22424 S Prairie Rd E

3
Baths
2,034 Sq. Ft.
$344 / Sq. Ft.
2,034
Sq. Ft.
$344
per Sq. Ft.

Description

Investor alert! This one-owner, custom-built duplex has been impeccably maintained and is a rare opportunity for high-quality cash flow. Each 2 bed, 1.5 bath unit offers 1,017 sq ft of thoughtfully designed space with open layouts, attached 1-car garages, energy-efficient heat pumps for year-round comfort, washer/dryer hookups, and large concrete patios. Built to last with new Hardi-Plank siding, tongue & groove cedar soffits, charming covered porches, newer roofs (2017), and fresh exterior paint....Investor alert! This one-owner, custom-built duplex has been impeccably maintained and is a rare opportunity for high-quality cash flow. Each 2 bed, 1.5 bath unit offers 1,017 sq ft of thoughtfully designed space with open layouts, attached 1-car garages, energy-efficient heat pumps for year-round comfort, washer/dryer hookups, and large concrete patios. Built to last with new Hardi-Plank siding, tongue & groove cedar soffits, charming covered porches, newer roofs (2017), and fresh exterior paint. Fully occupied with long-term tenants and a waiting list. All appliances included (W/D excluded). Situated on nearly ¾ acre with abundant off-street parking—this is a low-maintenance, turn-key asset for the savvy investor.
  1. Listed by Tony Binion • Pointe3 Real Estate
    P: (206)-217-2217 tony@pointe3.com
  2. Listed by Eric Emry • Pointe3 Real Estate
    P: (206)-217-2217 Eric@Pointe3.com

Property Details for 22424 South Prairie Road East

Community Name
Bonney Lake/Buckley
School District
White River
Number of Assigned Spaces
5
Total Covered Parking
1
Entry Date
04-17-2025
Energy Source
Electric
Sewer
Septic Tank
LISTING UPDATED: 07/07/2025 04:02 AM

Property Details for 22424 South Prairie Road East

StatusSold
MLS #2360831
Days on Market40
Cumulative Days on Market40
Taxes$6,850 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size0.74 AC / 32,234 SF
CountyPierce County

Location

Listing Courtesy of Pointe3 Real Estate

Sold By Skyline Properties, Inc.

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Building Information for 22424 South Prairie Road East

Stories1Residences2Year Built1995Building Size-Lot Size0.74 AC / 32,234 SF

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OriginPoint Mortgage or Rocket Mortgage1

$4,096 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,525

Property Taxes

$571

HOA Dues

$0

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Property Information for 22424 South Prairie Road East

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV
  • Area: 109 - Lake Tapps/Bonney Lake
  • Directions: GPS Friendly
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 4
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 960
  • Power Company: PSE
  • Sewer Company: Septic
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Remarks: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 32
Lot Information
  • Lot Size Source: Public Record
  • Parcel Number Free Text: 0519115004
  • Building Condition: Very Good
  • Calculated Square Footage: 2034
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2034.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 8810
  • Gross Adjusted Income: 43200
  • Gross Rent Multiplier: 16.25
  • Gross Scheduled Income: $43,200
  • Insurance Expense: $1,000
  • Net Operating Income: $34,890
  • Other Expenses: $0
  • Total Monthly Income: 3600
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1017
  • Rent Unit 1: $1,800.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1017
  • Rent Unit 2: $1,800.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2034.0
  • Leasable Area Units: Square Feet

Property History for 22424 South Prairie Road East

DateEvent & SourcePriceAppreciation
Jun 6, 2025

Sold

NWMLS #2360831

$700,000
Jun 4, 2025

Sold (Public Record)

Public Record #1558892372

$700,000
May 27, 2025

Pending

NWMLS #2360831

Apr 17, 2025

Listed (Active)

NWMLS #2360831

$700,000
DateEvent & SourcePrice
06/06/2025

Sold

NWMLS #2360831

$700,000
06/04/2025

Sold (Public Record)

Public Record #1558892372

$700,000
05/27/2025

Pending

NWMLS #2360831

04/17/2025

Listed (Active)

NWMLS #2360831

$700,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 22424 South Prairie Road East

Taxable ValueLand$259,600Additions$365,200Total$624,800
Tax Record2025$6,850 ($571 / month)
Home Facts
Total Finished SqFt2,034 SqFtAbove Ground SqFt2,034 SqFtStories1Lot Size32,234 SqFtStyleDuplexYear Built1995Year Renovated2001ZoningRSV5CountyPIERCEAPN0519115004Fireplace TypeBacked

Schools near 22424 South Prairie Road East

This home is within White River School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Foothills Elementary School
Public1 to 5

Glacier Middle School
Public6 to 8

White River High School
Public9 to 12

White River Reengagement Program
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pointe3 Real Estate

Based on information submitted to the MLS GRID as of 07/07/2025 04:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.