203 Farrelly ST, Enumclaw, WA 98022
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203 Farrelly ST, Enumclaw, WA 98022
203 Farrelly ST, Enumclaw, WA 98022
203 Farrelly ST, Enumclaw, WA 98022
203 Farrelly ST, Enumclaw, WA 98022
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Tamara Emerson

Tamara Emerson

+1(253) 499-3966
Listed by:Windermere Central Sound • Keenan Grayson
$ 1,200,000
Est. payment /mo
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Active

203 Farrelly ST Enumclaw, WA 98022

8 Beds

8 Baths

4,092 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,092 sqft

Price per Sqft $293

Subdivision Enumclaw

MLS Listing ID 2569440

Style 54 - 4-Plex

Bedrooms 8

Year Built 1981

Annual Tax Amount $9,168

Lot Size 0.347 Acres

Property Sub-Type Multi Family

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.

Location

State WA

County King

Area 300 - Enumclaw

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Deck, Fenced-Partially, Gas Available, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Enumclaw

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Virtual Tour https://vimeo.com/1218536514?fl=pl&fe=sh

Northwest MLS (NWMLS)
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Tamara Emerson

Tamara Emerson

Agent License ID: 21002541

+1(253) 499-3966

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203 Farrelly ST