7223 Vandermark Rd E

4
Baths
2,700 Sq. Ft.
$270 / Sq. Ft.
2,700
Sq. Ft.
$270
per Sq. Ft.

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.
  1. Listed by Dean Brinton • PPS Homes
    P: (253)-426-3005 dean@ppshomes.net

Property Details for 7223 Vandermark Road East

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
LISTING UPDATED: 05/28/2026 07:17 PM

Property Details for 7223 Vandermark Road East

StatusActive
MLS #2521644
Days on Market8
Cumulative Days on Market8
Taxes$7,164 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2008
Lot Size0.44 AC / 19,195 SF
CountyPierce County

Location

Listing Courtesy of PPS Homes
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Building Information for 7223 Vandermark Road East

Stories2Residences2Year Built2008Building Size-Lot Size0.44 AC / 19,195 SF

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Property Information for 7223 Vandermark Road East

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: 1
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 for 7223 Vandermark Road East

Taxable ValueLand$138,100Additions$285,800Total$423,900
Tax Record2021$5,519 ($460 / month)
Home Facts
Total Finished SqFt2,700 SqFtAbove Ground SqFt2,700 SqFtStories2Lot Size19,195 SqFtStyleDuplexYear Built2008Year Renovated2008CountyPIERCEAPN5040000085

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 8 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 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 PPS Homes

Based on information submitted to the MLS GRID as of 05/28/2026 07:17 PM. 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.