31624 W Rutherford Street, Carnation, WA 98014

Carnation
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: charles burnett
Office: real broker llc.
MLS#:2542138
Source:NWMLS
31624 W Rutherford Street,Carnation, WA 98014
$1,375,000
  • - Beds
  • - Baths
  • 3,936 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,375,000
  • Price per sq. ft.:$349.34

About this home

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...

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Home facts

  • Year built:1964
  • Subdivision & Development:Carnation
  • Listing ID #:2542138
  • Updated:August 13, 2026 at 11:47 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor
  • Living area:3,936 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Torch Down
  • Year built:1964
  • Building area:3,936 sq. ft.
  • Lot area:0.35 Acres
  • Lot Features:Corner
  • Construction Materials:Wood Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,375,000
  • Price per sq. ft.:$349.34
  • Tax amount:$9,192 (2026)

Parking

  • Total parking spaces:12
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