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    Carnation, WA
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    Six-Unit Corner Apartment Building
    Updated: May 25
    Six-Unit Corner Apartment Building

    31624 Rutherford, Carnation, WA 98014

    $1,375,000
    3,936 sqft 0.35 AC lot
    Six‑unit apartment building (built 1964) with (3) 1‑bedroom and (3) 2‑bedroom units.
    Located on a 15,152 SF corner lot with R‑24 zoning.
    Current rents are approximately 40% below projected market rents after renovations, with value‑add upside.
    On‑site common laundry adds additional income; tenants reimburse the owner for utilities.
    Ample parking, roof with substantial remaining useful life, and recently replaced upper decks.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Carnation, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Bellevue Multifamily Investment Opportunity
    Bellevue Multifamily Investment Opportunity

    14020 8th Street, Bellevue, WA 98007

    $3,250,000
    5,364 sqft 0.31 AC lot

    Six-unit property with renovation upside and seller financing.

    View details
    Multifamily Development Site
    Multifamily Development Site

    3805 108th Ave NE, Bellevue, WA 98004

    Contact for pricing
    12,575 sqft 1.37 AC lot

    Corner parcel with feasibility for up to 27 units, featuring planned 3-level flats over enclosed parking.

    View details
    Downtown Core Development Site
    Downtown Core Development Site

    8412 164 Avenue NE, Redmond, WA 98052

    $2,580,000

    Development site zoned Downtown Core (DTC) with up to 6.5 FAR and a maximum buildable area near 93,600 square feet.

    View details
    Redmond Condo with Balcony
    Redmond Condo with Balcony

    10500 NE 221st Lane #202, Redmond, WA 98053

    $637,000

    3-bed, 2-bath condo in Redmond near Microsoft.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Commercial Land with Freeway Exposure
    Commercial Land with Freeway Exposure

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details

    Carnation, WA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Carnation, WA on our real estate platform. These investment opportunities span a total of 3,936 square feet of properties for sale, with an estimated market value of $1,375,000.

    Sale prices for two-family homes in Carnation, WA average $1,375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 7,681
    Population Growth (5Y) +11.1%
    Median Household Income $157,680
    College Educated 62.9%

    Taxes & Financing

    Tax Rate (average for all types) 0.88%
    Property Tax per SF $14.37 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

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