Des Moines Multifamily Investment
For Sale
$1,100,000
Pending
22707 30th Ave S, Des Moines, WA 98198
6-unit apartment building near future light rail station.
Property SizeContact for details
Days on Market393
Property Features for 22707 30th Ave S
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1962
Listing Agency:
PARAGON REAL ESTATE ADVISORS
Listed By:
TANNER FOGLE
Source:
Corcoran
Added: Aug 16, 2025
Changed: Jul 6
Last Checked: Sep 11 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PARAGON REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
J R Apartments is a 6-unit multifamily property located in Des Moines, Washington. Constructed in 1962, the property features two-bedroom units with spacious living areas, full kitchens, and functional layouts. Located minutes from I-5, Pacific Highway, and the upcoming Kent-Des Moines Light Rail Station, the property benefits from transit infrastructure and renter demand in South King County. Several units have been updated in the past four years with flooring, kitchen upgrades, and appliance replacements, while others remain in classic condition, creating an opportunity for value through interior renovations.
Key Highlights
- Proximity to the soon‑to‑open Kent‑Des Moines Light Rail Station.
- Convenient access to I‑5 and Pacific Highway.
- Mix of large two‑bedroom units.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
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Business Placement
Demographics for 98198, WA
38,727
Population
15,267
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
7.7 sq mi
ZIP Area
5,029
Density / Sq Mi
$83,938
Median Household Income
$48,776
Median Earnings
$1,770
Median Rent
$527,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 6-unit apartment building near future light rail station.
Where is this apartment building located?
The property is located at 22707 30th Ave S Des Moines, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Proximity to the soon‑to‑open Kent‑Des Moines Light Rail Station.; Convenient access to I‑5 and Pacific Highway.; Mix of large two‑bedroom units.
