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
31624 W Rutherford ST, Carnation, WA 98014
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MaLisa Westlund

MaLisa Westlund

+1(253) 753-0373
Listed by:Real Broker LLC • Charles Burnett
$ 1,299,900
Est. payment | /mo

9 Beds

6 Baths

3,936 SqFt

Save
$ 1,299,900
Est. payment | /mo
Save

9 Beds

6 Baths

3,936 SqFt

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 $330

Subdivision Carnation

MLS Listing ID 2580823

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 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.

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.

Nearby Locations

MaLisa Westlund
MaLisa Westlund

Broker Associate License ID: 154670

+1(253) 753-0373 | malisawestlund@hawkinspoe.com

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31624 W Rutherford ST