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Woodhaven Apartments 23110 30th Ave S 6 Unit Apartment Building $1,815,000 ($302,500/Unit) 6.36% Cap Rate Des Moines, WA 98198
Executive Summary
Woodhaven Apartments, a 6-unit multifamily asset located in Des Moines, WA, offers investors an attractive, low risk, turn key multifamily investment with modern finishes, stable occupancy, and strong transit oriented upside. Fully renovated in 2024/2025, all six 3 bedroom/1.5 bathroom units (1.135 SF each) feature contemporary upgrades, including vinyl plank floors, new cabinets, counters, appliances, and lighting. In addition, each has in-unit laundry and off-street parking.
Property Facts
| Price | $1,815,000 | Building Class | C |
| Price Per Unit | $302,500 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 7,074 SF |
| Cap Rate | 6.36% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 3.25/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PR-R | ||
| Price | $1,815,000 |
| Price Per Unit | $302,500 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 7,074 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1988 |
| Parking Ratio | 3.25/1,000 SF |
| Zoning | PR-R |
Amenities
Unit Amenities
- Washer/Dryer
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 6 | - | 1,135 |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 250060-0356 | Improvements Assessment | $1,051,400 |
| Land Assessment | $502,600 | Total Assessment | $1,554,000 |
Property Taxes
Parcel Number
250060-0356
Land Assessment
$502,600
Improvements Assessment
$1,051,400
Total Assessment
$1,554,000
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Woodhaven Apartments | 23110 30th Ave S
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