24029 24th Avenue S, Des Moines, WA 98198

• 5 beds |
• 5 baths |
• 2,650 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

June 20, 2026 at 5:21AM

Listing Office:

Keller Williams Rlty Bellevue : 425-454-0911

Listing Agent:

Maggie Sun : 425-454-0911

MLS ID:

2542068

Interior

• General: Fireplace
• Appliances: DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
• Basement: Finished
• Flooring: LaminateVinylCarpet
• A/C: None
• Heating: BaseboardWall Furnace
• Fireplace: Wood BurningFireplaceFireplaces: 2

Exterior

• General: Wood
• Parking: Detached CarportDrivewayAttached GarageOff StreetParking spaces: 4

Construction

• Roofing: Composition
• General: Multi/SplitPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Highline
• County: King

Lot

• Zoning: 6929604345
• View: MountainsSoundTerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls