31624 W Rutherford St

Carnation, WA 98014

$1,375,000
Price
9
Beds
6
Baths
3,936 Sq. Ft.
$349 / Sq. Ft.
3,936
Sq. Ft.
$349
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Listing provided courtesy of Real Broker LLC
Source: Northwest MLS

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....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.
  1. Listed by Charles Burnett • Real Broker LLC
    P: (855)-450-0442 charles@soundrealtygroup.com

Property Details for 31624 West Rutherford Street

Community Name
Carnation
School District
Riverview
View
Territorial
Number of Assigned Spaces
12
Total Covered Parking
0
Entry Date
06-25-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 06/26/2026 09:27 AM

Property Details for 31624 West Rutherford Street

StatusActive
MLS #2542138
Days on Market3
Cumulative Days on Market215
Taxes$9,192 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.35 AC / 15,152 SF
CountyKing County
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Location

Listing Courtesy of Real Broker LLC
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Building Information for 31624 West Rutherford Street

Stories2Residences6Year Built1964Building Size-Lot Size0.35 AC / 15,152 SF

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$7,618 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,852

Property Taxes

$766

HOA Dues

$0

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Property Information for 31624 West Rutherford Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 550 - Redmond/Carnation
  • Effective Year Built Source: Public Records
  • Directions: From SR-202, north on Tolt Ave, west on W Rutherford St to property on corner.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Torch Down
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 11250
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family,Residential
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential
  • MLS Square Footage Source: pr
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1998
  • Photos Count: 20
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Source: pr
  • Parcel Number Free Text: 8658302975
  • Building Condition: Average
  • Calculated Square Footage: 3936
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3936.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 12
  • Number of Stories in Building: 2
  • Vacancy Rate: 1
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $540
  • Total Expenses: 33394
  • Gross Adjusted Income: 108797
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $109,896
  • Insurance Expense: $4,140
  • Net Operating Income: $75,403
  • Other Expenses: $8,272
  • Total Monthly Income: 9158
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 650
  • Rent Unit 1: $1,160.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 650
  • Rent Unit 2: $1,300.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 800
  • Rent Unit 3: $1,360.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 650
  • Rent Unit 4: $1,350.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 950
  • Rent Unit 5: $1,360.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 800
  • Rent Unit 6: $1,350.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3936.0

Property History for 31624 West Rutherford Street

DateEvent & SourcePriceAppreciation
Jun 25, 2026

Listed (Active)

NWMLS #2542138

$1,375,000—
May 22, 1991

Sold (Public Record)

Public Record #47348044

$190,000—
DateEvent & SourcePrice
06/25/2026

Listed (Active)

NWMLS #2542138

$1,375,000
05/22/1991

Sold (Public Record)

Public Record #47348044

$190,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 31624 West Rutherford Street

Taxable ValueLand$280,300Additions$650,700Total$931,000
Tax Record2025$9,755 ($813 / month)
Home Facts
Total Finished SqFt3,936 SqFtAbove Ground SqFt3,936 SqFtStories2Lot Size15,152 SqFtStyleMulti-Family Dwelling (2-4)Year Built1964Year Renovated1998ZoningR24CountyKINGAPN865830-2975

Schools near 31624 West Rutherford Street

This home is within Riverview School District.
Rating
School
Type
Grades
Distance
Carnation Elementary School
Public - PK to 5
Tolt Middle School
Public - 6 to 8
Cedarcrest High School
Public - 9 to 12
Choice
Public - 7 to 10
Rating
School
Distance
Carnation Elementary School
PublicPK to 5

Tolt Middle School
Public6 to 8

Cedarcrest High School
Public9 to 12

Choice
Public7 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 31624 West Rutherford Street, Carnation, WA 98014

31624 West Rutherford Street is a multi-family home for sale in Carnation, WA 98014. This property was listed for sale on June 25, 2026 by Real Broker LLC, it's currently listed at $1,375,000. It has been on the market for a total of 3 days and was last sold on May 22, 1991. This listing's school district is Riverview School District. Nearby schools include Carnation Elementary School, Tolt Middle School and Cedarcrest High School. 31624 West Rutherford Street is a 9-bed, 6-bath, 3,936 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker LLC

Based on information submitted to the MLS GRID as of 06/26/2026 09:27 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.