DES MOINES WA DUPLEX MULTI FAMILY

DES MOINES WA DUPLEX, TRIPLEX 4PLEX MULTI FAMILY PROPERTIES

 

 

DES MOINES WA MULTI FAMILY REAL ESTATE, DUPLEX, TRIPLEX FOURPLEX FOR SALE

$798,500
2551473 MLS ⋅ PENDING INSPECTION Status
Rare investor opportunity to acquire a well-maintained 4-plex in one of Des Moines' most desirable rental locations! This fully occupied property features four spacious 2-bedroom, 1-bath units totaling 2,976 rentable square feet, providing consistent cash flow with excellent upside through future rent increases. Property amenities include on-site credit based operated laundry for additional income, individual tenant storage, eight off-street parking spaces, a fully fenced yard, thermal windows, and a durable composition roof. Conveniently located just minutes from Sea-Tac Airport, Highline College, shopping, dining, public transit, the Des Moines Marina, and major commuter routes, ensuring strong tenant demand. A turnkey investment with value-add potential and an outstanding addition to any real estate portfolio. Buyer to verify all information to their satisfaction.

21623 30th Avenue S, Des Moines

Listing courtesy of Skyline Properties, Inc..

$759,000
2542088 MLS ⋅ ACTIVE Status
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.

24029 24th Avenue S, Des Moines

Listing courtesy of Keller Williams Rlty Bellevue.

$598,000
2523805 MLS ⋅ PENDING Status
RARE DUPLEX for sale in this area! SELLER PROVIDES 1YR HOME WARRANTY ORHWP- Live in One Side & the other side is already rented for AFFORDABLE LIVING! Great location 2 Blocks from Midway Park, Hidden Gem in the Pacific Ridge Neighborhood. Park has trails, Sport Court, Community Gardens, & Playground & more! 21903 Unit-Awesome 2 Bedroom, 1 bath with 2nd Door into Bath from Master Bedroom. Just Remodeled with high end finishes! New LVP Floor, Luxury Quartz Counters in Kitchen & Bath, Custom sinks, faucets & hardware. Designer colors make the design feel like a High End Condo! All New Cabinets, New GE Stainless Appliances- Including Microwave, Stove, Fridge & Dishwasher. New Hot Water Heater, & everything else in the unit was upgraded. Crawlspace was cleaned out, new insulation & vapor barrier too! Roof has new 60 Mil TPO in 2023, New Gutters and downspouts too! Upgraded Electric panels in both units. Each unit has Washer & Dryer hookups W/storage unit. Large Spacious carport to keep your car out of the weather & for easy unloading. Back decks are a great outdoor space too! Brand New Privacy fence on both back yards for your own private oasis. 21905 Unit- Previously remodeled but not to the same degree. New floors, painted cabinets, upgraded electrical & many other things upgraded as well & is currently rented for $1675/mo+ $125/mo Water & sewer fee on month to month agreement. This is a Great Investment Opportunity in this area as well @ 6.25% CAP RATE projected!

21903 -05 30th Avenue S, Des Moines

Listing courtesy of Town & Country Brokers Inc.

$1,095,000
2468235 MLS ⋅ SOLD Status
Turnkey Four-Plex located between Angle Lake Station and the newly-opened Kent–Des Moines Light Rail. All four 2BD/1BA units feature classic layouts with full kitchens, appliances, dishwashers, LVP flooring, in-unit washer/dryer, and fireplaces(wood). Separate electric-meters per unit while water, sewer, and garbage are billed back. Improvements include a newer roof(10yrs ago), gutters & downspouts(5yrs ago), and triple-pane windows (port package). 7-stall parking, full fenced yards w/ patio or deck. With affordable housing demand and rent upside, this low-maintenance investment is a great start or addition to your portfolio. Near I-5, Pac-Hwy/99, Marina Pier and amenities.

21636 29th Avenue S, Des Moines

Listing courtesy of KW Greater Seattle. Selling Office: eXp Realty.

$3,260,000
2448401 MLS ⋅ SOLD Status
23-unit value-add apartment community in the desirable Des Moines Marina District. Built in 1962, the Cliff offers a mix of studio 1 and 2 bedroom units. Livable and cool mid-century layouts with great natural light position the property well for a renovation strategy that enhances tenant appeal and drives income potential. Building features and amenity spaces include a convenient common laundry area on the lower level, large and secure tenant storage lockers and a small office suitable for a property manager or maintenance staff. Priced at $150,000 per unit, the Cliff Apartments present a compelling opportunity to acquire a quality asset offering significant upside in a desirable and thinly traded waterfront community.

21833 7th Avenue S, Des Moines

Listing courtesy of Paragon Real Estate Advisors. Selling Office: DBW Private Brokerage LLC.

$1,030,000
2447388 MLS ⋅ SOLD Status
Prime Des Moines Fourplex offering strong upside! Located near Highline College, I-5, and future light rail, this 4-unit property features large 1,000 SF units with rents estimated to be over 15% below market. This property is surrounded by growing amenities and major employers making this is an excellent opportunity to secure a stable income asset with below market rents in a high demand market with long-term appreciation potential.

24021 25th Avenue S, Des Moines

Listing courtesy of Kidder Mathews. Selling Office: RSVP Brokers ERA.

