21833 7th Avenue S Des Moines, WA $ 3,450,000
21833 7th Avenue S
$ 3,450,000
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21833 7th Avenue S

Des Moines, WA, 98198
$ 3,450,000
Baths0.0 Sq 16,100

Monthly Estimate*

$ 21,524

Listed by Paragon Real Estate Advisors
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Studio

Multi-Family Home for sale in Des Moines, WA

for $3,450,000. This 16,100 square foot home was built in 1962 on a lot size of 1.0514.

23-unit value-add apartment community in the desirable Des Moines Marina District. Built in 1962, the Cliff offers a mix of studio 1 and 2 bedroom units. Livable and cool mid-century layouts with great natural light position the property well for a renovation strategy that enhances tenant appeal and drives income potential. Building features and amenity spaces include a convenient common laundry area on the lower level, large and secure tenant storage lockers and a small office suitable for a property manager or maintenance staff. Priced at $150,000 per unit, the Cliff Apartments present a compelling opportunity to acquire a quality asset offering significant upside in a desirable and thinly traded waterfront community.

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Multi-Family Pending

Price

$ 3,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 45,704

Style

10+ Units

Lot Size

1.0514

Year Built

1962

Town/City

Des Moines

County/Region

King

MLS | Web ID

2448401

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing See Remarks
Roof Composition
HOA Fee 0
Year Built 1962
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 162698
Insurance Expense 23000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Des Moines
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Feasibility
Directions From SR 509 S exit left to merge onto Des Moines Memorial Dr. Right to stay on Des Moines Mem Dr. Left on S 216th. Right on 7th ave S.
City Des Moines
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Open Parking Spaces 14
Number Of Units Total 23
MLS Area 120 - Des Moines/Redondo
Lot Size Units Square Feet
Lot Size Square Feet 45800
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 45704
Electric Expense 0
Fuel Expense 0
Public Remarks 23-unit value-add apartment community in the desirable Des Moines Marina District. Built in 1962 the Cliff offers a mix of studio 1 and 2 bedroom units. Livable and cool mid-century layouts with grea
Leasable Area 16100
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Units Below Grade false
Units In Building Total 23
Water Sewer Garbage 32146
Property Style 56 - 10+ Units
Cap Rate 4.72
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Exterior
Exterior Amenities Brick Wood Products
Total Parking 14
Foundation Details Poured Concrete
Building Area Total 16100
Lot Size Acres 1.0514
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 14
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2448401
Street Number 1 21833
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* Excluded Features
List By
Ryan Iles

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$25,332
Per Month
85%
15%
0%
Monthly Principal & Interest
$21,524
Monthly Property Taxes
$3,809
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/27/2025$3,450,000 Listed Price

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21833 7th Avenue S, Des Moines, WA, 98198 is a Multi-Family Home for sale at $3,450,000 with 16,100 sqft and a lot size of 1.0514. 21833 7th Avenue S is a studio with 0.0 baths and was built in 1962. The property's zip code is 98198 which is in Des Moines, WA