Carnation Homes with 55 - 5-9 Units Style

Welcome to Carnation, Washington, a hidden gem nestled in the picturesque Snoqualmie Valley. Known for its stunning natural beauty and vibrant community, Carnation offers an idyllic setting for those seeking a peaceful yet engaging lifestyle. With the majestic Cascade Mountains as a backdrop and the serene Snoqualmie River winding through the area, outdoor enthusiasts will find endless opportunities for hiking, biking, and fishing right at their doorstep.

Carnation is a charming small town that embodies the essence of Pacific Northwest living. The community is deeply rooted in agriculture, with local farms and markets providing fresh produce and artisanal goods. The town hosts a variety of annual events, including the popular Carnation Fourth of July Celebration and the Carnation Farmers Market, fostering a strong sense of community and camaraderie among residents.

When it comes to housing, Carnation boasts a selection of homes that cater to diverse lifestyles. Among these are the delightful 55-59 unit style homes, which offer a perfect blend of comfort and convenience. These homes are designed with modern amenities and spacious layouts, ideal for families or those looking to downsize without sacrificing quality. With a range of architectural styles, including charming Craftsman and contemporary designs, you’ll find options that suit your personal taste.

Living in Carnation means embracing a slower pace of life while enjoying the conveniences of nearby urban centers, such as Redmond and Bellevue, just a short drive away. Experience the warmth and charm of Carnation, where community spirit thrives and nature’s beauty surrounds you. Your dream home awaits in this enchanting neighborhood!

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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