Rare opportunity to own a well-maintained duplex in the highly desirable Lake Tapps area, tucked away on a quiet dead-end street surrounded by mature trees and a peaceful neighborhood setting. Purchased from builder by sellers in 2003, this property has been an exceptional long-term investment with strong appreciation, reliable tenants, and steadily increasing rental income. Each spacious unit offers nearly 1400 sq ft with 3 bedrooms, 2.5 baths, full-size laundry, large primary suites with walk-in closets, private decks, backyards, and oversized 2-car garages, a combination that has made tenant retention remarkably strong. Current tenant in Unit 1 has been extremely reliable and would like to stay. The previous tenant in Unit 2 remained for 9 years. Unit 2 has recently been refreshed with new interior paint, new laminate flooring throughout the main level, new front-load washer and dryer, new water heater, and new range. Unit 2 also features granite countertops, while Unit 1 offers laminate flooring in the kitchen and dining areas. Entire building received a new roof and gutters in 2026. Neighborhood membership includes access to coveted Church Lake Park on Lake Tapps with private picnic areas, playground, + boat launch access, a rare amenity in an area with limited public lake access. Opportunity for either an investor seeking strong rental appeal and upside potential, or an owner-occupant looking to offset mortgage costs with built-in rental income.
| MLS # | 2527663 |
|---|---|
| Listing Type | For Sale |
| Building Name | Church Lake Waterfront |
| HOA Dues | $235 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2003 |
| Days On Site | 95 |
| Listing Provided By | Rethinking Real Estate LLC | Don J. Karstedt |
| SQ Feet | 2,788 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.35 |
| Property | 7797 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Bonney Lake |
| Zip Code | 98391 |
| Area | 109 Lake Tapps | Bonney Lake |
| Community Name | Church Lake |
| School District | Bonney Lake High |
| Elementary School | Emerald Hills Elem |
| High School | Bonney Lake High |
| Listing VS Median (in Church Lake) | |
Price: $845,000 low | high Med: $589,950 sqft: 2,788 low | high Med: 1,500 $ / sqft: $303 low | high Med: $393 On site: 95 low | high Med: 39 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Bonney Lake |
| Zip Code | 98391 |
| Area | 109 Lake Tapps | Bonney Lake |
| Community Name | Church Lake |
| School District | Bonney Lake High |
| Elementary School | Emerald Hills Elem |
| High School | Bonney Lake High |
| Listing VS Median (in Church Lake) | |
Price: $845,000 low | high Med: $589,950 sqft: 2,788 low | high Med: 1,500 $ / sqft: $303 low | high Med: $393 On site: 95 low | high Med: 39 | |