Bonney Lake, WA 98391 7223 Vandermark Road E
$740,000
15 more
Presented By: PPS Homes and NWMLS
- MLS# 2425030
- 08/25/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,700
Home Details
This turn-key duplex building is fully leased and located in desirable Bonney Lake, just blocks from Lake Tapps and parks. Each unit contains 3 bedrooms, 2 full baths, a bonus room, a washer-dryer and a 2-car garage. The nicely appointed kitchens have dishwashers and abundant cabinet space. Relax or entertain on the deck, patio, or in the fully-fenced rear yard. From an investor’s perspective, these modern buildings can make great investments and are located in a peaceful setting.
Presented By: PPS Homes and NWMLS
Interior Features for 7223 Vandermark Road E
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 7223 Vandermark Road E
AmenitiesThermal Windows
Building Area UnitsSquare Feet
Building NameLake Tapps Cedar Add
Cap Rate4.76
Carport Spaces
Carport Y/NNo
CityBonney Lake
CoolingNone
CountyPierce
DirectionsFrom 214th Avenue East, turn onto Vandermark Road East, then Right onto Church Lake Drive East.
Electric Expense
Elementary SchoolEmerald Hills Elem
Energy EfficientThermal Windows
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolBonney Lake High
High School DistrictSumner-Bonney Lake
Insurance Expense1187
Leasable Area2700
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet19195
Lot Size UnitsSquare Feet
MLS Area109 – Lake Tapps/Bonney Lake
Middle/Junior High SchoolLakeridge Middle
ModificationTimestamp2025-08-26T16:23:10.438Z
NWM_ShowMapLinkY
Net Operating Income35257
New ConstructionNo
Number Of Units Total2
Open Parking Spaces6
PossessionSubject to Tenant Rights
Possible UseMulti-Family
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThis 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
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameLake Tapps
Tax Annual Amount6756
Tax Year2025
Units Below Gradefalse
Units In Building Total2
Water CompanyBonney Lake
Water Sewer Garbage0
Year Built2008
Zoning DescriptionMulti-Family
Exterior for 7223 Vandermark Road E
Building Area Total2700
Covered Spaces4
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete, Slab
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Dead End Street, Paved
Lot Size Acres0.4407
Parking FeaturesRV Parking
Parking Uncovered Spaces6
Site FeaturesCable TV, Deck, Fenced-Fully, High Speed Internet, Patio, RV Parking
Total Parking10
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Bonney Lake High
Middle School
Lakeridge Middle
Elementary School
Emerald Hills Elem
Josh QA1
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