Listed by PPS Homes
$740,000

7223 Vandermark Rd E Unit 7225 Bonney Lake, WA 98391

Bonney Lake Neighborhood

Estimated payment $4,595/month

Total Views 95
6 Beds
4 Baths
2,700 Sq Ft
$274 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Deck
  • Thermal Windows
  • Emerald Hills Elementary School Rated A-
  • No HOA
  • Patio

About This Home

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.

Listing Agent

Dean Brinton

PPS Homes License #25351 Listed on: 08/25/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2425030

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,756

Year Built

  • Built in 2008

Lot Details

  • 0.44 Acre Lot
  • Street terminates at a dead end
  • Property is Fully Fenced

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • 4 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Emerald Hills Elementary School
  • Lakeridge Middle School
  • Bonney Lake High School

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Tapps Cedar Add Condos
  • Lake Tapps Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5040000085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,756

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 2008
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Lake Tapps Cedar Add
  • New Construction: No
  • CalculatedSquareFootage: 2700
  • Special Features: None
  • Cumulative Days on Market: 3

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Bonney Lake
  • WaterCompany: Bonney Lake
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Bonney Lake High
  • Middle Or Junior School: Lakeridge Middle

Lot Info

  • Parcel Number: 5040000085
  • Lot Size Acres: 0.4407
  • Lot Size Sq Ft: 19195
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Pierce County Records
  • MLSSquareFootageSource: Pierce County Records
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17.13
  • LeasedItems: None
  • TotalMonthlyIncome: 3600

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 35257
  • Number Of Units Total: 2
  • Insurance Expense: 1187
  • Leasable Area: 2700
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6756

MLS Schools

  • Elementary School: Emerald Hills Elem

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 $5,757 $623,600 $232,100 $391,500
2024 $5,757 $597,300 $201,900 $395,400
2023 $5,757 $566,200 $201,900 $364,300
2022 $5,621 $618,100 $210,800 $407,300
2021 $5,520 $423,900 $138,100 $285,800
2019 $4,558 $387,000 $126,200 $260,800
2018 $4,530 $369,800 $119,300 $250,500
2017 $3,851 $323,300 $99,800 $223,500
2016 $3,366 $266,200 $77,500 $188,700
2014 $2,973 $238,000 $63,400 $174,600
2013 $2,973 $210,800 $57,300 $153,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 For Sale $740,000 +124.2% $274 / Sq Ft
06/11/2014 06/11/14 Sold $330,000 -2.9% $122 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
05/04/2014 05/04/14 For Sale $339,950 -- $126 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $329,719 Fidelity National Title Co
Quit Claim Deed -- Fidelity National Title Co
Quit Claim Deed -- Fidelity National Title Co
Quit Claim Deed -- Fidelity Natl Title Ins Co
Warranty Deed $184,950 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $221,500 New Conventional
Previous Owner $247,500 New Conventional
Previous Owner $951,000 Construction
Previous Owner $144,000 Purchase Money Mortgage
Source: Public Records

Similar Home in Bonney Lake, WA

  • 7229 Vandermark Rd E Unit 7231, Bonney Lake, WA 98391

    $720,000

    • 6 Beds
    • 4 Baths
    • 2,700 Sq Ft
    • 7229 Vandermark Rd E
    • Unit 7231
    • Bonney Lake, WA

    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

    Section Image

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2425030

Northwest Multiple Listing Service (NWMLS)

APN: 504000-0085