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JJ & Amy McNeal

team@mcnealhomesandland.com +1(253) 314-9763

Listed by:Keller Williams Rlty Bellevue • Maggie Sun

$ 799,000

Est. payment | -/mo

5 Beds

4.5 Baths

2,650 SqFt

Save Virtual Tour

$ 799,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4.5 Baths

2,650 SqFt

Open House

Sat Jun 20, 11:00am - 1:00pm

Sun Jun 21, 12:00pm - 2:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,650 sqft

Price per Sqft $301

Subdivision Des Moines

MLS Listing ID 2542068

Style 15 - Multi Level

Bedrooms 5

Full Baths 3

Year Built 1959

Annual Tax Amount $8,498

Lot Size 0.316 Acres

Property Sub-Type Single Family Residence

Property Description

Exceptional opportunity for homeowners and investors alike! This versatile 5-bedroom, 4.5-bath property offers strong income potential, flexible living arrangements, and future development possibilities on a generous lot. With separate entrances for both levels, it's ideal for multigenerational living, owner-occupants seeking rental income, or savvy investors. The main level features a gourmet kitchen, spacious living areas, and three generously sized bedrooms with two full bathrooms. The lower level offers multiple income-producing units, each with its own bathroom, while the larger unit includes a full kitchen. Currently partially rented on a month-to-month basis, the property has the potential to generate approximately $6,000 per month in rental income, including about $3,000 from each level. With a projected cap rate approaching 6%, this is a rare investment opportunity in a desirable location. Situated on a large lot surrounded by established single-family homes and attractive new construction, the property offers immediate cash flow and long-term upside. Explore the potential to build your dream home while collecting rental income from the existing residence. Also listed as a duplex, this unique offering provides exceptional flexibility and value. Conveniently located within walking distance to the light rail station, with easy access to shopping, dining, and major employment centers, this is an opportunity you won't want to miss.

Location

State WA

County King

Area 120 - Des Moines/Redondo

Rooms

Basement Finished

Main Level Bedrooms 3

Interior

Interior Features Fireplace

Flooring Laminate, Vinyl, Carpet

Fireplaces Number 2

Fireplaces Type Wood Burning

Fireplace true

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Deck, Dog Run, Fenced-Fully, High Speed Internet

View Y/N Yes

View Mountains, Sound, Territorial

Roof Type Composition

Garage Yes

Building

Lot Description Paved, Sidewalk

Story Multi/Split

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Parkside Primary

Middle Schools Pacific Mid

High Schools Mount Rainier High

School District Highline

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://my.matterport.com/show/?m=dLKb74tCdwi&mls=1

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NEARBY SCHOOLS & PROPERTIES

+1(253) 314-9763

team@mcnealhomesandland.com

16400 Southcenter Pkwy Suite 306, Seattle, WA, 98188

24029 24th AVE S Des Moines, WA 98198