21614 29th Avenue S, Des Moines, WA 98198
- $1,095,000
- 3,730
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $1,095,000
- Status
- ACTIVE
- MLS#
- 2577632
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,730
- Area Total SqFt
- 3730
- Annual Tax Ammount
- 10189
- Lot Size (sq ft)
- 8,550
- Sewer
- Available, Sewer Connected
Property Description
Steady cash flow meets tenant-favorite amenities in this well-maintained Des Moines fourplex! Built in 1976, the 3,740-square-foot property offers four spacious 2-bedroom, 1-bath units — each with its own washer/dryer, dishwasher, refrigerator, range, garbage disposal, and wood-burning fireplace, the kind of features that keep quality tenants renewing year after year. The two upper units (approx. 930 SF) offer large private decks, while the two lower units (approx. 830 SF) open onto a shared patio and fenced backyard, and select units capture partial territorial and Puget Sound views. Seven off-street parking spaces, public utilities, sidewalked street frontage, and quick access to I-5, Highway 99, schools, and everyday conveniences round out this well-positioned, income-ready asset in one of South King County's most in-demand rental markets. Only one unit is currently occupied, giving the new owner a unique opportunity to hand-select tenants and set market-rate rents on the remaining three. Contact the listing agent for showing access and any questions.
Additional Information
- List Date
- 2026-09-09 07:13:11
- Community
- Des Moines
- Net Operating Income
- $71,730
- Gross Adjusted Income
- $84,360
- Gross Scheduled Income
- $88,800
- Total Monthly Income
- $7,400
- Insurance Expenses
- $2,100
- Water/Sewer/Garbage Expenses
- $4,200
- Gross Rent Multiplier
- 12.3
- Total Expenses
- $16,829
- Cap Rate
- 6.5
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 21614
- Potential Terms
- Cash, Conventional, FHA, See Remarks, VA Loan
- Year Built
- 1976
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 340
- Energy Source
- Electric
- School District
- Highline
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- Total Monthly Income
- $7,400
- Gross Scheduled Income
- $88,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $84,360
- Tax Year
- 2025
- Insurance Expense
- $2,100
- W/S/G Expenses
- $4,200
- Total Expenses
- $16,829
- Net Operating Income
- $71,730
- Gross Rent Multiplier
- 12.3
- Cap Rate
- 6.5
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.