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$798,500
2551473 MLS ⋅ PENDING - BACKUP OFFER REQUESTED 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..

$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.

$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.

$1,525,000
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.

$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.

$1,000,000
2145544 MLS ⋅ SOLD Status
This fully occupied Des Moines 4-plex has easy access to I-5 and local employers - Seatac Airport, FAA, Alaska Airlines, etc. This property is stabilized with quality long-term tenants who consistently pay rent and is great for investors seeking consistent cash flow with low stress tenants and minimal expenses. The units were updated in the past 5-7 years and have desirable layouts with large living areas, a washer/dryer in unit, 1-1/2 baths, a kitchen w/ eating area, backyard patio access & balconies on the 2nd floor. Upstairs offers 2 bedrooms - 1 w/ a private balcony and full bath. There also exists potential for rent increases for the value-add-minded investor with limited investment into cosmetic improvements in & around the property.

21831 30th Avenue S, Des Moines

Listing courtesy of ACRES Real Estate LLC. Selling Office: COMPASS.

$871,500
2130903 MLS ⋅ SOLD Status
Wonderful 4plex in a convenient location with an outstanding mix of 2 2-bed/1 bath units and 2 1-bed/1 bath units. This building is well-maintained with consistent updates. Market rents push $1,700 for the 2-bed and $1,525 for the 1-bed units ($6,500 a month)! Coin-op laundry for added income. Rents are below market due to long-term tenants giving this value add potential by raising rents, instituting RUBS, and continuing to improve the units. Close to the upcoming Des Moines light rail expansion stop. Development is happening quickly and will rapidly increase property values and rents! NEW TPO ROOF as of September 2023!

21914 29th Avenue S, Des Moines

Listing courtesy of AgencyOne. Selling Office: eXp Realty.

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.
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