USAWACarnationCarnation31624 W Rutherford St
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New
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$1,375,000

For Sale

2 days ago

31624 W Rutherford St, Carnation, WA

House

MLS® 2542138

0 Bed

0 Bath

--

12 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $9,192
Days Active 1
Lot Size 0.3478 Acres
Approx. Age 1964
MLS® Number 2542138

Property Address: 31624 W Rutherford St, Carnation, WA, 98014-6011

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a six-unit apartment building in Carnation. Seller financing offered with ~35% down and interest-only payments during the first year, allowing the new owner to maximize cash flow while renovating units, increasing rents, and stabilizing the property before principal payments begin. 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 approximately 40% below projected market rents following renovations, creating exceptional value-add potential. Additional income is generated through the on-site common laundry, and current 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, just minutes from Snoqualmie, with convenient access to SR 520, Microsoft, Redmond, and Bellevue. A compelling opportunity to acquire a value-add multifamily asset with flexible financing, strong upside, and long-term appreciation potential in one of King County's most supply-constrained rental markets.
MLS® Number2542138
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1964
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 25, 2026List Date
$1,375,000List Price
  • Commute

Commute

Starting Address
Destination Address
31624 W Rutherford St, Carnation, WA

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