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    Carnation, WA
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    Carnation, WA Multifamily Properties for Sale

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    Redmond, WA Arlington, WA Sammamish, WA Issaquah, WA Duvall, WA Fall City, WA Granite Falls, WA Snoqualmie, WA
    Six-Unit Corner Apartment Building
    Updated: May 3
    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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    This listing looks promising.

    Here's a quick look at some key insights for

    31624 Rutherford, Carnation, WA 98014

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    • Est. Cap Rate

      4.5%
      NOI ÷ price

    • Est. NOI

      $61K
      Annual

    • Mortgage

      $600K
      Sep 2019

    • Property Type

      Residential Income
      Built 1964
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    Duplex Property With Accessory Dwelling
    Updated: Jul 10
    Duplex Property With Accessory Dwelling

    1718 292nd Place NE, Carnation, WA 98014

    $1,445,000
    2,885 sqft
    2,885 Total Living Square Feet with a 2,180 sq ft main house and 705 SF DADU
    DADU positioned above the 3‑car garage
    Set on shy 2 acres along a private road
    Gated property with wraparound driveway and parking for vehicles, boat & RV
    2‑stall barn plus mature landscaping with producing cherry & apple trees
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    Mixed-Use Corner Development Building
    Mixed-Use Corner Development Building

    45 Tolt Ave, Carnation, WA 98014

    $950,000
    11,455 sqft 0.35 AC lot

    Permit-ready mixed-use building with retail, office space, and apartments plus on-site parking for multiple revenue streams.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 3 Active listings in Carnation, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Redmond Development Site For Sale
    Redmond Development Site For Sale

    8520 164th Ave NE, Redmond, WA 98052

    $6,000,000
    18,000 sqft

    18,000 SF corner development site in the heart of Redmond.

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    Kirkland Multifamily Property For Sale
    Kirkland Multifamily Property For Sale

    12607 119th St, Kirkland, WA 98034

    $1,800,000
    4,344 sqft

    Multifamily property in Kirkland's Totem Lake neighborhood.

    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.

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    Kirkland Multifamily Property Near Marsh Park
    Kirkland Multifamily Property Near Marsh Park

    10150 64th St, Kirkland, WA 10150

    $4,250,000

    Six-unit property near downtown Kirkland with lake and mountain views.

    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.

    Wooded Lot with Existing Structure
    Wooded Lot with Existing Structure

    29445 SE 371st St, Enumclaw, WA 98022

    Contact for pricing
    1,344 sqft 1.00 AC lot

    One-acre wooded lot with potential for renovation or new construction.

    View details

    Carnation, WA Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Carnation, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 18,276 square feet of properties for sale, with an estimated market value of $3,770,000.

    Sale prices for multifamily properties in Carnation, WA start at $950,000, averaging $1,256,666, and reaching up to $1,445,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Duplexes 1
    Triplexes 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Carnation submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98014 $1.2M

    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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