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31624 W Rutherford St
Carnation, WA 98014

$1,375,000 USD

Apartments For Sale  •  3,936 SF

Property Details

• Property Type Apartments
• Total Building Size 3,936 SF
• Lot Size 0.35 AC
• Building Class C
• Year Built 1964
• Cap Rate 5.48 %
• Zoning R7.2, Carnation

30 Transit Score

30 Walk Score

Highlights

Seller financing offered with ~35% down and interest-only payments during the first year

Current rents are approximately 40% below projected market rents following renovations, creating exceptional value-add potential

Situated on a 15,152 SF corner lot with R-24 zoning, the property offers future expansion or redevelopment potential

Property Flyers

31624 Rutherford OS June 2026 year 1 IO

Financial Summary (Actual)

Net Operating Income: $75,404 USD (2025)

Cap Rate:	5.48 %
Total Expenses:	$33,394 USD

Amenities

• Heating
• Kitchen
• Refrigerator
• Range
• Carpet
• Double Pane Windows
• Window Coverings
• Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Seattle-Tacoma International	56 min	-	34.0 mi
Seattle Paine Field International	57 min	-	34.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes