10033 Des Moines Memorial Drive S, Seattle, WA 98168
- $799,950
- 2,450
- SqFt
Listing courtesy of John L. Scott, Inc.
- List Price
- $799,950
- Status
- ACTIVE
- MLS#
- 2527876
- Price Change
- ▼ $50,000 1784945256
- Days on Market
- 62
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,450
- Area Total SqFt
- 2450
- Annual Tax Ammount
- 7933.94
- Lot Size (sq ft)
- 7,667
- Sewer
- Sewer Connected
Property Description
Exceptional fully rented triplex offering immediate rental income and long-term investment potential with zoning for up to 4 units. This income-generating property has a strong rental history with reliable tenants and low vacancy, making it a smart addition to any investment portfolio. The versatile floorplan includes a spacious upper 3-bedroom, 2-bath unit along with two lower-level units, creating multiple streams of income and future owner-occupant flexibility. Each unit features its own washer and dryer for added tenant convenience. Significant updates include a newer roof installed in 2018 and a new sewer line completed in 2021. The property also offers abundant off-street parking, a valuable feature for tenants and guests alike. Ideally situated near I-5, Hwy 99, downtown Seattle, SODO, Burien, and Sea-Tac Airport, this location provides quick access to major job centers, public transportation, shopping, dining, and everyday amenities. With continued growth and rental demand throughout the Seattle area, this turnkey multifamily property combines stable cash flow, strong location appeal, and future development possibilities in one compelling investment opportunity.
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Additional Information
- List Date
- 2026-05-27 21:03:33
- Community
- Boulevard Park
- Net Operating Income
- $52,766
- Gross Adjusted Income
- $67,830
- Gross Scheduled Income
- $71,400
- Total Monthly Income
- $5,950
- Insurance Expenses
- $4,364
- Water/Sewer/Garbage Expenses
- $2,380
- Gross Rent Multiplier
- 12.53
- Total Expenses
- $15,063
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 10033
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1920
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Highline
- Total Monthly Income
- $5,950
- Gross Scheduled Income
- $71,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $67,830
- Tax Year
- 2025
- Insurance Expense
- $4,364
- W/S/G Expenses
- $2,380
- Total Expenses
- $15,063
- Net Operating Income
- $52,766
- Gross Rent Multiplier
- 12.53
- Cap Rate
- 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.