21623 30th Avenue S, Des Moines, WA 98198

$798,500
3,600
SqFt

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Listing courtesy of Skyline Properties, Inc..

List Price
$798,500
Status
ACTIVE
MLS#
2551473
Days on Market
6
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,600
Area Total SqFt
3600
Annual Tax Ammount
9128
Lot Size (sq ft)
6,704
Sewer
Sewer Connected

Property Description

Rare 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.

Additional Information

List Date
2026-07-20 19:13:11
Community
Highline
Net Operating Income
$35,936
Gross Adjusted Income
$55,200
Gross Scheduled Income
$55,200
Total Monthly Income
$4,675
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$7,374
Gross Rent Multiplier
14.95
Total Expenses
$19,262
Cap Rate
4.36
Total Number of Units
4
Unit Name
21623
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1978
View
Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet
Electric Expenses
360
Other Expenses
600
Energy Source
Electric
School District
Highline
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,675
Gross Scheduled Income
$55,200
Gross Adjusted Income
$55,200
Tax Year
2025
Insurance Expense
$1,800
W/S/G Expenses
$7,374
Total Expenses
$19,262
Net Operating Income
$35,936
Gross Rent Multiplier
14.95
Cap Rate
4.36
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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