7316 194th Avenue E Bonney Lake, WA $ 725,000
7316 194th Avenue E
$ 725,000
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7316 194th Avenue E

Bonney Lake, WA, 98391
$ 725,000
Baths0.0 Sq 2,158

Monthly Estimate*

$ 4,464

Listed by Jina J Real Estate
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Studio

Multi-Family Home for sale in Bonney Lake, WA

for $725,000. This 2,158 square foot home was built in 1996 on a lot size of 0.51.

Exceptional investment opportunity in Bonney Lake with this well-maintained duplex situated on a spacious 1/2 acre lot. Each unit offers 3 bedrooms and 1.5 baths, featuring an open-concept main level designed for comfortable living and entertaining. Private decks just off the dining rooms—perfect for BBQ'ing or relaxing. The property boasts a private drive with abundant parking, including ample space for RVs, boats, and multiple vehicles. A generous 5-foot-tall crawl space under each unit provides extensive storage options rarely found in similar properties. Ideally located just around the corner from Allan Yorke Park and beautiful Lake Tapps, this duplex offers both convenience and lifestyle appeal. Professionally managed with long-term tenants already in place, this is a turnkey investment you won’t want to miss.

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Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,994

Style

Duplex

Lot Size

0.51

Year Built

1996

Town/City

Bonney Lake

County/Region

Pierce

MLS | Web ID

2504216

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Security Features Partially Fenced
Year Built 1996
View Territorial
Property Subtype Multi Family
Tax Year 2026
Waterfront Features Creek
County Pierce
Net Operating Income 39884
Insurance Expense 1337.34
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Bonney Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From WA 410 E L at Old Buckley Hwy L on Church Lake Rd E 2nd L on 197th becomes 78th St E R on 194th ave E. Private Drive do not attempt drive by showings after mutual only.
High School Buyer To Verify
City Bonney Lake
Senior Community Y/N N
High School District Sumner-Bonney Lake
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 109 - Lake Tapps/Bonney Lake
Lot Size Units Square Feet
Lot Size Square Feet 22216
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Buyer To Verify
Tax Annual Amount 6994.47
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Exceptional investment opportunity in Bonney Lake with this well-maintained duplex situated on a spacious 1/2 acre lot. Each unit offers 3 bedrooms and 1.5 baths featuring an open-concept main level
Leasable Area 2158
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage Thermal Windows
Water Company City of Bonney Lake
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 3984.4
Property Style 52 - Duplex
Cap Rate 5.5
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Exterior
Exterior Amenities Wood Wood Products
Parking Features RV Parking
Lot Features Dead End Street Secluded
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 2158
Lot Size Acres 0.51
Waterfront Y/N Y
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially RV Parking
Parking Uncovered Total 6
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2504216
Street Number 1 7316
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* Excluded Features
List By
Jina Yotty

Listing Agent

Jina J Real Estate

Broker

Affordability Calculator

$5,047
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,464
Monthly Property Taxes
$583
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3108179 Elementary School
3108181 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2026$725,000 Listed Price

Map


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7316 194th Avenue E, Bonney Lake, WA, 98391 is a Multi-Family Home for sale at $725,000 with 2,158 sqft and a lot size of 0.51. 7316 194th Avenue E is a studio with 0.0 baths and was built in 1996. The property's zip code is 98391 which is in Bonney Lake, WA