$1,090,000
2421529 MLS ⋅ SOLD Status
The J & R Apartments is a 6-unit multifamily investment located at 22707 30th Ave S in Des Moines, Washington. Just minutes from I-5, Pacific Highway, and the soon-to-open Kent-Des Moines Light Rail Station, the property is ideally positioned to benefit from growing transit infrastructure and continued renter demand across South King County. Built in 1962, J & R Apartments features a desirable mix of large two-bedroom units, offering residents spacious living areas, full kitchens, and functional layouts. Several units have been updated over the past four years with refreshed flooring, kitchen upgrades, and appliance replacements. Others remain in more classic condition, creating opportunity for value through continued renovations.

22707 S 30th Avenue, Des Moines

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Skyline Properties, Inc..

$1,685,000
2372108 MLS ⋅ SOLD Status
This 11-unit building presents the opportunity to acquire an in-place 6.5% current cap rate with operational up-side to reach a 6.8% proforma cap rate. The Buyer will further have the opportunity to assume the existing loan with an approximate balance of $1,155,000 at a 5% interest rate fixed until January 2031. The Vashon Vue consists of four classic and four renovated 1-bedroom/1-bathroom units, each 620 square feet, along with two classic and one renovated 2-bedroom/1-bathroom units, each 780 square feet. The renovated units feature LVP flooring, formica countertops, stainless steel appliances, and a tasteful vanity package for the bathrooms.

22805 30th Avenue S, Des Moines

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Skyline Properties, Inc..

$1,525,000
2349579 MLS ⋅ SOLD Status
This 4plex fully renovated in 2021, this well kept 4plex is a Prime Investment opportunity. Each one of the 4-unit is a 3 bedroom 2 bath 1 fireplace boasted with updated kitchen with quartz countertop and cabinets, stylish tile floor for easy maintenance and new interior paint. Each unit also featured convenient in-unit washer and dryer, ensuring long-term desirability for renters. New windows and patio doors. With less than 1% vacancy rate and $11,120 in total monthly income, you’ll enjoy a robust positive cash flow net operating income. This property is a solid long-term investment that will allow you to qualify for conventional loan rate instead of commercial rate. Don’t miss out this cash-flow gem, a perfect addition to your portfolio.

21608 30th Avenue S, Des Moines

Listing courtesy of Homeland Real Estate Services. Selling Office: The Preview Group.

$965,000
2323739 MLS ⋅ SOLD Status
Rare investment opportunity in ideal Des Moines location. Four-Plex with townhouse style units. All units are 2 bed, 1.5 bath with 1230sqft. Parking for 8 vehicles and room for RV parking. Close to all amenities. Room to expand foot print for an additional unit (Zoned Rm1800) and create additional income through coin laundry. 5.7 Cap Rate. Please do not disturb tenants. Drive-by only.

21803 30th Avenue S Unit #1-4, Des Moines

Listing courtesy of Realty ONE Group Orca Gold. Selling Office: The Foundation Group LLC.

$1,008,888
2302133 MLS ⋅ SOLD Status
Take advantage of this incredible investment opportunity in a well-maintained and managed 4-plex! Conveniently located near the vibrant International Blvd corridor, this property offers easy access to shops, dining, and services—all within walking distance. Commuting is a breeze with quick access to I-5, public bus routes, and a nearby light rail station. Three units have been recently remodeled with modern updates, including new flooring, quartz countertops, refreshed bathrooms, updated heating systems, fresh paint, and newer appliances. The exterior boasts fresh paint and improved landscaping, adding to the property's curb appeal. The building comes with a Large backyard and side yards, in-unit laundry, and 2 dedicated parking spots/unit.

21615 30th Avenue S, Des Moines

Listing courtesy of Liberty Real Estate, LLC. Selling Office: Liberty Real Estate, LLC.

$2,240,000
2265765 MLS ⋅ SOLD Status
Built in 1967, the Sunwest Apartments is a very well-maintained property that has undergone numerous updates including all new double pane vinyl windows, sliding glass doors, copper plumbing, and interior unit upgrades. The Sunwest Apartments consists of ten large two bedroom one bath units that are clean, spacious, and provide abundant natural light with water views from the top floor units. The property will operate at a 6.07% Cap Rate once the rent increases take effect on November 1st, 2024 with additional rental upside. The location is great for commuters heading to Seattle or the Eastside as the property is located only a half mile from Highway 509 and is only a 2-mile drive to the Angle Lake Light Rail Station.

815 S 219th Street, Des Moines

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Berkshire Hathaway HS NW.

$1,150,000
2260557 MLS ⋅ SOLD Status

23110 30th Avenue S, Des Moines

Listing courtesy of Windermere RE West Campus Inc. Selling Office: CPX LLC.

$1,060,000
2245438 MLS ⋅ SOLD Status
Very convenience location min to I5 , Hwy 99 and Sea-Tac airport. Large 2 beds and 1.5 bath. Townhome style 4-plex with 2 packing spot each unit. W/D in every unit. Low vacancies rate. Roof was replaced on 2021.

21822 30th Avenue S, Des Moines

Listing courtesy of Oasis Properties. Selling Office: Keller Williams Rlty Bellevue.

$1,020,000
2238232 MLS ⋅ SOLD Status
Investor alert! This upgraded Quadplex has lots of upside with the current rents below market value. Each unit is approximately 900sqft with 2 bedrooms and 2 bathroom. They each include a range/stove, refrigerator, and dishwasher. All units feature new quartz countertops, fireplace, vanities. Some units have new LVP flooring & new cabinets. . The complex is in great shape with parking right in front of the building for easy access. Conveniently located next to Major highways and shopping. Please call with any questions.Do not disturb tenants.

24303 27th Avenue S, Des Moines

Listing courtesy of Every Door Real Estate. Selling Office: RE/MAX Alliance.

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