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203 Farrelly Street, Enumclaw
$1,200,000
2569440 MLS ⋅ ACTIVE Status
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.

203 Farrelly Street, Enumclaw

Listing Broker: Windermere Central Sound; Keenan Grayson; 206-861-4511; keenan@windermere.com

136 McKean Court, Enumclaw
$1,099,000
2550339 MLS ⋅ ACTIVE Status
Attention multifamily investors: Secure an immediate, 100% occupied cash-flow generator delivering nearly $95K/year in gross revenue at a strong 6.31% cap rate. Each of the four spacious units offers 2 bedrooms, 1.5 bathrooms, and 1,023 sq. ft., featuring a full kitchen, dining area, living room, in-unit washer and dryer, and a private patio or deck. This prime location pairs a walkable historic downtown lifestyle with seamless commuter access to major Auburn, Kent, Tacoma, and Seattle job centers—ensuring exceptional long-term tenant retention and a ~2% vacancy rate. High-demand amenities include two dedicated parking spaces per unit (one covered carport), recent updates like new LVP flooring in one unit, and vacant on-site private storage units providing immediate value-add upside to expand your net operating income (NOI). Turnkey assets with this level of proven performance are rare - act fast!

136 McKean Court, Enumclaw

Listing Broker: Windermere Real Estate/Summit; Ricardo Mendes; 425-533-5849; ricardo.mendes@windermere.com

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