Carnation Homes with 55 - 5-9 Units Style

Welcome to Carnation, Washington – a charming gem nestled in the picturesque King County, just a stone's throw from the bustling city of Seattle. Known for its breathtaking landscapes, lush greenery, and friendly community, Carnation offers a perfect blend of small-town charm and modern convenience. With the majestic Cascade Mountains as a backdrop and the tranquil Snoqualmie River meandering through the area, it's no wonder that Carnation is a sought-after destination for nature enthusiasts and families alike.

The real estate market here is as diverse as the community itself, featuring a variety of home styles to suit every taste. Among the most appealing options are the homes with 5-9 units, which provide an ideal opportunity for those looking to invest in multi-family living or seek a close-knit community atmosphere. These properties are designed to foster connections while offering residents their own space, making them perfect for families, young professionals, or anyone looking to enjoy the benefits of shared living.

Carnation’s homes in this category are characterized by their thoughtful layouts, modern amenities, and proximity to local parks, schools, and shops. Imagine waking up to the sound of birds chirping, enjoying leisurely walks along the river, and having easy access to outdoor activities like hiking and biking. With a strong sense of community and a commitment to preserving its natural beauty, Carnation is not just a place to live; it’s a place to thrive. Explore the possibilities of calling this enchanting city home, and discover why so many are drawn to its serene lifestyle.

Newest Carnation Homes with 55 - 5-9 Units Style

$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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