Carnation Homes with 55 - 5-9 Units Style

Welcome to Carnation, Washington—a hidden gem nestled in the picturesque Snoqualmie Valley. Just 30 miles east of Seattle, this charming city is known for its stunning natural beauty, friendly community, and a lifestyle that beautifully balances tranquility with convenience. With the majestic Cascade Mountains as a backdrop and the serene Snoqualmie River flowing nearby, Carnation offers a perfect escape from the hustle and bustle of urban life.

Carnation is a place where outdoor enthusiasts thrive. The area is adorned with lush parks, scenic trails, and ample opportunities for biking, hiking, and fishing. The local farmers' market is a delightful experience, showcasing the region's rich agricultural heritage and providing fresh produce and artisanal goods to residents. The community spirit is palpable, with various events and festivals that bring neighbors together to celebrate the beauty of life in Carnation.

When it comes to housing, Carnation offers a unique selection of homes, particularly those within the 5-9 unit style. These homes are perfect for those seeking a sense of community while enjoying the benefits of private living. With a blend of modern amenities and charming architectural designs, these residences cater to a variety of lifestyles—whether you're a young professional, a growing family, or looking to downsize. The proximity to local schools, parks, and shopping makes these homes not only appealing but also practical.

Discover the enchanting allure of Carnation, where every day feels like a breath of fresh air. Explore the inviting homes in this vibrant city and find your perfect sanctuary amidst nature’s embrace.

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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