Property Details
22226 6th Avenue S #101
Des Moines, WA 98198
$475,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 13
Property Overview
Amazing location for this Street-front retail condo ideally situated within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condos above the street front retail with ample curbside parking for customers and residents. The well maintained Pier View Condominium Complex was built in 2002 with a private lobby, elevator and outside gated stair access. This unit features 4 offices, 1 reception area, 1 mudroom with sink and mini fridge, and a handicap accessible restroom. This condo is fully leased with 7 years left on a 10-year lease with annual 3% rent increases beyond the 2023 base year. Tenant pays all expenses including HOA increases and property taxes above the Base year. Located South and East of the Des Moines Park Conservation Area and within very close proximity to the Des Moines Marina.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
King
Neighborhood
Des Moines Waterfront
Listed
May 28, 2026
Parcel Number
6777200010
Tax & HOA
Annual Property Tax
$3,758 (2025)
Est. Monthly Tax
$313/mo
HOA Fee
$299/monthly
Financial Summary
Cap Rate
5.60%
Net Operating Income
$26,455
Gross Scheduled Income
$32,580
Building & Use
Total Units
1
Year Built
2002
Exterior & Lot
Lot Size
0.34 sqft
Year Built
2002
Exterior Materials
Cement, Stucco
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement/Concrete, Stucco
Community & Access
Directions
GPS
Location
City
Des Moines
County
King
Coordinates
47.40209, -122.32692
Additional Information
Tax Year
2025
Annual Taxes
$3,758
Possession
Array
Based on information submitted to the MLS GRID as of June 11, 2026 7:15 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
