$1,375,000
Est. $7,105/mo31624 W Rutherford Street, Carnation, WA 98014
• Listed 2026-06-25•75 days on market
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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.
Listed by Charles Burnett • Real Broker LLC
Listing updated: June 26, 2026 at 09:27am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2542138
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31624 W Rutherford Street, Carnation, WA 98014
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
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Carnation is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 13 days.
$540,000 Sold
2 weeks ago
2 bd•1.5 ba•~1,057 sq ft•Single Family
4248 Tolt Lot 5 Avenue, Carnation, WA 98014
7%
Under list
—
Days on market
0.3 mi
Distance
$1,190,000 Sold
2 weeks ago
5 bd•3.5 ba•~3,530 sq ft•Single Family
4351 333rd Avenue Ne, Carnation, WA 98014
3%
Over list
—
Days on market
1.0 mi
Distance
$1,564,750 Sold
3 weeks ago
5 bd•4.75 ba•~4,016 sq ft•Single Family
32117 Valley Vista Street, Carnation, WA 98014
0%
Over list
—
Days on market
0.7 mi
Distance
$559,990 Sold
3 weeks ago
3 bd•2.5 ba•~1,369 sq ft•Single Family
4229 Mckinley Lot 31 Avenue, Carnation, WA 98014
7%
Under list
—
Days on market
0.3 mi
Distance
$1,566,200 Sold
3 weeks ago
4 bd•4.75 ba•~4,016 sq ft•Single Family
32131 Valley Vista Street, Carnation, WA 98014
0%
Over list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of June 26, 2026 at 09:27am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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