24029 24th Avenue S, Des Moines, WA 98198
- $799,000
- 5
- BD
- 5
- BA
- 2,650
- SqFt
Courtesy of Keller Williams Rlty Bellevue
- List Price
- $799,000
- Status
- ACTIVE
- Days on Market
- 31
- MLS#
- 2542068
- Subtype
- Residential
- Style
- 15 - Multi Level
- Year Built
- 1959
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 2,650
- Lot Size
- 13,765
- Acres
- 0.32
- Subdivision
- Des Moines
- Neighborhood
- Des Moines
- Building Name
- Puget Sound Park To Des Moines
- MLS Area Major
- Des Moines/Redondo
Property Description
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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Additional Information
- Interior Features
- Fireplace
- Exterior Features
- Wood
- Property Description
- 15 - Multi Level
- Flooring
- Laminate, Vinyl, Carpet
- Heating
- Baseboard, Wall Furnace
- Air Conditioning
- None
- Levels
- Multi/Split
- Roof
- Composition
- Parking Features
- Detached Carport, Driveway, Attached Garage, Off Street
- School District
- Highline
- Elementary School
- Parkside Primary
- Middle School
- Pacific Mid
- High School
- Mount Rainier High
- View
- Mountains, Sound, Territorial
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.