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$759,000 -$40,000 (-5.01%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 1 Car Garage
  • Updated 3 days ago

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24029 24th Avenue S,Des Moines, WA 98198

24029 24th Avenue SDes MoinesWA98198

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Listed by Maggie Sun | Keller Williams Rlty Bellevue | (425) 454-0911

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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.

Full Property Details for 24029 24th Ave S

General

  • Price: $759,000
  • Taxes: $8,498 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2542088
  • Updated: 8/3/2026
  • Added to Site: 49 day(s) ago

Rental Information

  • Short Term: Yes

Interior

  • Flooring: Laminate, Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Deck, Dog Run, Electric Car Charging, Fenced-Partially, High Speed Internet, Patio, RV Parking
  • Security/Safety: Partially Fenced

Parking

  • Garage Spaces: 1
  • Carport Spaces: 1
  • Covered Spaces: 2
  • Uncovered Spaces: 8
  • Parking Features: RV Parking

Location

  • Area: 120 - Des Moines/Redondo
  • County: King
  • Subdivision: Des Moines
  • Building Name: Puget Sound Park To Des Moines
  • Driving Directions: On HWY 99, west on S 240th St then south on 24th Ave S to the property on the west side of the road.

School Information

  • High School District: Highline
  • Elementary School: Parkside Primary
  • Middle School: Pacific Mid
  • High School: Mount Rainier High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Wall Furnace

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,650
  • Year Built: 1959
  • Property Condition: Good

Unit Information

  • Units in Building: 2

Lot Features

  • Property View: Mountains, Sound, Territorial
  • Lot Size (Acres): 0.316
  • Lot Size (Sq. Ft.): 13,765
  • Lot Size Source: KCR
  • Lot Features: Paved, Sidewalk
  • Zoning: Multi-Family, Residential

Financial Considerations

  • Tax Amount: $8,498.64
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 6929604345
  • Block: 30
  • Lot Number: 16 THRU 18

Listed by Maggie Sun | Keller Williams Rlty Bellevue | (425) 454-0911

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Schools serving 24029 24th Ave S

School District:Highline School District
NameGradesDistance
Parkside Elementary School, Des Moines, WA
2104 South 247th Street, Des Moines, WA 98198
K-50.3 mi
Pacific Middle School, Des Moines, WA
22705 24th Ave S, Des Moines, WA 98198
6-80.9 mi
Mount Rainier High School
22450 19th Avenue South, Des Moines, WA 98198
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 24029 24th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/03/2026
Price Reduced
$759,000
-5.01%
MLS
6/18/2026
Listed
$799,000
75.22%
MLS
8/30/2017
Sold
$456,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 24029 24th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2026
$8,499
15%
$687,000
9%
2024
$7,417
6%
$631,000
3%
2024
$6,965
—
$615,000
—
2022
$6,984
18%
$615,000
25%
2021
$5,908
—
$492,000
14%
2021
$5,908
5%
$431,000
4%
2020
$5,641
3%
$415,000
-4%
2019
$5,462
-5%
$432,000
11%
2018
$5,773
22%
$390,000
21%
2017
$4,740
11%
$321,000
10%
2016
$4,259
6%
$293,000
7%
2015
$4,014
21%
$273,000
29%
2014
$3,320
—
$212,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Maggie Sun | Keller Williams Rlty Bellevue | (425) 454-0911

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24029 24th Avenue S, Des Moines, WA 98198 (MLS# 2542088) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 24029 24th Avenue S is currently listed for $759,000 and was received on June 18, 2026. Want to learn more about 24029 24th Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Des Moines? You can browse all Des Moines real estate or contact a Coldwell Banker agent to request more information.

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