$1,375,000
Est. $6,902/mo31624 W Rutherford Street, Carnation, WA 98014
• Listed 2026-06-25•12 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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Open Sat, Jul 11 +1RexMont Value Snapshot
We found recent nearby sales, but not enough that are similar enough to publish an automated value signal for this home.
Ask RexMont to verify value31624 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.
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Carnation is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$93,000 Sold
1 day ago
2 bd•1 ba•Single Family
32510 Ne 50th Street #34, Carnation, WA 98014
0%
Over list
—
Days on market
0.5 mi
Distance
$1,409,950 Sold
2 weeks ago
4 bd•2.5 ba•~3,001 sq ft•Single Family
32051 Valley Vista Street, Carnation, WA 98014
0%
Over list
—
Days on market
0.7 mi
Distance
$864,995 Sold
2 weeks ago
3 bd•2.5 ba•~2,238 sq ft•Single Family
3683 Mckinley Avenue, Carnation, WA 98014
0%
Over list
—
Days on market
0.6 mi
Distance
$600,000 Sold
4 weeks ago
2 bd•1 ba•~700 sq ft•Single Family
31952 W Bagwell Street, Carnation, WA 98014
3%
Under list
—
Days on market
0.2 mi
Distance
$125,000 Sold
4 weeks ago
2 bd•1 ba•Single Family
32501 Ne 50th Street #37, Carnation, WA 98014
6%
Over list
—
Days on market
0.5 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 Jul 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
