22506 7th Avenue South
Des Moines, WA 98198
$2,100,000
Price
12
Beds
13
Baths
6,030 Sq. Ft.
$348 / Sq. Ft.
6,030
Sq. Ft.
$348
per Sq. Ft.
Listing provided courtesy of Paragon Real Estate Advisors
Description
Built in 1939 in a charming Spanish architectural style, the Vista Del Mar is prominently positioned on a 15,000 SqFt corner lot just blocks from water right in the heart of the Des Moines Marina District. The property consists of two buildings with a mix of efficient studio, one-bedroom and two-bedroom apartments. Common area amenities include off-street parking with 12+ stalls, an outdoor seating/gathering space and a common laundry room. The property also has a large garage space that is being...Built in 1939 in a charming Spanish architectural style, the Vista Del Mar is prominently positioned on a 15,000 SqFt corner lot just blocks from water right in the heart of the Des Moines Marina District. The property consists of two buildings with a mix of efficient studio, one-bedroom and two-bedroom apartments. Common area amenities include off-street parking with 12+ stalls, an outdoor seating/gathering space and a common laundry room. The property also has a large garage space that is being used as a workshop and extra storage space currently. The property offers significant income upside in the current condition and value-add opportunity through renovation and repurposing of the underutilized space.
- Listed by Ryan Iles • Paragon Real Estate Advisors
Property Details for 22506 7th Avenue South
Community Name
Des Moines Waterfront
School DistrictHighline
Number of Assigned Spaces12
Total Covered Parking0
Entry Date10-09-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:26 PM
Property Details for 22506 7th Avenue South
| Status | Active |
|---|---|
| MLS # | 2299840 |
| Days on Market | 82 |
| Cumulative Days on Market | 82 |
| Taxes | $22,127 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1939 |
| Lot Size | 0.34 AC / 15,000 SF |
| County | King County |
Building Information for 22506 7th Avenue South
Stories2Residences13Year Built1939Building Size-Lot Size0.34 AC / 15,000 SF
Property Information for 22506 7th Avenue South
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 120 - Des Moines/Redondo
- Directions: From Downtown Seattle, merge onto Hwy 99 S/WA-99 S. Follow WA-509 S to Des Moines Memorial Dr in SeaTac. Take the exit toward Des Moines/S 188th St from WA-509 S.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 12.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Stucco, Wood
- Roof: Flat, Tile
Property
Utilities
- Water/Sewer/Garbage: 18546
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 32
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 2006600360
- Calculated Square Footage: 6030
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6030.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 12
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 13
- Units Below Grade: false
- Units In Building Total: 13
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 71588
- Gross Adjusted Income: 167637
- Gross Rent Multiplier: 11.9
- Gross Scheduled Income: $176,460
- Insurance Expense: $4,430
- Net Operating Income: $96,049
- Other Expenses: $26,485
- Total Monthly Income: 14705
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 625
- Rent Unit 1: $1,395.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 375
- Rent Unit 2: $995.00
- Bedrooms Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Square Feet Unit 3: 375
- Rent Unit 3: $550.00
- Bedrooms Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Square Feet Unit 4: 375
- Rent Unit 4: $725.00
- Bedrooms Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Square Feet Unit 5: 625
- Rent Unit 5: $1,395.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Square Feet Unit 6: 625
- Rent Unit 6: $1,595.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Square Feet Unit 7: 450
- Rent Unit 7: $1,070.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Square Feet Unit 8: 450
- Rent Unit 8: $1,125.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Square Feet Unit 9: 450
- Rent Unit 9: $1,200.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 10
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Square Feet Unit 10: 450
- Rent Unit 10: $1,150.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 11
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Square Feet Unit 11: 375
- Rent Unit 11: $700.00
- Bedrooms Unit 11: 0
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 12
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Square Feet Unit 12: 625
- Rent Unit 12: $1,495.00
- Bedrooms Unit 12: 2
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 13
- Range/Oven Unit 13: true
- Refrigerator Unit 13: true
- Square Feet Unit 13: 375
- Rent Unit 13: $1,050.00
- Bedrooms Unit 13: 0
- Bathrooms Unit 13: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6030.0
- Leasable Area Units: Square Feet
Property History for 22506 7th Avenue South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 22506 7th Avenue South
Taxable ValueLand$345,000Additions$1,482,000Total$1,827,000
Tax Record2022$20,900 ($1,742 / month)
Home Facts
Total Finished SqFt6,019 SqFtAbove Ground SqFt6,019 SqFtStories2Lot Size15,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1939Year Renovated1990ZoningD-CCountyKINGAPN200660-0360
Schools near 22506 7th Avenue South
This home is within Highline School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Des Moines Elementary School PublicPK to 5 | ||
Pacific Middle School Public6 to 8 | ||
Mount Rainier High School Public9 to 12 | ||
Maritime High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Paragon Real Estate Advisors
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
