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(253) 256-5270
My Q Homes with Wilcox Real Estate
203 Farrelly Street, Enumclaw, WA 98022
- $1,200,000
- 4,092
- SqFt
Listing Broker: Windermere Central Sound; Keenan Grayson; 206-861-4511; keenan@windermere.com
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2569440
- Days on Market
- 45
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,092
- Area Total SqFt
- 4092
- Annual Tax Ammount
- 9168
- Lot Size (sq ft)
- 15,122
- Sewer
- Sewer Connected
Property Description
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.
Additional Information
- List Date
- 2026-08-25 16:13:11
- Community
- Enumclaw
- Net Operating Income
- $70,019
- Gross Adjusted Income
- $102,967
- Gross Scheduled Income
- $105,068
- Total Monthly Income
- $8,235
- Insurance Expenses
- $5,734
- Water/Sewer/Garbage Expenses
- $5,648
- Gross Rent Multiplier
- 11.4
- Total Expenses
- $32,950
- Cap Rate
- 5.83
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 203
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1981
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Gas Available, Patio
- Other Expenses
- 12400
- Energy Source
- Electric
- School District
- Enumclaw
- Total Monthly Income
- $8,235
- Gross Scheduled Income
- $105,068
- Vacancy Rate
- 2
- Gross Adjusted Income
- $102,967
- Tax Year
- 2026
- Insurance Expense
- $5,734
- W/S/G Expenses
- $5,648
- Total Expenses
- $32,950
- Net Operating Income
- $70,019
- Gross Rent Multiplier
- 11.4
- Cap Rate
- 5.83
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.