$1,050,000
Est. $5,816/moPrice reduced $45,000 from the original $1,095,000 asking price
3,730 sq ft
21614 29th Avenue S, Des Moines, WA 98198
• Listed Sep 9, 2026•41 days active · 41 cumulative
Listing Broker: eXp Realty; Adisu Fanta; 206-255-3715; adisu@fantaproperties.com
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Listing Broker: eXp Realty; Adisu Fanta; 206-255-3715; adisu@fantaproperties.com
About this home
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.
Listed by Adisu Fanta • eXp Realty
Listing updated: September 29, 2026 at 04:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2577632
Around this home
How much should you offer?
21614 29th 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
- 4-Plex
Flooring
- Laminate
- Vinyl
- Vinyl Plank
- Carpet
Heating & cooling
- Baseboard heating
- See Remarks cooling
Schools
Ratings via SchoolDiggerHighline School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
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
- 4
- Units in building
- 4
- Units below grade
- false
- Building square feet
- 3,730 sq ft
Income & expenses
- Gross scheduled income
- $88,800
- Total monthly income
- $7,400
- Additional monthly income
- $7,400
- Gross adjusted income
- $84,360
- Net operating income
- $71,730
- Cap rate
- 6.5%
- Gross rent multiplier
- 12.3
- Vacancy rate
- 5%
- Total expenses
- $16,829
- Insurance
- $2,100
- Electric
- $340
- Water / sewer / garbage paid by
- 4200
Parking & storage
- Parking spaces
- 7
- Uncovered parking
- 7
Taxes & assessment
- Annual taxes
- $10,189
- Tax year
- 2025
- Financing
- Cash, Conventional, FHA, See Remarks, VA Loan
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 21614 29th 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.
- Sep 29, 2026Price reducedNWMLS via MLS Grid · #2577632$1,050,000$282/sq ft
- Sep 9, 2026ListedNWMLS via MLS Grid · #2577632$1,095,000$294/sq ft
- Jun 30, 2017SoldNWMLS via MLS Grid · #1070419$552,500$148/sq ft
- Mar 7, 2017PendingNWMLS via MLS Grid · #1070419$560,000$150/sq ft
- Feb 28, 2017ListedNWMLS via MLS Grid · #1070419$560,000$150/sq ft
- Nov 29, 2006Recorded saleKing County recorder · Statutory warranty deed$525,000$141/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
$6,928 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
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: eXp Realty; Adisu Fanta; 206-255-3715; adisu@fantaproperties.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 76 days.
Recent sales nearby
Within 1 mile · last 6 months$350,000 Sold
2 weeks ago
5 bd•2.75 ba•~2,199 sq ft•Single Family
2051 S 223rd Street, Des Moines, WA 98198
30%
Under list
159
Days on market
0.6 mi
Distance
$266,000 Sold
2 weeks ago
3 bd•1 ba•~1,430 sq ft•Single Family
21420 33rd Avenue S, SeaTac, WA 98198
0%
Over list
—
Days on market
0.3 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
0.7 mi
Distance
$750,000 Sold
6 weeks ago
3 bd•1.75 ba•~1,699 sq ft•Single Family
22217 Military Rd S, SeaTac, WA 98198
0%
Over list
36
Days on market
0.4 mi
Distance
$1,048,000 Sold
2 months ago
•Single Family
3020 S 216th Street #J, SeaTac, WA 98198
5%
Under list
123
Days on market
0.1 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 20, 2026 at 8:34 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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