24029 24th Avenue S, Des Moines, WA 98198
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: maggie sun
Office: keller williams rlty bellevue
MLS#:2542088
Source:NWMLS
24029 24th Avenue S,Des Moines, WA 98198
$799,000
- - Beds
- - Baths
- 2,650 sq. ft.
- Multi-family
- Active
Price summary
- Price:$799,000
- Price per sq. ft.:$301.51
About this home
Exceptional opportunity for homeowners and investors alike! This versatile 5-bedroom, 4.5-bath property offers strong income potential, flexible living arrangements, and future development possibilities on a generous lot. With separate entrances for both levels, it's ideal for multigenerational living, owner-occupants seeking rental income, or savvy investors. The main level features a gourmet kitchen, spacious living areas, and three generously sized bedrooms with two full bathrooms. The lower level offers multiple income-producing units, each with its own bathroom, while the larger unit includes a full kitchen. Currently partially rented on a month-to-month basis, the property has the potential to generate approximately $6,000 per month in rental income, including about $3,000 from each level. With a projected cap rate approaching 6%, this is a rare investment opportunity in a desirable location. Situated on a large lot surrounded by established single-family homes and attractive new construction, the property offers immediate cash flow and long-term upside. Explore the potential to build your dream home while collecting rental income from the existing residence. Also listed as a duplex, this unique offering provides exceptional flexibility and value. Conveniently located within walking distance to the light rail station, with easy access to shopping, dining, and major employment centers, this is an opportunity you won't want to miss....
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Home facts
- Year built:1959
- Listing ID #:2542088
- Updated:June 29, 2026 at 11:18 AM
Rooms and interior
- Flooring:Carpet, Laminate, Vinyl Floor
- Living area:2,650 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1959
- Building area:2,650 sq. ft.
- Lot area:0.32 Acres
- Lot Features:Paved, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Deck, Dog Run, Fenced-Partially, Patio
Schools
- High school:Mount Rainier High
- Middle school:Pacific Mid
- Elementary school:Parkside Primary
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$301.51
- Tax amount:$8,499 (2026)
Features and amenities
- Amenities:Cable TV, Electric Car Charging, High Speed Internet
Parking
- Total parking spaces:10
- Parking description:RV Parking
- Garage:Yes
- Garage spaces:1
- Carport spaces:1
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