Income producing, fully occupied 4-plex with below market rents. Awesome value-add opportunity for a savvy investor looking to acquire a great asset in a sought-after location, right across from Highline college! Property includes four spacious 2-bed/1-bath units with in-unit washer/dryer, dishwashers and private parking on the lot. Upstairs units offer partial views of the Puget Sound. Long term tenants pay their own electricity and a monthly flat fee for WSG. Large 11,900sqft lot and RM-2400 zoning may provide additional development potential (buyer to verify). Conveniently located near the future Des Moines light rail station, freeways, and more! This is the investment you’ve been searching for!
Sold
Listed by:
Aaron Nelson,
Skyline Properties, Inc.
Bought with: Realty One Group Imagine
$950,000
24022 25th Street S, Des Moines, WA 98198
--beds
--baths
4,050sqft
Quadruplex
Built in 1967
-- sqft lot
$1,037,200 Zestimate®
$235/sqft
$2,567 Estimated rent
Home value
$1,037,200
$954,000 - $1.13M
$2,567/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:46am
Listed by:
Aaron Nelson,
Skyline Properties, Inc.
Bought with:
Adisu Fanta, 115161
Realty One Group Imagine
Source: NWMLS,MLS#: 2061001
Facts & features
Interior
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 4,050
- Total interior livable area: 4,050 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Uncovered spaces: 10
Features
- Patio & porch: Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.27 Acres
- Features: Paved, Cable TV, Deck
Details
- Parcel number: 3600600395
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stone, Wood Siding
- Foundation: Poured Concrete
- Roof: Torch Down
Condition
- Year built: 1967
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Midway Sewer District
- Water: Public, Company: City of Des Moines
Green energy
- Energy efficient items: Thermal Windows
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Highline
Other
Other facts
- Listing terms: Cash Out,Conventional,VA Loan
- Cumulative days on market: 707 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Listing removed | $1,900 |
Source: Zillow Rentals Report a problem | ||
| 1/16/2026 | Price change | $1,900-2.6% |
Source: Zillow Rentals Report a problem | ||
| 12/18/2025 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 9/8/2025 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 8/20/2025 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,535 -1.9% | $887,000 +2% |
| 2023 | $10,743 +5.9% | $870,000 -1.9% |
| 2022 | $10,142 +0.7% | $887,000 +14.3% |
Find assessor info on the county website
Neighborhood: South Des Moines
Nearby schools
GreatSchools rating
- 4/10Parkside Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Pacific Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Mount Rainier High SchoolGrades: 9-12Distance: 1 mi
Get a cash offer in 3 minutes
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Estimated market value$1,037,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,037,200