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31624 W Rutherford Street, Carnation, WA 98014

Carnation
Local realty services provided by:CENTURY 21 Van Dorm Realty
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
  • Listing ID #:2542138
  • Updated:July 08, 2026 at 11:28 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 8, 2026. 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 is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Jeffrey Pust

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