05/23/2026
🏡 Welcome to 7418 207th Ave E in Bonney Lake, Washington, a rare duplex opportunity near Lake Tapps offering the flexibility to live in one unit, invest in both, or generate built-in rental income while enjoying a peaceful wooded neighborhood setting.
Located on a quiet dead-end street in the desirable Church Lake Waterfront community, this well-maintained duplex has been a successful long-term investment for over 22 years thanks to its spacious floorplans, oversized garages, strong tenant appeal, and highly coveted access to private Church Lake Park on Lake Tapps.
Each unit features approximately 1,380 square feet with:
✔️ 3 Bedrooms
✔️ 2.5 Bathrooms
✔️ Large Primary Suites with Walk-In Closets
✔️ Full-Size Laundry
✔️ Private Decks & Backyards
✔️ Oversized 2-Car Garages
Unit 2 has recently been updated with:
✨ New Paint
✨ New Laminate Flooring Throughout Main Level
✨ New Front-Load Washer & Dryer
✨ New Water Heater
✨ New Stove/Range
✨ Granite Countertops
Additional recent improvements include a brand-new roof and gutters installed in 2026.
The property includes separate electric and gas meters, and Unit 1 already has a reliable long-term tenant in place who would like to stay, creating immediate income potential for investors or owner-occupants alike.
🌲 Enjoy a private, wooded feel with no traffic noise, neighborhood kids playing outside, and access to Church Lake Park just ½ mile away, featuring private Lake Tapps access, picnic areas, playground, and boat launch privileges that are difficult to find in this area.
Whether you're searching for:
A duplex investment property in Bonney Lake
A house hack opportunity near Lake Tapps
Multi-family real estate in Pierce County
Rental income property with owner-occupant potential
A long-term wealth-building real estate investment
…this property deserves a closer look.
📍 Bonney Lake, WA
📍 Near Lake Tapps
📍 Sumner School District
For pricing, availability, rental financials, or a private tour, contact Don & Susie Karstedt with Rethinking Real Estate. DuplexForYou.com