About this home

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.

Interior features

Exterior features

Appliances

Schools

Property details

Heating

Baseboard, Wall Furnace

Cooling

None

Flooring

Laminate, Vinyl, Carpet

Parking

Detached Carport, Driveway, Attached Garage, Off Street

View

Mountains, Sound, Territorial

Lot

Paved, Sidewalk

Water source

Public

Sewer

Sewer Connected

Levels

Multi/Split

Fireplaces

2

Costs

Price / sq ft

$286

Annual taxes

$8,499 (2026)

Location

Des Moines, WA 98198