Carnation Homes with 55 - 5-9 Units Style

Welcome to Carnation, Washington, a charming gem nestled in the heart of King County. This picturesque city, surrounded by the stunning natural beauty of the Cascade Mountains and lush farmland, offers a serene escape from the hustle and bustle of urban life while still providing easy access to nearby Seattle and Redmond.

Carnation is renowned for its friendly community, where neighbors become friends and local events bring everyone together. The town is rich in history and offers a variety of recreational activities. Enjoy leisurely strolls along the Snoqualmie River, explore the scenic trails of Tolt MacDonald Park, or participate in the vibrant local farmers market, where fresh produce and artisanal goods abound.

When it comes to housing, Carnation boasts a unique collection of homes, particularly those designed in the 55-59 unit style. These residences are perfect for those seeking a sense of community without sacrificing comfort. The homes in this category often feature spacious layouts, modern amenities, and beautifully landscaped yards, providing a perfect blend of privacy and social interaction. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Carnation offers a variety of options that cater to your lifestyle.

With its charming atmosphere, community spirit, and diverse housing options, Carnation is not just a place to live; it’s a place to thrive. Come discover the warmth and allure of this delightful town, where every day feels like a retreat into nature, and every neighbor feels like family.

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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