James & Angie Smith

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Listing provided courtesy of Best Choice Realty LLCNWMLSas Distributed by MLSGrid- MLS# NWM2501728MLS Provider

22405 22407 120th Street EBonney Lake, WA 98391

Multi-Family · 4 Beds · 1,536 Sq. ft. | 0.93 Acres
$549,950 Active

22405 22407 120th Street E Overview

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Investment Opportunity on Nearly 1 Acre in Bonney Lake! Rare duplex set in the desirable White River School District, this single-story property features 1,536 total square feet with two side-by-side units, ideal for owner-occupancy with rental income or multi-generational living. One unit is currently owner- occupied and the other is tenant-occupied month-to-month, creating flexibility for future plans. Situated on a paved street with partial fencing, the expansive lot offers ample off-street parking (4+ uncovered spaces) and room for additional outbuildings, recreational vehicles, or potential value-add improvements (buyer to verify). This duplex presents a solid footprint with upside potential. Conveniently located near Hwy 410, shopping, dining, and commuter routes, this is a unique opportunity to own acreage with income potential in a rapidly growing Bonney Lake market.

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22405 22407 120th Street E Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,536
  • Price/Sq.ft. $358
  • Lot 0.93 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: White River
  • Elementary School: Foothills Elem
  • Middle Or Junior School: Glacier Middle Sch
  • High School: White River High

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Total Expenses: 5293
  • Total Monthly Income: 0
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1978

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 109 - Lake Tapps/Bonney Lake
  • Subdivision Name: Bonney Lake

Tax Information

  • Tax Annual Amount: $5,293.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 0519115013
  • Possible Use: Residential
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1536
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1536
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 1536
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Security Features: Partially Fenced
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.9269
  • Lot Size Square Feet: 40375
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 2
  • Sewer: Septic Tank

Unit Information

Unit 1 Details

  • Actual Rent: 800
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 800
  • Beds Total: 2
  • Baths Total: 1

22405 22407 120th Street E Neighborhood

Community

98391 (LAKE TAPPS) Demographics

37
Median Age
1,332
Population Density (per sq. mile)
41%
College Educated
$104,406
Estimated Median Income
15,404
Estimated Total Home Owners
2,599
Estimated Total Renters
86% / 14%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

22405 22407 120th Street E Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

22405 22407 120th Street E Market Data

Based on the last 30 days in this zip code

$876,827
Average List Price
$336
Average Price per Square Foot
93
Properties Sold
75
Average Days on Market
493
Properties for Sale
Calculations provided by Reliance Network

22405 22407 120th Street E History

Date Event Value Agent
4/4/2026Source: NWMLS Added to Database
April 04, 2026