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Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

Smith Orman Add - 2916 S 220th Street

Des Moines, WA 98198

– beds
– baths
1,350 sqft
7,418 sqft lot
$422 per sqft
1965 build

Excellent investment opportunity with a solid 5.9% CAP rate and $3500 in monthly rental income with room for future growth in Unit 2916. This corner lot rambler duplex on a PRC-zoned lot offers views of Puget Sound, quick access to I-5 and Hwy 99, nearby amenities and is just a block from new developments. Ideal for living in one unit while renting out the other or leasing both, this property offers the flexibility & strong returns. Both units are currently occupied with leases expiring by 7/25. Each unit featuring spacious beyond its SF, 2 beds, 1 bath, living/dining areas, W/D, private fenced yards, storage closets, soundproof windows, membrane roof & remodeled in 2020 & separate entrances. 8 parking spaces. DO NOT CONTACT TENANTS!

Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# 2308204 —

The Building

Year Built:

1965
New Construction:

false
Building Name:

Smith Orman Add
Structure Type:

Duplex
Exterior Features:

Wood
Roof:

See Remarks
Units In Building Total:

2
Foundation Details:

Poured Concrete
# of Units Total:

2
Stories Total:

1
Building Area Total:

1350
Building Area Units:

Square Feet
Calculated SqFt:

1350
SqFt Source:

Realist

Interior

Interior Features:

Laminate Hardwood
Flooring:

Laminate, Vinyl
Fireplace:

false

Financial & Terms

Possession:

Closing, Tenant's Rights

Location

Latitude:

47.404697
Longitude:

-122.295634
Directions:

From Pacific Hwy S (99), head east on 220th St. Property on left side.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Good
Parcel Number:

782720090
Lot Number:

9
Lot Features:

Corner Lot, Dead End Street, Paved
Lot Size Units:

Square Feet
Lot Size Acres:

0.1703
Lot Size SqFt:

7418
Lot Size Source:

Realist
Zoning Class:

Commercial,Multi-Family,Residential
Zoning Jurisdiction:

City
View:

Mountain(s), Partial
View:

true
Waterfront:

false
Possible Use:

Commercial, Multi-Family, Residential
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5453

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard, Wall Unit(s)

Utilities

Water Company:

Highline
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

Midway
Power Company:

Pse

Schools

High School District:

Highline

The Community

Subdivision Name:

Des Moines
Senior Community:

false
Association:

false

Parking

Parking Total:

8
Parking Uncovered Spaces:

8
Parking Features:

RV Parking
Open Parking:

true
Open Parking Spaces:

8
Carport:

false

Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Fri Nov 15 2024 03:44 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
11/5/24 Nov 5, 2024	Listed / Active	NWMLS	$569,950	40.0% (10.1% / YR)
11/23/20 Nov 23, 2020		NWMLS	$407,000	-2.5%
11/9/20 Nov 9, 2020		NWMLS	$417,500	-0.6%

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This multifamily located in Pacific Ridge, Des Moines, WA 98198 is currently for sale for $569,950. Smith Orman Add - 2916 S 220th Street is a 1,350 square foot multifamily with – beds and – baths. Smith Orman Add - 2916 S 220th Street is in the Pacific Ridge neighborhood of Des Moines and has a WalkScore® of 49, making it car-dependent. This multifamily is in the attendance area of Midway Elementary School, Mount Rainier High School, Pacific Middle School, and Maritime High School.

Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

Disclaimer: The information contained in this listing has not been verified by Homes & Equity Real Estate Grp and should be verified by the buyer.