close to schools, shopping, dinning and freeways. With Low annual HOA Dues, don't miss out on this fantastic opportunity to be near the lake! Offering 10k credit towards closing costs! Motivated Sellers, bring your offer!

20621 Church Lake Drive E, Bonney Lake

Listing Broker: PNW Realty; Stephanie McKim; ; Selling Office: John L. Scott, Inc.

7501 193rd Avenue E, Bonney Lake
$685,000
2177333 MLS ⋅ SOLD Status
Welcome to this charming duplex in Bonney Lake, situated on a coveted corner lot just moments away from the picturesque Lake Tapps & Allen York Park, close to walking trails, playground, swim beach, paddleboard rentals & more. Thoughtfully designed layout, this property is perfect for owner-occupied homeownership for savvy first-time buyers, or an investment opportunity. Each unit has a spacious 2-car garage with ample parking & storage space, 3 beds, 2.5 baths. The spacious separate fenced yards offer privacy, space for relaxation & entertainment. Don't miss this exceptional property that checks all the boxes for savvy investment or owner-occupied homeownership & investment.

7501 193rd Avenue E, Bonney Lake

Listing Broker: Windermere Abode; Shelley Heck; ; Selling Office: Berkshire Hathaway HS NW.

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Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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