24021 25th Avenue S, Des Moines, WA 98198
- $1,030,000
- 4,050
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: RSVP Brokers ERA.
- Sold Price
- $1,030,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 2447388
- Closing Date
- Feb 13, 2026
- Days on Market
- 96
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,050
- Area Total SqFt
- 4050
- Annual Tax Ammount
- 10529
- Lot Size (sq ft)
- 10,575
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2025-11-09 00:00:00
- Community
- Des Moines
- Net Operating Income
- $66,998
- Gross Adjusted Income
- $86,160
- Gross Scheduled Income
- $86,160
- Total Monthly Income
- $7,180
- Insurance Expenses
- $1,795
- Water/Sewer/Garbage Expenses
- $6,560
- Gross Rent Multiplier
- 1219
- Total Expenses
- $19,162
- Cap Rate
- 6.38
- Total Number of Units
- 4
- Unit Name
- 24021
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1967
- View
- Territorial
- Roof
- Composition, Flat, Torch Down
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 278
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $7,180
- Gross Scheduled Income
- $86,160
- Gross Adjusted Income
- $86,160
- Tax Year
- 2025
- Insurance Expense
- $1,795
- W/S/G Expenses
- $6,560
- Total Expenses
- $19,162
- Net Operating Income
- $66,998
- Gross Rent Multiplier
- 1219
- Cap Rate
- 6.38
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.