Great value add investment opportunity! Lot's of room to increase rent if you put new kitchen, update bathrooms, rents should be at least $1950 to $2000 a month. This 4-plex can provide steady income for investor, and the fact that the community is growing and there is low vacancy is definitely a plus. Units had been updated, new roof in 2020, new exterior paint in 2021 and updated electrical. There is additional income from the coin-op laundry.
Sold
Listed by: John L. Scott, Inc • Nelya Calev
Bought with: Keller Williams Downtown Sea
$935,000
4240 McKinley Avenue, Carnation, WA 98014
--beds
--baths
3,126sqft
Multi Family
Built in 1983
-- sqft lot
$939,900 Zestimate®
$299/sqft
$2,571 Estimated rent
Home value
$939,900
$893,000 - $987,000
$2,571/mo
Zestimate® history
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$5,632/mo
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Zillow last checked:
Listing updated:
Listed by:
Nelya Calev,
John L. Scott, Inc
Bought with:
Janice M. Brown, 1936
Keller Williams Downtown Sea
Source: NWMLS as distributed by MLS GRID,MLS#: 2061269
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,126
- Total interior livable area: 3,126 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Features
- Patio & porch: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.27 Acres
- Features: Sidewalk, Cable TV, Deck
Details
- Parcel number: 8657300100
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Downtown Carnation
Location
- Region: Carnation
Financial & listing details
- Price per square foot: $299/sqft
- Tax assessed value: $758,000
- Annual tax amount: $6,121
- Date on market: 8/17/2023
- Cumulative days on market: 953 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2023 | Sold | $935,000-4.1%$299/sqft |
Source:  NWMLS as distributed by MLS GRID #2061269 Report a problem | ||
| 11/5/2023 | Pending sale | $975,000$312/sqft |
Source: NWMLS as distributed by MLS GRID #2061269 Report a problem | ||
| 10/31/2023 | Listed for sale | $975,000$312/sqft |
Source: NWMLS as distributed by MLS GRID #2061269 Report a problem | ||
| 10/12/2023 | Pending sale | $975,000$312/sqft |
Source: John L Scott Real Estate #2061269 Report a problem | ||
| 10/12/2023 | Contingent | $975,000$312/sqft |
Source: NWMLS as distributed by MLS GRID #2061269 Report a problem | ||
| 10/10/2023 | Price change | $975,000-9.3%$312/sqft |
Source: NWMLS as distributed by MLS GRID #2061269 Report a problem | ||
| 9/20/2023 | Price change | $1,075,000-4.4%$344/sqft |
Source: NWMLS as distributed by MLS GRID #2061269 Report a problem | ||
| 6/14/2023 | Price change | $1,125,000-2.2%$360/sqft |
Source: John L Scott Real Estate #2061269 Report a problem | ||
| 6/13/2023 | Pending sale | $1,150,000+2.2%$368/sqft |
Source: John L Scott Real Estate #2061269 Report a problem | ||
| 6/13/2023 | Price change | $1,125,000-2.2%$360/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2061269 Report a problem | ||
| 5/30/2023 | Pending sale | $1,150,000$368/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2061269 Report a problem | ||
| 5/1/2023 | Listed for sale | $1,150,000+150%$368/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2061269 Report a problem | ||
| 4/26/2014 | Listing removed | $460,000$147/sqft |
Source: Windermere Real Estate/East, Inc. #539030 Report a problem | ||
| 9/5/2013 | Listed for sale | $460,000$147/sqft |
Source: Windermere Real Estate/East, Inc. #539030 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,869 +9.5% | $758,000 +9.5% |
| 2024 | $6,271 -1.6% | $692,000 +3.1% |
| 2023 | $6,373 +12.4% | $671,000 -0.4% |
| 2022 | $5,669 -7.4% | $674,000 +10.7% |
| 2021 | $6,121 -8.8% | $609,000 +1.5% |
| 2020 | $6,711 +11.6% | $600,000 +14.3% |
| 2019 | $6,015 +20.7% | $525,000 +18.8% |
| 2018 | $4,982 -1.2% | $442,000 +8.9% |
| 2017 | $5,044 +11.3% | $406,000 +3% |
| 2016 | $4,531 | $394,000 -4.4% |
| 2015 | $4,531 | $412,000 +13.8% |
| 2014 | $4,531 | $362,000 +5.5% |
| 2013 | $4,531 | $343,000 +5.5% |
| 2012 | -- | $325,000 +12.5% |
| 2011 | -- | $289,000 -12.7% |
| 2010 | -- | $331,000 |
| 2009 | -- | $331,000 -15.8% |
| 2007 | -- | $393,000 +25.2% |
| 2006 | -- | $314,000 +18% |
| 2005 | -- | $266,000 +19.8% |
| 2001 | $2,971 +7.8% | $222,000 +11% |
| 2000 | $2,755 | $200,000 |
Find assessor info on the county website
Neighborhood: 98014
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Nearby schools
GreatSchools rating
- 6/10Carnation Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Tolt Middle SchoolGrades: 6-8Distance: 0.3 mi
- 10/10Cedarcrest High SchoolGrades: 9-12Distance: 6.5 mi
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Estimated market value
$939,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$939,900
- Washington
- King County
- Carnation
- 98014
- 4240 McKinley Avenue
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