21608 30th Avenue S, Des Moines, WA 98198
- $1,525,000
- 4,452
- SqFt
Listing courtesy of Homeland Real Estate Services. Selling Office: The Preview Group.
- Sold Price
- $1,525,000
- List Price
- $1,600,000
- Status
- SOLD
- MLS#
- 2349579
- Closing Date
- Oct 30, 2025
- Days on Market
- 197
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 4,452
- Area Total SqFt
- 4452
- Annual Tax Ammount
- 11908.18
- Internet Provider
- If subcribe
- Lot Size (sq ft)
- 9,690
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2025-04-16 00:00:00
- Community
- Des Moines
- Net Operating Income
- $107,177
- Gross Adjusted Income
- $133,440
- Gross Scheduled Income
- $133,440
- Total Monthly Income
- $11,120
- Insurance Expenses
- $3,933
- Water/Sewer/Garbage Expenses
- $9,700
- Gross Rent Multiplier
- 11.99
- Total Expenses
- $26,262
- Cap Rate
- 6.69
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 21608
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1988
- Roof
- Composition
- Other Expenses
- 720
- Energy Source
- Electric
- School District
- Highline
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $11,120
- Gross Scheduled Income
- $133,440
- Vacancy Rate
- 1
- Gross Adjusted Income
- $133,440
- Tax Year
- 2025
- Insurance Expense
- $3,933
- W/S/G Expenses
- $9,700
- Total Expenses
- $26,262
- Net Operating Income
- $107,177
- Gross Rent Multiplier
- 11.99
- Cap Rate
- 6.69
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.