203 Farrelly Street, Enumclaw, WA 98022

Enumclaw
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: keenan grayson, jajuan winesberry
Office: windermere central sound253-844-4289
MLS#:2569440
Source:NWMLS
203 Farrelly Street,Enumclaw, WA 98022
$1,200,000
  • - Beds
  • - Baths
  • 4,092 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$293.26

About this home

Turnkey Enumclaw fourplex featuring 100% occupancy and immediate cash flow at a 5.83% cap rate! Fully stabilized with reliable in-place income and zero vacancy turnaround required. Units feature high-end upgrades including quartz counters, white shaker cabinets, LVP flooring, stainless steel appliances, and in-unit W/D—paired with a private lot backing to peaceful green space. Capital improvements include PEX re-piping, permitted electrical updates, and a 2017 roof. Low ~31% expense ratio with tenant utility bill-backs (RUBS) and inheritable professional management in place. Generating $105k+ actual gross income ($70k+ NOI), this is a rare, low-maintenance income producer.

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Home facts

  • Year built:1981
  • Subdivision & Development:Enumclaw
  • Listing ID #:2569440
  • Updated:November 04, 2026 at 02:12 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Floor
  • Living area:4,092 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1981
  • Building area:4,092 sq. ft.
  • Lot area:0.35 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Metal/Vinyl Exterior Finish
  • Exterior Features:Deck, Fenced-Partially, Patio

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$293.26
  • Tax amount:$9,168 (2026)

Features and amenities

  • Amenities:Gas Available

Parking

  • Total parking spaces:12
  • Carport spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 4, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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