18214 74th St E, Bonney Lake, WA 98391
- $675,000
- 2,860
- SqFt
Listing courtesy of Engel & Voelkers Chambers Bay. Selling Office: Windermere RE/Lake Tapps, Inc.
- Sold Price
- $675,000
- List Price
- $685,000
- Status
- SOLD
- MLS#
- 2378901
- Closing Date
- Aug 14, 2025
- Days on Market
- 83
- Style
- 52 - Duplex
- Finished SqFt
- 2,860
- Area Total SqFt
- 2860
- Annual Tax Ammount
- 7578
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2025-05-23 00:00:00
- Community
- Bonney Lake
- Net Operating Income
- $23,800
- Gross Adjusted Income
- $40,200
- Gross Scheduled Income
- $40,200
- Total Monthly Income
- $3,350
- Insurance Expenses
- $2,048
- Water/Sewer/Garbage Expenses
- $565
- Gross Rent Multiplier
- 16
- Total Expenses
- $10,191
- Cap Rate
- 3.5
- Total Number of Units
- 2
- Unit Name
- 18214
- Potential Terms
- Cash Out, Conventional, FHA, Owner Financing, VA Loan
- Year Built
- 1962
- Roof
- Composition
- Energy Source
- Electric
- School District
- Sumner-Bonney Lake
- Total Monthly Income
- $3,350
- Gross Scheduled Income
- $40,200
- Gross Adjusted Income
- $40,200
- Tax Year
- 2025
- Insurance Expense
- $2,048
- W/S/G Expenses
- $565
- Total Expenses
- $10,191
- Net Operating Income
- $23,800
- Gross Rent Multiplier
- 16
- Cap Rate
- 3.5
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.