3302 W Tapps Drive E, Lake Tapps, WA 98391
- $750,000
- 2,388
- SqFt
Listing courtesy of Windermere RE/Lake Tapps, Inc. Selling Office: Windermere RE/Lake Tapps, Inc.
- Sold Price
- $750,000
- List Price
- $750,000
- Status
- SOLD
- MLS#
- 2403487
- Closing Date
- Sep 30, 2025
- Days on Market
- 137
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,388
- Area Total SqFt
- 2388
- Annual Tax Ammount
- 6524
- Lot Size (sq ft)
- 15,570
- Sewer
- Septic Tank
Property Description
Great opportunity to own a well kept Tri-Plex in Lake Tapps! The unique zoning allows for this property to lease with ease! Upstairs you will find a 2 bed 1 bath, with a good size family room, updated kitchen w/ eating space & a private deck with views of Lake Tapps! Downstairs you will find an additional 2 bed with a 3/4 bath & a 1/2 bath, updated kitchen, large family room and a private patio. Both units come with additional storage lockers & their owner washer & dryer. The back unit is currently commercial space with a 3/4 bath, a kitchenette & 2 individual offices. It also has additional storage. This property is also located in the West Tapps Maintenance HOA allowing for access to multiple parks & boat launch!
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Additional Information
- List Date
- 2025-05-16 00:00:00
- Community
- Lake Tapps
- Net Operating Income
- $45,951
- Gross Adjusted Income
- $56,520
- Gross Scheduled Income
- $56,520
- Total Monthly Income
- $4,710
- Insurance Expenses
- $990
- Water/Sewer/Garbage Expenses
- $2,404
- Gross Rent Multiplier
- 13.27
- Total Expenses
- $10,569
- Cap Rate
- 6.13
- Total Number of Units
- 3
- Unit Name
- 3302
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1973
- View
- Lake, Territorial
- Roof
- Composition, Flat, See Remarks
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 651
- Energy Source
- Electric, Natural Gas
- School District
- Sumner-Bonney Lake
- Total Monthly Income
- $4,710
- Gross Scheduled Income
- $56,520
- Gross Adjusted Income
- $56,520
- Tax Year
- 2025
- Insurance Expense
- $990
- W/S/G Expenses
- $2,404
- Total Expenses
- $10,569
- Net Operating Income
- $45,951
- Gross Rent Multiplier
- 13.27
- Cap Rate
- 6.13
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.