This home's estimate is 27.3% higher than the average sale price ($726K) of 6 comparable homes.
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22428 South Prairie Rd E, Bonney Lake, WA 98391
About this home
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.

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Market trends in 98391, WA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- COMING SOON$799,0004 beds2.5 baths2,359 sq ft9616 180th Ave E, Bonney Lake, WA 98391Kimber Lee • John L. Scott R.E. Lake Tapps
- $744,9804 beds2.5 baths2,612 sq ft12980 186th Ave E, Bonney Lake, WA 98391Sadie Rantung • AXEN Realty
- $550,0004 beds2.5 baths2,086 sq ft17942 122nd Street Ct E, Bonney Lake, WA 98391Kyle Rossman • COMPASS
- $779,9005 beds3 baths3,076 sq ft14636 203rd Ave E, Bonney Lake, WA 98391Bobbi Lee Betschart • Terrafin
- $1,198,0004 beds3.5 baths3,330 sq ft6309 207th Ave E, Bonney Lake, WA 98391Nicole Barclay • Windermere Bellevue Commons
- 3D WALKTHROUGH$649,0004 beds2 baths1,632 sq ft10024 Angeline Rd E, Bonney Lake, WA 98391Nichole Frandanisa • Timber Real Estate
- $730,0005 beds3 baths2,738 sq ft14708 199th Ave E, Bonney Lake, WA 98391Austin Robertson • Keller Williams Realty
- 3D & VIDEO TOUR$1,025,0003 beds2.5 baths3,558 sq ft12105 229th Ave E, Bonney Lake, WA 98391Danny Evanger • RE/MAX Elite
See all
Provided by Redfin
Sale history for 22428 South Prairie Rd E
$349/sq ft
$344/sq ft
$19/sq ft
$15/sq ft
Tax history for 22428 South Prairie Rd E
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
R5
Rural 5 Zone
The Rural 5 (R5) zone classification is intended to provide lands for rural uses at a rural density and provide a buffer between urban zone classifications and other lower density rural areas.Include but are not limited to:
- Housing-Single unit
- Housing-Multiple units
- Fire house
- Police station
- Agriculture-Cropland
- Housing-Mobile home park
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 4
- Covered Spaces: 1
- Open Parking Spaces: 4
- Has Open Parking
Interior
- Virtual Tour
- Bedroom Information
- Bedrooms Possible: 4
- Heating & Cooling
- Has Heating
- Heating Information: Ductless
- Has Cooling
- Interior Features
- Flooring: Vinyl, Carpet
- Multi-Family Financial Information
- Insurance Expense: $1,000
- Net Operating Income: $33,323
- Gross Adjusted Income: 42000
- Gross Scheduled Income: $42,000
- Total Monthly Income: 3600
- Gross Rent Multiplier: 16.25
- Total Expenses: 8677
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 2
- # of Units (Total): 2
- Unit Type 1 Information
- Unit Name: A
- # of Bathrooms: 1.5
- # of Bedrooms: 2
- Fireplaces: 0
- Range/Oven: true
- Washer/Dryer: false
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,017
- Actual Rent: $1,800
- Unit Type 2 Information
- Unit Name: B
- # of Bathrooms: 1.5
- # of Bedrooms: 2
- Fireplaces: 0
- Range/Oven: true
- Washer/Dryer: false
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,017
- Actual Rent: $1,700
Exterior
- Building Information
- Construction Materials: Cement Plank
- Roof: Composition
- Exterior Features
- Exterior Features: Cement Planked
- Property Information
- Energy Source: Electric
- Style Code: 52 - Duplex
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Property Condition: Very Good
- Land Information
- Possible Use: Residential
- Lot Information
- MLS Lot Size Source: Public Record
- Site Features: Cable TV
- Lot Size Units: Square Feet
- Lot Size Acres: 0.74
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $6,717
- Tax Year: 2024
- Financial Information
- Listing Terms: Cash Out, Conventional, FHA, Owner Financing, USDA Loan, VA Loan
- Buyer Financing: Conventional
Utilities
- Utility Information
- Water Source: Public
- Power Company: PSE
- Sewer: Septic Tank
- Sewer Company: Septic
- Water Sewer Garbage: 960
Location
- School Information
- High School District: White River
- Location Information
- Directions: GPS Friendly
Public facts
- Beds: 4
- Baths: 3.0
- Sq. Ft.: 2,034
- Stories: 1.0
- Lot Size: 0.68 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: 1995
- Year Renovated: 2001
- County: Pierce County
- APN: 0519115005
Other
- Listing Information
- Buyer Brokerage Compensation: 2.5
- Buyer Brokerage Compensation Type: %
- Mls Status: Sold
- Listing Date Information
- On Market Date: Thursday, April 17, 2025
- Green Information
- Power Production Type: Electric
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 2034
- Building Area Total: 2034
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Structure Type: Duplex
- Stories Total: 1
Around this home
Schools
Public 1-5 • Assigned • 0.9mi
Public 6-8 • Assigned • 5.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
10 unhealthy days expected this year, 12 days in 30 years
Sun exposure
In this area, properties receive around 8.9 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98391
Home values near 22428 South Prairie Rd E
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1134 Sq. Ft. | $558,660 |
- Beds | - Baths | 1084 Sq. Ft. | $339,170 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1291 Sq. Ft. | $512,872 |
3 Beds | 2 Baths | 1574 Sq. Ft. | $816,049 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1708 Sq. Ft. | $477,741 |
4 Beds | 3 Baths | 2034 Sq. Ft. | $730,495 |
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