Active · Residential Income

31624 W Rutherford Street , Carnation, WA 98014

Carnation, WA 98014

$1,299,900

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Real Broker LLC · MLS #2580823 · Active

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About this property

RARE OPPORTUNITY TO ACQUIRE A SIX-UNIT APARTMENT BUILDING IN DOWNTOWN CARNATION. SELLER FINANCING OFFERED. Situated on a 15,152 SF corner lot with R-24 zoning, the property offers future expansion or redevelopment potential (buyer to verify), adding long-term value beyond the existing improvements. Unit mix consists of (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility for future improvements and repositioning. CURRENT RENTS ARE WELL BELOW PROJECTED MARKET RENTS FOLLOWING RENOVATIONS, creating significant value-add potential. Additional income is generated through on-site common laundry, and tenants reimburse the owner for utilities, helping offset operating expenses. Additional features include ample parking, a roof with substantial remaining useful life, and recently replaced upper decks. Ideally located in downtown Carnation, minutes from Snoqualmie with convenient access to SR 520, Redmond, Bellevue, and Microsoft. A COMPELLING VALUE-ADD MULTIFAMILY OPPORTUNITY WITH FLEXIBLE SELLER FINANCING, STRONG RENTAL UPSIDE, AND LONG-TERM REDEVELOPMENT POTENTIAL IN ONE OF KING COUNTY’S MOST SUPPLY-CONSTRAINED RENTAL MARKETS.

Property details

Property type: Multi Family
Year built: 1964
Lot size: 15,152 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $9,192 (2026)
Parking spaces: 12
School district: Riverview

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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