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Listed by: Charles Burnett (206) 931-6036 | Real Broker LLC (855) 450-0442
$1,299,900
Monthly Est:$6,470
9 Beds
6 Baths
3,936sqft
31624 W Rutherford St, Carnation, WA 98014
$1,299,900
$6,470/moEst:
Get Pre-Approved
Multi Family
Built in 1964
$-- HOA
15,152 sqft lot
$330/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 25, 2026 at 1:15 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2580823
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1964
HOA Fees
-
Finished Area
3,936 sqft
Lot Size
15,152 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2580823
MLS Status
Active
Days on Market
23
Cumulative Days on Market
311
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 6
Interior
Heating
Baseboard
Cooling
None
Sewer
Sewer Connected
Exterior Features
Wood
Flooring
Vinyl, Carpet
Construction
Year Built
Year Built: 1964
Home type
Multi Family
Property Condition
Average
Construction Materials
Wood
Roof
Torch Down
Foundation Details
Poured Concrete
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Carnation
Lot Features
Corner Lot
Price History
| Date | Event | Price |
|---|---|---|
09/11/2026 Source: | Listed for Sale | $1,299,900 -5.46% $330/sqft |
09/10/2026 Source: | Listing Removed | $1,375,000 $349/sqft |
06/26/2026 Source: | Listed for Sale | $1,375,000 $349/sqft |
Find Homes by Property Features in Carnation, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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