203 Farrelly Street, Enumclaw, WA 98022
- $1,200,000
- 4,092
- SqFt
Listing courtesy of Windermere Central Sound.
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2569440
- Days on Market
- 0
- 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 offering high-end finishes and immediate cash flow! Ideal for an investor or owner-occupant looking to live top-floor while three occupied units pay the mortgage. The vacant upstairs unit is fully renovated with quartz counters, white shaker cabinets, LVP flooring, stainless appliances, and in-unit W/D featuring no rear neighbors for unmatched privacy. Major upgrades across units include PEX re-piping, permitted electrical, and 2017 roof. Low 32% expense ratio with tenant utility bill-backs and inheritable professional management in place. $105k+ gross potential income on actuals. High-yielding asset in a prime location!
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Additional Information
- List Date
- 2026-08-18 00:44:11
- Community
- Enumclaw
- Net Operating Income
- $70,019
- Gross Adjusted Income
- $102,967
- Gross Scheduled Income
- $105,068
- Total Monthly Income
- $8,755
- 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
- $8,755
- 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.