This 11-unit building presents the opportunity to acquire an in-place 6.5% current cap rate with operational up-side to reach a 6.8% proforma cap rate. The Buyer will further have the opportunity to assume the existing loan with an approximate balance of $1,155,000 at a 5% interest rate fixed until January 2031. The Vashon Vue consists of four classic and four renovated 1-bedroom/1-bathroom units, each 620 square feet, along with two classic and one renovated 2-bedroom/1-bathroom units, each 780 square feet. The renovated units feature LVP flooring, formica countertops, stainless steel appliances, and a tasteful vanity package for the bathrooms.
Sold
Listed by: Paragon Real Estate Advisors • Michael Urquhart
Bought with: Skyline Properties, Inc.
$1,685,000
22805 30th Avenue S, Des Moines, WA 98198
--beds
--baths
7,300sqft
Multi Family
Built in 1968
-- sqft lot
$1,614,100 Zestimate®
$231/sqft
$2,054 Estimated rent
Home value
$1,614,100
$1.48M - $1.76M
$2,054/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Michael Urquhart,
Paragon Real Estate Advisors,
Brian D. Platt,
Paragon Real Estate Advisors
Bought with:
Michael Fladseth, 125802
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2372108
Facts & features
Interior
Heating
- Radiant, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 7,300
- Total interior livable area: 7,300 sqft
Property
Parking
- Total spaces: 13
- Parking features: Open
- Uncovered spaces: 13
Lot
- Size: 0.39 Acres
Details
- Parcel number: 2500600198
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Roof: Flat
Condition
- Year built: 1968
- Major remodel year: 2001
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Des Moines
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $231/sqft
- Annual tax amount: $21,617
- Date on market: 6/28/2025
- Cumulative days on market: 272 days
- Listing terms: Assumable,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2025 | Sold | $1,685,000-2.3%$231/sqft |
Source:  NWMLS as distributed by MLS GRID #2372108 Report a problem | ||
| 5/19/2025 | Pending sale | $1,725,000$236/sqft |
Source: NWMLS as distributed by MLS GRID #2372108 Report a problem | ||
| 5/8/2025 | Listed for sale | $1,725,000$236/sqft |
Source: NWMLS as distributed by MLS GRID #2372108 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Pacific Ridge
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Nearby schools
GreatSchools rating
- 3/10Midway Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Pacific Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Mount Rainier High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$1,614,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,614,100
- Washington
- King County
- Des Moines
- 98198
- Pacific Ridge
- 22805 30th Avenue S
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