31624 W Rutherford ST, Carnation, WA 98014
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31624 W Rutherford ST, Carnation, WA 98014
31624 W Rutherford ST, Carnation, WA 98014
31624 W Rutherford ST, Carnation, WA 98014
31624 W Rutherford ST, Carnation, WA 98014
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Jeremy Briggs

Jeremy Briggs

+1(206) 247-5058
Listed by:Real Broker LLC • Charles Burnett
$ 1,375,000
Est. payment /mo
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31624 W Rutherford ST Carnation, WA 98014

9 Beds

6 Baths

3,936 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,936 sqft

Price per Sqft $349

Subdivision Carnation

MLS Listing ID 2542138

Style 55 - 5-9 Units

Bedrooms 9

Year Built 1964

Annual Tax Amount $9,192

Lot Size 0.348 Acres

Property Sub-Type Multi Family

Property 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.

Location

State WA

County King

Area 550 - Redmond/Carnation

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

View Y/N Yes

View Territorial

Roof Type Torch Down

Building

Lot Description Corner Lot

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Riverview

Others

Senior Community No

Acceptable Financing Conventional, Owner Will Carry

Listing Terms Conventional, Owner Will Carry

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Jeremy Briggs

Jeremy Briggs

Real Estate Advisor | License ID: 134661

+1(206) 247-5058

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31624 W Rutherford ST