$759,000
 $4,074 est/mo Sourced by Back At You

24029 24th Avenue,Des Moines, WA 98198

Des Moines, WA 98198

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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.

Details

MLS #2542068
Listing TypeFor Sale
StyleHouse
Building NamePuget Sound Park To Des Moines
Sub-TypeResale
StatusActive
Year1959
Days On Site79
Listing Provided ByKeller Williams Rlty Bellevue | Maggie Sun

Features

Bed(s)5
Bath(s) 5 Total
SQ Feet2,650
Car PortYes
BasementY
Acreage0.32
Property ViewYes

Taxes

Property8498

Area Information

StateWA
CountyKing
CityDes Moines
Zip Code98198
Area120 Des Moines | Redondo
Community NameDes Moines
School DistrictMount Rainier High
Elementary SchoolParkside Primary
High SchoolMount Rainier High
Listing VS Median (in Des Moines)
Price:
$759,000
low | high
Med:
$409,250
96.080368906456% of Average
sqft:
2,650
low | high
Med:
940
100% of Average
$ / sqft:
$286
low | high
Med:
$510
28.017779699166% of Average
On site:
79
low | high
Med:
66
100% of Average
Sourced by Back At You

Market Activity 98198

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Learn More About This Property

StateWA
CountyKing
CityDes Moines
Zip Code98198
Area120 Des Moines | Redondo
Community NameDes Moines
School DistrictMount Rainier High
Elementary SchoolParkside Primary
High SchoolMount Rainier High
Listing VS Median (in Des Moines)
Price:
$759,000
low | high
Med:
$409,250
96.080368906456% of Average
sqft:
2,650
low | high
Med:
940
100% of Average
$ / sqft:
$286
low | high
Med:
$510
28.017779699166% of Average
On site:
79
low | high
Med:
66
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $569K - $948K
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
24029 24th Avenue Property Photo 1
$759,000
24029 24th Avenue
Des Moines, WA 98198
Listing Updated: September 1, 2026 at 5:34:26 AM PDT