Listed by Paragon Real Estate Advisors
$3,450,000
PENDING

21833 7th Ave S Des Moines, WA 98198

Central Des Moines Neighborhood

Estimated payment $21,957/month

Total Views 3,173
26 Beds
23 Baths
16,100 Sq Ft
$214 Price per Sq Ft

Highlights

  • 1.05 Acre Lot
  • Baseboard Heating
  • Carpet
  • No HOA

About This Home

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.

Listing Agent

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 10/27/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2448401

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $45,704

Year Built

  • Built in 1962

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 16,100 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 23 Bathrooms

Parking

  • 14 Parking Spaces
  • Open Parking

Additional Features

  • 1.05 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2009001949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$45,704

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • MLS Status: Pending Feasibility
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 16100
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 26
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Wood
  • Exterior Features: Brick, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 14

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2009001949
  • Lot Size Acres: 1.0514
  • Lot Size Sq Ft: 45800
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.12
  • LeasedItems: None
  • TotalMonthlyIncome: 28398

Tax Info

  • Year: 2025
  • Tax Annual Amount: 45704

Multi Family

  • Number Of Units Total: 23
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2025 11/25/25 Pending -- -- --
10/27/2025 10/27/25 For Sale $3,450,000 -- $214 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2448401

Northwest Multiple Listing Service (NWMLS)
Washington King County Des Moines 98198 Central Des Moines

21833 7th Ave S, Des Moines, WA

Pending

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Ryan Iles
Listing Agent
Ryan Iles
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Paragon Real Estate Advisors
(206) 203-7690