$799,000
24029 24th Avenue S, Des Moines, WA 98198
5 Beds
4.5 Baths
2,650 Sq Ft
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MLS #2542068 / Listing provided by NWMLS & Keller Williams Rlty Bellevue.

$799,000

24029 24th Avenue S
Des Moines, WA 98198

Active 1 day ago
5
Beds
4.5
Baths
2,650
Sq Ft
$302
Per Sq Ft
1959
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Open House Schedules

Jun
20
11 AM - 1 PM
Jun
21
12 PM - 2 PM
Interior Features

Bedrooms

  • Total Bedrooms: 5
  • Main Level Bedrooms: 3
  • Lower Level Bedrooms: 2
  • Upper Level Bedrooms: 0

Bathrooms

  • Total Bathrooms: 5
  • Half Bathrooms: 0
  • Three-quarter Bathrooms: 2
  • Full Bathrooms: 3
  • Full Bathrooms in Garage: 0
  • Half Bathrooms in Garage: 0
  • Three-quarter Bathrooms in Garage: 0

Fireplaces

  • Total Fireplaces: 2
  • Lower Level Fireplaces: 1
  • Main Level Fireplaces: 1

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage: Yes
  • Garage Attached: Yes
  • Parking Features: Detached Carport, Driveway, Attached Garage, Off Street
  • Parking Total: 4
  • Total Uncovered Parking Spaces: 4

Structure

  • Roof: Composition
  • Exterior Features: Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Paved, Sidewalk
  • Acres: 0.316
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Highline
  • High School: Mount Rainier High
  • Middle School: Pacific Mid
  • Elementary School: Parkside Primary

Transportation

  • Nearby Bus Line: true

Lot Details

  • Lot Features: Paved, Sidewalk
  • Acres: 0.316
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Wood
  • Power Company: PSE

Water, Sewer, and Garbage

  • Sewer Company: Midway Sewer District
  • Sewer: Sewer Connected
  • Water Company: Highline
  • Water Source: Public
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