21902 29th Ave South, Des Moines, WA 98198
- $439,000
- 1,250
- SqFt
Listing Broker: Columbia Partners Real Estate; Travis Bain; 253-254-9246; travisalanbain@gmail.com
- List Price
- $439,000
- Status
- ACTIVE
- MLS#
- 2588485
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 1,250
- Area Total SqFt
- 1250
- Annual Tax Ammount
- 6439
- Lot Size (sq ft)
- 7,415
- Sewer
- Sewer Connected
Property Description
Investment opportunity in Des Moines! This duplex offers an excellent opportunity for an investor, contractor, or buyer looking to add value. One side is currently rented, providing existing income. Major exterior improvements are already in place, including a newer roof and new fencing. The property features an exceptionally large, fully fenced backyard with outdoor space for both units, plus covered parking. The vacant unit has been taken down to the studs, creating a head start for the next owner to complete the renovation and select finishes. Conveniently located with access to shopping, transportation, schools, and area amenities. Bring your vision and unlock the potential of this income-producing property. Cash sale only. One unit currently tenant-occupied. Rental information available upon request. Buyer to verify all information to their satisfaction.
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Additional Information
- List Date
- 2026-09-29 18:33:16
- Community
- Des Moines
- Net Operating Income
- $28,968
- Gross Adjusted Income
- $38,190
- Gross Scheduled Income
- $40,200
- Insurance Expenses
- $1,361
- Water/Sewer/Garbage Expenses
- $1,422
- Gross Rent Multiplier
- 10.92
- Total Expenses
- $9,222
- Cap Rate
- 6.6
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 21902
- Potential Terms
- Cash, Rehab Loan
- Year Built
- 1965
- Roof
- Flat
- Energy Source
- Electric
- School District
- Highline
- Gross Scheduled Income
- $40,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $38,190
- Tax Year
- 2026
- Insurance Expense
- $1,361
- W/S/G Expenses
- $1,422
- Total Expenses
- $9,222
- Net Operating Income
- $28,968
- Gross Rent Multiplier
- 10.92
- Cap Rate
- 6.6
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.