$ 799,000
-
$799,000
Price -
5
Bed -
4
Bath -
2,650
SqFt
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Open House Times
- Sat. Jun. 20 at 11:00am to 1:00pm
- Sun. Jun. 21 at 12:00pm to 2:00pm
About the Listing 5243 - 109583
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.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Wall Furnace
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Highline
Exterior Details
- Lot Description: Paved,Sidewalk,Cable TV,Deck,Dog Run,Electric Car Charging,Fenced-Partially,High Speed Internet,Patio,RV Parking,Zoning: Multi-Family,Residential
- Garage Capacity: 1 car
- Parking Spaces: 10
- Zoning: Multi-Family,Residential
- Roof: Composition
- Others: Wood,Good
- Sewer: Midway Sewer District
- Parking Features: RV Parking
Financial Details
- Tax Amount: $8,499
- Taxes w/Assessments: N/A
- Tax/Property ID: 6929604345
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
24029 24th Ave S Des Moines, WA 98198
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