Active
6 beds4 baths2,700 sqft

7223 Vandermark Rd E, Bonney Lake, WA 98391

Multi FamilyProperty Type
0.44 acresLot Size
2008Year Built
$270/sq ftPrice per sq ft
6 carsParking Spaces

Description

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. Note: Rents scheduled...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. Note: Rents scheduled to increase on 8/1/26 @ "7225" to 1975 + 175 utils = 2040/mo. Rents scheduled to increase on 9/1/26 @ "7223" to 1975 + 175 utils = 2040/mo.
137 days on Market
Cumulative days on Market: 46
  • Listed by: Dean Brinton 206.948.7235 dean@ppshomes.net • PPS Homes
Last updated: 09/21/2026 09:29 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2521644
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Principal and Interest

$3,897

Property Taxes

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Property Information for 7223 Vandermark Road East

Property Details

  • Taxes: $7,164 / year
  • MLS Type: Residential Income
  • Community Name: Lake Tapps
  • School District: Sumner-Bonney Lake
  • Number of Assigned Spaces: 6
  • Total Covered Parking: 4
  • Entry Date: 05-25-2026
  • Energy Source: Electric
  • Sewer: Sewer Connected

Building Information

  • Stories: 2
  • Residences: 2
  • Year Built: 2008
  • Lot Size: 0.44 AC / 19,195 SF

Summary

Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio, RV Parking
  • Area: 109 - Lake Tapps/Bonney Lake
  • Elementary School: Emerald Hills Elem
  • Middle Or Junior School: Lakeridge Middle
  • High School: Bonney Lake High
  • Directions: From 214th Avenue East, turn onto Vandermark Road East, then Right onto Church Lake Drive East.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 4.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking: No
  • Parking Features: RV Parking

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
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Amenities: Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Furnace
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
  • Security Features: Fully Fenced

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Bonney Lake
  • Water Company: Bonney Lake
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete, Slab
  • Zoning Remarks: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Pierce County Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Details: Dead End Street, Paved
  • Lot Size Source: Pierce County Records
  • Parcel Number Free Text: 5040000085
  • Building Condition: Very Good
  • Calculated Square Footage: 2700
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2700.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows

Multi Family

Building Details
  • Total Uncovered Parking: 2
  • Number of Stories in Building: 2
  • 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: 8351
  • Gross Adjusted Income: 43200
  • Gross Rent Multiplier: 16.89
  • Gross Scheduled Income: $43,200
  • Insurance Expense: $1,187
  • Net Operating Income: $34,849
  • Other Expenses: $0
  • Total Monthly Income: 3600
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 7223
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1350
  • Rent Unit 1: $1,800.00
  • Bedrooms Unit 1: 3
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 7225
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1350
  • Rent Unit 2: $1,800.00
  • Bedrooms Unit 2: 3
  • Bathrooms Unit 2: 2

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2700.0

Property History for 7223 Vandermark Road East

DateEvent & SourcePriceAppreciation
May 25, 2026

Listed (Active)

NWMLS #2521644

$730,000—
Jun 11, 2014

Sold

NWMLS #630132

$330,000—
May 12, 2014

Pending

NWMLS #630132

—
DateEvent & SourcePrice
05/25/2026

Listed (Active)

NWMLS #2521644

$730,000
06/11/2014

Sold

NWMLS #630132

$330,000
05/12/2014

Pending

NWMLS #630132

—

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

Public records

7223 Vandermark Road East

Total Finished SqFt

2,700 SqFt

Above Ground SqFt

2,700 SqFt

Stories

2

Lot Size

19,195 SqFt

Style

Duplex

Year Built

2008

Schools near 7223 Vandermark Road East

This home is within Sumner School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Emerald Hills Elementary School
PublicK to 5

Lakeridge Middle School
Public6 to 8

Bonney Lake High School
Public9 to 12

Tehaleh Heights Elementary School
PublicPK to 5

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.

Similar Homes

7223 Vandermark Road East is a multi-family home for sale in Bonney Lake, WA 98391. This property was listed for sale on May 25, 2026 by PPS Homes, it's currently listed at $730,000. It has been on the market for a total of 137 days and was last sold on June 11, 2014. This listing's school district is Sumner School District. Nearby schools include Emerald Hills Elementary School, Lakeridge Middle School and Bonney Lake High School. 7223 Vandermark Road East is a 6-bed, 4-bath, 2,700 sqft multi-family home built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PPS Homes

Based on information submitted to the MLS GRID as of 09/21/2026 09:29 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.