MLS #2542088 / Listing provided by NWMLS & Keller Williams Rlty Bellevue.
$799,000
24029 24th Avenue S
Des Moines,
WA
98198
Sq Ft
Per Sq Ft
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.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 1
- Parking Features: RV Parking
- Parking Total: 10
- Total Uncovered Parking Spaces: 8
Structure
- Roof: Composition
- Exterior Features: Wood
- Foundation: Poured Concrete
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.316
- Foundation: Poured Concrete
Schools
- High School District: Highline
- High School: Mount Rainier High
- Middle School: Pacific Mid
- Elementary School: Parkside Primary
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.316
- Foundation: Poured Concrete
Power
- Energy Source: Electric, Wood
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: Midway Sewer District
- Sewer: Sewer Connected
- Water Company: Highline
- Water Source: Public
- Water, Sewer, and Garbage: 3600
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