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.
Sold
Listed by: Pointe3 Real Estate • Tony Binion
Bought with: Skyline Properties, Inc.
$700,000
22424 South Prairie Road E, Bonney Lake, WA 98391
4beds
4baths
2,034sqft
Duplex, Multi Family
Built in 1995
-- sqft lot
$683,200 Zestimate®
$344/sqft
$2,370 Estimated rent
Home value
$683,200
$635,000 - $738,000
$2,370/mo
Zestimate® history
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$4,295/mo
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List your homeWhat's special
Abundant off-street parkingEnergy-efficient heat pumpsNew hardi-plank sidingThoughtfully designed spaceOpen layoutsCharming covered porchesFresh exterior paint
Zillow last checked:
Listing updated:
Listed by:
Tony Binion,
Pointe3 Real Estate,
Eric Emry,
Pointe3 Real Estate
Bought with:
Nancy Struthers, 86420
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2360831
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Ductless, Electric
Cooling
- Ductless
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,034
- Total interior livable area: 2,034 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Covered spaces: 1
- Uncovered spaces: 4
Lot
- Size: 0.74 Acres
- Features: Cable TV
Details
- Parcel number: 0519115004
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1995
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public
Community & HOA
Community
- Subdivision: Bonney Lake/Buckley
Location
- Region: Bonney Lake
Financial & listing details
- Price per square foot: $344/sqft
- Tax assessed value: $624,800
- Annual tax amount: $6,850
- Date on market: 5/28/2025
- Cumulative days on market: 420 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $700,000$344/sqft |
Source:  NWMLS as distributed by MLS GRID #2360831 Report a problem | ||
| 5/27/2025 | Pending sale | $700,000$344/sqft |
Source: NWMLS as distributed by MLS GRID #2360831 Report a problem | ||
| 4/17/2025 | Listed for sale | $700,000+1742.1%$344/sqft |
Source: NWMLS as distributed by MLS GRID #2360831 Report a problem | ||
| 3/14/1995 | Sold | $38,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,850 +9.9% | $624,800 +5.6% |
| 2023 | $6,232 +4.6% | $591,600 +1.2% |
| 2022 | $5,958 +10.1% | $584,600 +28.7% |
| 2021 | $5,411 +20.8% | $454,400 +28.1% |
| 2019 | $4,480 +12.7% | $354,800 +4% |
| 2018 | $3,975 +12% | $341,000 +27.1% |
| 2017 | $3,548 -0.8% | $268,200 +26.2% |
| 2016 | $3,577 | $212,500 -0.5% |
| 2014 | $3,577 +1.9% | $213,500 +3.5% |
| 2013 | $3,511 | $206,300 +4.8% |
| 2012 | -- | $196,900 -16.2% |
| 2011 | -- | $234,900 -8.8% |
| 2010 | -- | $257,600 -12.5% |
| 2009 | -- | $294,500 -0.5% |
| 2008 | $3,542 | $295,900 +0.7% |
| 2007 | $3,542 +31.2% | $293,900 +67.8% |
| 2002 | $2,700 +2.9% | $175,100 +2.9% |
| 2001 | $2,624 | $170,200 +6% |
| 2000 | $2,624 | $160,500 |
Find assessor info on the county website
Neighborhood: 98391
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Nearby schools
GreatSchools rating
- 6/10Foothills Elementary SchoolGrades: 1-5Distance: 0.9 mi
- 6/10Glacier Middle SchoolGrades: 6-8Distance: 5 mi
- 7/10White River High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$683,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$683,200
- Washington
- Pierce County
- Bonney Lake
- 98391
- 22424 South Prairie Road E
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