24029 24th Avenue S Des Moines, WA 98198
24029 24th Avenue S
Des Moines, WA 98198
$799,000
Residential
5 Beds
4.50 Baths
2650 SqFt
Active
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.
Watch Virtual Tour #1Property Features
Community: Des Moines
Multi Level
View:
View: Sound
View: Territorial
Cable TV
Deck
Dog Run
Fenced-Fully
High Speed Internet
Bus Line Nearby: Yes
Exterior: Wood
Roof: Composition
Parking: Detached Carport
Parking: Driveway
Parking: Attached Garage
Parking: Off Street
Year Built: 1959
2026 Taxes: $8498.64
Buyer Broker Comp.: 2.5%
Listing #: 2542068
Lot Details
Lot Size: 0.32 acres
Paved
Sidewalk
Appliances That Stay
Dishwasher
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Washer
Interior
Fireplace
Cooling: None
Heating: Baseboard, Wall Furnace
Wood
Fireplaces: 2
Open Houses
Jun 20: 11:00 AM - 1:00 PM
Jun 21: 12:00 PM - 2:00 PM
Schools
District: Highline
Elem: Parkside Primary
Middle: Pacific Mid
High: Mount Rainier High
Call or Email:
Grace Wamwere
What's Near 24029 24th Avenue S Des Moines, WA 98198?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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