Des Moines, WA Residential income properties for sale

Updated: Jun 19, 2024

Mixed-Use Development Opportunity

22725 Pacific Hwy S, Des Moines, WA 98198

$1,995,000

46,609 sqft

Seller financing available.
Completed drawings for a 166‑unit apartment building and 4,200 sq ft retail space are available.
EB‑5 eligible project.
Great location for mixed‑use development.
Close proximity to upcoming Kent Des Moines Light Rail Station.

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Updated: Aug 16, 2025

Des Moines Multifamily Investment Opportunity

22707 30th Ave S, Des Moines, WA 98198

$1,100,000

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.
Opportunity for value‑add through interior renovations.
Updated units with refreshed flooring, kitchen upgrades, and appliance replacements.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 2 Active listings in Des Moines, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Vashon Vue Apartments Opportunity

Seattle, WA 98198

$1,725,000

7,300 sqft

11-unit apartment building with in-place 6.5% cap rate.

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First Hill High-Rise Development Site

815 9th Avenue #3 & 6, Seattle, Seattle, WA 98104

$8,200,000

0.25 AC lot

High-rise development site in First Hill with approved MUP.

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Kent Land with Development Potential

23810 30th Ave S, Kent, WA 98032

Contact for pricing

1 sqft 1.00 AC lot

Land suitable for mixed-use development near Light Rail Station.

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Mobile Home Park with Development Potential

23810 30th Ave S, Kent, WA 98032

Contact for pricing

20 single-wide mobile home units on month-to-month leases, with easement access to the back for development flexibility.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Spacious Lot in Prime Renton

3106 Talbot Road S, Renton, WA 98055

Contact for pricing

0.75 AC lot

Shy-acre lot ready for your dream home.

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Ready-to-Build Lot in Renton

10814 Southeast 173rd Street, Renton, WA 98055

$330,000

Level lot ready for dream home with ADU potential.

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Residential Land For Quick Closing

12149 Des Moines Memorial Drive S Seattle 98168, Seattle, WA 98168

Contact for pricing

Residential land available for quick closing with development potential.

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Kent WA Land Investment Opportunity

23110 132nd Ave SE, Kent, WA 98042

Contact for pricing

0.45 AC lot

0.45-acre raw land parcel in Kent, WA for sale.

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Off-Market Properties in Des Moines, WA

Consider similar Off-Market properties in Des Moines, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

22015 8th S Ave, Des Moines, WA 98198-6387

$545,000

Estimated value

3,200 sqft 0.18 AC lot

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Multifamily properties

22805 30Th Ave, Des Moines, WA 98198

Value Estimation by Request

7,300 sqft

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Multifamily properties

0 Des Moines Land, Des Moines, WA 98198

Value Estimation by Request

9,069 sqft

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Land

26915 Pacific Hwy, Des Moines, WA 98198

Value Estimation by Request

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Multifamily properties

22707 30Th Ave, Des Moines, WA 98198

Value Estimation by Request

4,852 sqft 0.37 AC lot

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Des Moines, WA Residential Income Properties Market Trends and Statistics

Explore 7 residential income properties for sale in Des Moines, WA on our real estate platform. These investment opportunities span a total of 46,609 square feet of properties for sale, with an estimated market value of $3,095,000.

Sale prices for residential income properties in Des Moines, WA start at $1,100,000, averaging $1,547,500, and reaching up to $1,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
Seattle - 98198	$1.5M

Neighborhood

Average Price

Seattle - 98198

$1.5M