™by The Broker Team$699,000
Active24029 24th Ave S, Des Moines, WA 98198
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REPORTED FEATURES
Why you might love it
YOUR SEARCH
Why it matched
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TAKE A CLOSER LOOK
Reasons to see it in person
- Listed Jun 18
- Explore the layout of the 13,765 sq ft lot
YOUR NEXT CHAPTER
Be ready when you find the one
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Mortgage Lending Group · Company NMLS 1157983 · Enrique Pelayo Jr. NMLS 131435
THE FACTS
Home details
Interior
- Bedrooms
- 5
- Bathrooms
- 5
- Interior area
- 2,650 sq ft
- Levels
- Multi/Split
- Flooring
- Laminate, Vinyl, Carpet
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Other features
Exterior & lot
- Home type
- House
- Year built
- 1959
- Lot size
- 13,765 sq ft
- Exterior
- Wood
- View
- Mountains, Sound, Territorial
Parking
- Parking spaces
- 4
- Parking features
- Detached Carport, Driveway, Attached Garage, Off Street
Systems
- Heating
- Baseboard, Wall Furnace
- Cooling
- None
- Water
- Public
- Sewer
- Sewer Connected
Taxes & HOA
- Annual property tax
- $8,498.64 (2026)
- Monthly HOA
- $0
FROM THE LISTING
About this home
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.
AROUND THE HOME
Nearby places
© OpenStreetMap contributors. Straight-line distances are estimates; routes and opening hours may differ.
MLS SCHOOL INFORMATION
Schools
Highline School District
Elementary: Parkside Primary
Middle: Pacific Mid
High: Mount Rainier High
School assignments can change. Confirm with the district before you decide. No ratings or rankings are provided.
CURRENT CITY LISTINGS
Market snapshot
Des Moines
City-wide active listings in our approved IDX feed · 10/12/2026, 11:01:55 PM Pacific.
KEEP EXPLORING
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Built in 1959 · About 67 years old.