7316 194th Avenue E, Bonney Lake, WA 98391
- $725,000
- 2,158
- SqFt
Listing courtesy of Jina J Real Estate. Selling Office: Jina J Real Estate.
- Sold Price
- $725,000
- List Price
- $725,000
- Status
- SOLD
- MLS#
- 2504216
- Closing Date
- Jun 24, 2026
- Days on Market
- 32
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,158
- Area Total SqFt
- 2158
- Annual Tax Ammount
- 6994.47
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 22,216
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-05-23 00:00:00
- Community
- Bonney Lake
- Net Operating Income
- $39,884
- Gross Scheduled Income
- $56,280
- Total Monthly Income
- $4,690
- Insurance Expenses
- $1,337
- Water/Sewer/Garbage Expenses
- $3,984
- Gross Rent Multiplier
- 12.88
- Total Expenses
- $16,395
- Cap Rate
- 5.5
- Vacancy Rate
- 1
- Total Number of Units
- 2
- Unit Name
- 7316
- Potential Terms
- Cash, Conventional
- Year Built
- 1996
- Waterfront
- Yes
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, RV Parking
- Other Expenses
- 4079
- Energy Source
- Electric
- School District
- Sumner-Bonney Lake
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,690
- Gross Scheduled Income
- $56,280
- Vacancy Rate
- 1
- Tax Year
- 2026
- Insurance Expense
- $1,337
- W/S/G Expenses
- $3,984
- Total Expenses
- $16,395
- Net Operating Income
- $39,884
- Gross Rent Multiplier
- 12.88
- Cap Rate
- 5.5
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.