Bonney Lake, WA Multifamily Homes & Duplexes for Sale

/17
$720,000
- 6 Beds
- 4 Baths
- 2,700 Sq Ft
7229 Vandermark Rd E Unit 7231, Bonney Lake, WA 98391

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, or in the fully-fenced rear yard. From an investor's perspective,

Dean Brinton PPS Homes

7229 Vandermark Rd E Unit 7231, Bonney Lake, WA 98391
Explore Bonney Lake
/20
$740,000
- 6 Beds
- 4 Baths
- 2,700 Sq Ft
7223 Vandermark Rd E Unit 7225, Bonney Lake, WA 98391

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

Dean Brinton PPS Homes

7223 Vandermark Rd E Unit 7225, Bonney Lake, WA 98391

Washington Pierce County Bonney Lake

Why Live in Bonney Lake

Bonney Lake, WA, is a lakeside city situated on the banks of Lake Tapps, approximately 15 miles east of Tacoma. Known for its waterfront parks and suburban subdivisions, Bonney Lake offers a blend of natural beauty and suburban convenience. The city is a gateway to the Cascade Mountain Range, with Mount Rainier and Crystal Mountain ski resort just an hour away. Allan Yorke Park, located on the water’s edge, features walking trails, a playground, and a skate park, making it a popular summer destination for boating, fishing, swimming, and water-skiing. The city boasts a variety of home styles, from modest midcentury designs to contemporary homes, with newer subdivisions like Tehaleh providing modern amenities and planned community features. Commercial strips along State Route 410 include big box stores such as Costco, The Home Depot, and Target, as well as a mix of chain and local restaurants. The highly rated Sumner-Bonney Lake School District contributes to the city's appeal, offering quality education. Residents typically rely on cars for transportation, with heavy traffic common on routes to Tacoma and Seattle. The Seattle-Tacoma International Airport is about 28 miles away, and the closest major hospital is 8 miles west in Puyallup. Bonney Lake has lower crime rates compared to the national average, making it a safer community for residents.

Learn more about living in Bonney Lake

Home Trends in Bonney Lake, WA

On average, homes in Bonney Lake, WA sell after 54 days on the market compared to the national average of 52 days. The median sale price for homes in Bonney Lake, WA over the last 12 months is $689,500, up 6% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$689,500

Median Single Family Sale Price

$710,000

Median Townhouse Sale Price

$547,499

Median 2 Bedroom Sale Price

$375,000

Average Price Per Sq Ft

$325

Number of Homes for Sale

285

Last 12 months Home Sales

749

Months of Supply

4.60

Median List Price

$729,990

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Bonney Lake, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $720,000 to $740,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Bonney Lake is $729,990, while the average sale price is $727,608, offering insights into the local housing market. On average, multi-family homes spend 54 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Bonney Lake, WA.

Bonney Lake Types of Homes for Sale

Bonney Lake Real Estate Listings

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Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID