22707 S 30th Avenue, Des Moines, WA 98198
- $1,090,000
- 4,775
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,090,000
- List Price
- $1,100,000
- Status
- SOLD
- MLS#
- 2421529
- Closing Date
- Nov 14, 2025
- Days on Market
- 41
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,775
- Area Total SqFt
- 4775
- Annual Tax Ammount
- 14310
- Lot Size (sq ft)
- 16,000
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2025-10-04 00:00:00
- Community
- Des Moines
- Net Operating Income
- $60,297
- Gross Adjusted Income
- $106,932
- Gross Scheduled Income
- $112,560
- Total Monthly Income
- $9,515
- Insurance Expenses
- $8,263
- Water/Sewer/Garbage Expenses
- $8,100
- Gross Rent Multiplier
- 9.77
- Total Expenses
- $48,260
- Cap Rate
- 5.5
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 22707
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1962
- Roof
- Flat
- Other Expenses
- 17587
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $9,515
- Gross Scheduled Income
- $112,560
- Vacancy Rate
- 5
- Gross Adjusted Income
- $106,932
- Tax Year
- 2025
- Insurance Expense
- $8,263
- W/S/G Expenses
- $8,100
- Total Expenses
- $48,260
- Net Operating Income
- $60,297
- Gross Rent Multiplier
- 9.77
- Cap Rate
- 5.5
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.