24029 24th Avenue S, Des Moines, WA 98198 (MLS # 2542068)

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Listing provided courtesy of Northwest MLS; Keller Williams Rlty Bellevue

PRICE $799,000
BEDS 5
BATHS 4.5
HOME SIZE 2,650 sqft
LOT SIZE 13,765 sqft
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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.

LAST UPDATED 6/18/2026 TRACT Des Moines
YEAR BUILT 1959 COMMUNITY Des Moines
COUNTY King STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Parkside Primary
Jr. High School Pacific Mid
High School Mount Rainier High


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Dryer, Microwave, Refrigerator, Washer
AREA 120 - Des Moines/Redondo
BASEMENT Finished, Yes
CONSTRUCTION Wood Siding
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Baseboard, Wall Furnace, Wood
INTERIOR Fireplace
LOT 0.316 acre(s)
LOT DESCRIPTION Paved, Sidewalk
MLS STATUS Active
PARKING Detached Carport, Driveway, Off Street, Attached
STORIES Split/Multi Level
STYLE 15 - Multi Level
SUBDIVISION Des Moines
TAXES 8498.64
UTILITIES Cable Available, Sewer Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s), Sound, Territorial
WATER Public

SATELLITE VIEW



 
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/19/26 2:34 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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