Carnation Homes with Average Building Condition

Carnation Homes with Average Building Condition

Welcome to Carnation, Washington – a hidden gem nestled in the heart of King County, where the beauty of nature meets the warmth of a close-knit community. This charming city, surrounded by lush forests and the serene Snoqualmie River, offers a tranquil escape from the hustle and bustle of urban life while still being conveniently located just a short drive from Seattle and Redmond.

Carnation is renowned for its picturesque landscapes, with rolling hills and expansive farmland that create a stunning backdrop for outdoor enthusiasts. Residents enjoy a plethora of recreational activities, from hiking and biking along scenic trails to fishing and kayaking in the river. The local parks, such as Tolt MacDonald Park, provide ample opportunities for picnicking and enjoying the great outdoors.

The neighborhood boasts a diverse range of homes, many of which are characterized by their average building condition, offering a unique blend of charm and potential. Whether you’re a first-time homebuyer looking for a cozy starter home or a family seeking a spacious residence with room to grow, Carnation has something for everyone. The community’s friendly atmosphere is complemented by local shops, farmers' markets, and eateries that showcase the flavors of the region.

With its strong sense of community and breathtaking natural surroundings, Carnation is more than just a place to live; it’s a lifestyle. Come explore the warmth and beauty of this enchanting neighborhood, where your dream home awaits!

Newest Carnation Homes with Average Building Condition

$1,375,000
2542138 MLS ⋅ ACTIVE Status
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.

31624 W Rutherford Street, Carnation

Listing courtesy of Real Broker LLC.

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