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Listed by: Maggie Sun (425) 615-8293 | Keller Williams Rlty Bellevue (425) 454-0911
$699,000
Monthly Est:$3,479
5 Beds
5 Baths3 full baths
2,650sqft
24029 24th Avenue S, Des Moines, WA 98198
$699,000
$3,479/moEst:
Get Pre-Approved
Single Family Residence
Built in 1959
$-- HOA
13,765 sqft lot
$264/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 24, 2026 at 1:05 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2542068
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1959
HOA Fees
-
Finished Area
2,650 sqft
Lot Size
13,765 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2542068
MLS Status
Active
Days on Market
105
Cumulative Days on Market
96
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 5
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Lower
Bedroom
Level: Lower
Bathroom Full
Level: Main
Bathroom Full
Level: Main
Bathroom Full
Level: Lower
Bathroom Three Quarter
Level: Main
Bathroom Three Quarter
Level: Lower
Interior
Flooring
Laminate, Vinyl, Carpet
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/range(s), Washer
Exterior Features
Wood
Sewer
Sewer Connected
Interior Features
Fireplace
Heating
Baseboard, Wall Furnace
Cooling
None
Construction
Year Built
Year Built: 1959
Home type
Single Family Residence
Roof
Composition
Property Condition
Average
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Parking Features
Detached Carport, Driveway, Attached Garage, Off Street
Security Features
Fully Fenced
Basement
Finished
Water Source
Public
Fireplace Features
Wood Burning
Other Features
Lot Features
Paved, Sidewalk
Subdivision Name
Des Moines
Price History
| Date | Event | Price |
|---|---|---|
08/01/2026 Source: | Price Increased | $759,000 +8.58% $286/sqft |
07/08/2026 Source: | Listed for Sale | $699,000 -12.52% $264/sqft |
07/08/2026 Source: | Price Increased | $799,000 +14.31% $302/sqft |
07/08/2026 Source: | Price Decreased | $699,000 -12.52% $264/sqft |
07/01/2026 Source: | Pending | $799,000 +75.22% $302/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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