$699,000
Est. $3,872/moPrice reduced $100,000 from the original $799,000 asking price
2,650 sq ft
24029 24th Avenue S, Des Moines, WA 98198
• Listed Jul 7, 2026•116 days active · 116 cumulative
Listing Broker: Keller Williams Rlty Bellevue; Maggie Sun; 425-615-8293; maggie@maggiesunre.com
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Listing Broker: Keller Williams Rlty Bellevue; Maggie Sun; 425-615-8293; maggie@maggiesunre.com
About this home
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.
Listed by Maggie Sun • Keller Williams Rlty Bellevue
Listing updated: October 6, 2026 at 03:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2542088
Around this home
How much should you offer?
24029 24th Avenue S, Des Moines, WA 98198
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Duplex
- 420 sq ft garage
Flooring
- Laminate
- Vinyl
- Carpet
Heating & cooling
- Baseboard heating
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDiggerHighline School District
- Parkside PrimaryPublic · Grades Elementary—
- Pacific Middle SchoolPublic · Grades 6-8 · State rank 468 of 5141/10
- Mount Rainier High SchoolPublic · Grades 9-12 · State rank 193 of 3966/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 2
- Units below grade
- false
- Building square feet
- 2,650 sq ft
Income & expenses
- Gross scheduled income
- $72,000
- Total monthly income
- $6,000
- Gross adjusted income
- $68,400
- Net operating income
- $47,801
- Cap rate
- 5.98%
- Gross rent multiplier
- 0.09
- Vacancy rate
- 5%
- Total expenses
- $20,599
- Insurance
- $1,500
- Electric
- $6,000
- Other expenses
- $1,000
- Water / sewer / garbage paid by
- 3600
Parking & storage
- Parking spaces
- 10
- Uncovered parking
- 8
- Covered spaces
- 2
- Parking type
- RV Parking
Taxes & assessment
- Annual taxes
- $8,499
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 24029 24th Avenue S
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 9, 2026Price reducedNWMLS via MLS Grid · #2542068$699,000$264/sq ft
- Oct 6, 2026Price reducedNWMLS via MLS Grid · #2542088$699,000$264/sq ft
- Jun 18, 2026ListedNWMLS via MLS Grid · #2542088$799,000$302/sq ft
- Jun 18, 2026ListedNWMLS via MLS Grid · #2542068$799,000$302/sq ft
- Jun 30, 2021Recorded saleKing County recorder · Quit claim deed$185,081$70/sq ft
- Oct 20, 2017SoldNWMLS via MLS Grid · #1132582$456,000$172/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$4,755 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Keller Williams Rlty Bellevue; Maggie Sun; 425-615-8293; maggie@maggiesunre.com
Market pulse
Des Moines is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 80 days.
Recent sales nearby
Within 1 mile · last 6 months$529,950 Sold
1 week ago
3 bd•1.75 ba•~1,190 sq ft•Single Family
24855 16TH Avenue S, Des Moines, WA 98198
7%
Under list
134
Days on market
0.7 mi
Distance
$540,000 Sold
3 weeks ago
3 bd•1.5 ba•~1,660 sq ft•Single Family
23427 28th Avenue S, Des Moines, WA 98198
4%
Under list
46
Days on market
0.4 mi
Distance
$400,000 Sold
3 weeks ago
2 bd•1.75 ba•~1,350 sq ft•Single Family
932 S 245th Place, Des Moines, WA 98198
2%
Under list
117
Days on market
0.9 mi
Distance
$2,340,000 Sold
4 weeks ago
•Single Family
22659 Pacific Hwy S, Des Moines, WA 98198
2%
Under list
118
Days on market
0.9 mi
Distance
$760,000 Sold
4 weeks ago
3 bd•2.5 ba•~2,470 sq ft•Single Family
1835 S 251st Place, Des Moines, WA 98198
2%
Under list
38
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 18, 2026 at 2:08 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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