Listed by Windermere RE/Lake Tapps, Inc
$750,000

3302 W Tapps Dr E Lake Tapps, WA 98391

Estimated payment $4,812/month

Total Views 714
4 Beds
4 Baths
2,388 Sq Ft
$314 Price per Sq Ft

Highlights

  • Lake View
  • Deck
  • Ceramic Tile Flooring
  • Crestwood Elementary School Rated A-
  • Patio
  • Baseboard Heating

About This Home

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!

Listing Agent

Josh Kumar

Windermere RE/Lake Tapps, Inc License #130581 Listed on: 07/07/2025

Windermere RE/Lake Tapps, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2403487

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,524

Year Built

  • Built in 1973

Lot Details

  • 0.36 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

HOA Fees

  • $125 Monthly HOA Fees

Property Views

  • Lake
  • Territorial

Home Design

  • Triplex
  • Flat Roof Shape
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,388 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lake Tapps Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5065001890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,524

Year Built

Built in 1973

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1973
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2388
  • Special Features: None
  • Cumulative Days on Market: 84

Interior Features

  • Possible Use: Business, Multi-Family
  • Possible Bedrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition, Flat, See Remarks
  • View: Lake, Territorial
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Good
  • Structure Type: Triplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Ductless
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Bonney Lake
  • WaterSewerGarbage: 2404

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 1500
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 5065001890
  • Lot Size Acres: 0.3574
  • Lot Size Sq Ft: 15570
  • Zoning Description: Business,Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 13.27
  • LeasedItems: None
  • TotalMonthlyIncome: 4710

Multi Family

  • Gross Scheduled Income: 56520
  • Net Operating Income: 45951
  • Number Of Units Total: 3
  • Electric Expense: 651
  • Insurance Expense: 990
  • Leasable Area: 2388
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6524

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,667 $561,500 $261,500 $300,000
2024 $5,667 $536,000 $233,100 $302,900
2023 $5,667 $512,400 $233,100 $279,300
2022 $5,437 $543,100 $243,400 $299,700
2021 $5,261 $369,900 $159,400 $210,500
2019 $4,315 $349,200 $145,700 $203,500
2018 $4,114 $319,000 $136,400 $182,600
2017 $3,577 $267,100 $114,000 $153,100
2016 $3,132 $226,200 $88,600 $137,600
2014 $2,849 $198,400 $72,400 $126,000
2013 $2,849 $177,600 $65,500 $112,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $750,000 -- $314 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $220,000 Cw Title
Warranty Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Previous Owner $165,000 Unknown
Previous Owner $119,522 No Value Available
Closed $15,000 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2403487

Northwest Multiple Listing Service (NWMLS)

APN: 506500-1890