RARE OPPORTUNITY TO ACQUIRE A SIX-UNIT APARTMENT BUILDING IN DOWNTOWN CARNATION. SELLER FINANCING OFFERED. 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 WELL BELOW PROJECTED MARKET RENTS FOLLOWING RENOVATIONS, creating significant value-add potential. Additional income is generated through on-site common laundry, and 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, minutes from Snoqualmie with convenient access to SR 520, Redmond, Bellevue, and Microsoft. A COMPELLING VALUE-ADD MULTIFAMILY OPPORTUNITY WITH FLEXIBLE SELLER FINANCING, STRONG RENTAL UPSIDE, AND LONG-TERM REDEVELOPMENT POTENTIAL IN ONE OF KING COUNTY'S MOST SUPPLY-CONSTRAINED RENTAL MARKETS.
| MLS # | 2580823 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 14 |
| Listing Provided By | Real Broker LLC | Charles Burnett |
| SQ Feet | 3,936 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Zoning | Multi-Family,Residential |
| Acreage | 0.35 |
| Property View | Yes |
| Property | 9192 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Carnation |
| Zip Code | 98014 |
| Area | 550 Redmond | Carnation |
| Community Name | Carnation |
| Listing VS Median (in Carnation) | |
Price: $1,299,900 low | high Med: $919,995 sqft: 3,936 low | high Med: 2,238 $ / sqft: $330 low | high Med: $411 On site: 14 low | high Med: 314 | |
| State | WA |
|---|---|
| County | King |
| City | Carnation |
| Zip Code | 98014 |
| Area | 550 Redmond | Carnation |
| Community Name | Carnation |
| Listing VS Median (in Carnation) | |
Price: $1,299,900 low | high Med: $919,995 sqft: 3,936 low | high Med: 2,238 $ / sqft: $330 low | high Med: $411 On site: 14 low | high Med: 314 | |
![]() | $1,425,00031616 Ne 55th StreetCarnation, WA 98014 |