Quick Lake Tapps WA MLS Search

Browse All Lake Tapps WA Between $200K - $300K Properties for Sale

$158,000
2406916 MLS SOLD Status
The subject property is 1.25 acres and is situated across the street from Lake Tapps in Unincorporated Pierce County. The property is located on the easterly side of 218th Ave. E, and is situated approximately 426' south of 40th St. E. The subject property is primarily rectangular in shape and level. The Subject Property has zero wetlands/critical areas. Property access has already been improved and is a recorded ingress/egress easement from 218th Ave. E. to the northwest corner of Subject Property. Pursuant to the surveyor's site plan, the property is 54,693 square feet, or 1.25 acres. The site's current allowed use is for 'Utility Purposes,' and its current use is a Cellular Communications Site. There is a '100' Radius No-Cut Vegetative Recorded Easement' that surrounds the Cell Tower, which makes the property not suitable for further development. Seller/Lessor receives two (2) separate automatic monthly rent deposits from SBA Communications & T-Mobile; the total amount of both monthly rent deposits is $1,112.44. Seller/Lessor paid $277 for real estate taxes in 2025. The Yearly Net Operating Income ("NOI") is $13,072, and the Current Cap Rate is 6.08%. The current list price is $50,000 below the July 14, 2024, Fair Market Value MAI Appraisal of $265,000. The MAI Appraisal was ordered for estate planning purposes. The July, 2024 MAI Appraisal is available to brokers in supplements and, upon request, electronically available to interested private parties.

4203 218th Avenue E, Lake Tapps

Listing courtesy of John L. Scott R.E. Lake Tapps. Selling Office: ZNonMember-Office-MLS.

Start Your Search
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.

Between $200K - $300K Lake Tapps Real Estate

Our website features the best real estate search for between $200k - $300k properties available in Lake Tapps and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!