21636 29th Avenue S, Des Moines, WA 98198
- $1,095,000
- 3,730
- SqFt
Listing courtesy of KW Greater Seattle. Selling Office: eXp Realty.
- Sold Price
- $1,095,000
- List Price
- $1,095,000
- Status
- SOLD
- MLS#
- 2468235
- Closing Date
- Feb 19, 2026
- Days on Market
- 7
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,730
- Area Total SqFt
- 3730
- Annual Tax Ammount
- 10191
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 8,550
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-02-12 00:00:00
- Community
- Des Moines
- Net Operating Income
- $75,942
- Gross Adjusted Income
- $95,280
- Gross Scheduled Income
- $95,280
- Total Monthly Income
- $7,940
- Insurance Expenses
- $3,133
- Water/Sewer/Garbage Expenses
- $4,849
- Gross Rent Multiplier
- 11
- Total Expenses
- $19,338
- Cap Rate
- 6.9
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 21636
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1976
- View
- Bay, Mountains, Sound, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 149
- Other Expenses
- 1016
- Energy Source
- Electric
- School District
- Highline
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,940
- Gross Scheduled Income
- $95,280
- Vacancy Rate
- 5
- Gross Adjusted Income
- $95,280
- Tax Year
- 2025
- Insurance Expense
- $3,133
- W/S/G Expenses
- $4,849
- Total Expenses
- $19,338
- Net Operating Income
- $75,942
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.9
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.