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!
| MLS # | 2550339 |
|---|---|
| Listing Type | For Sale |
| Building Name | Mc Kean Add |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 77 |
| Listing Provided By | Windermere Real Estate/Summit | Ricardo Mendes |
| SQ Feet | 4,092 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Acreage | 0.28 |
| Property | 8552 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Enumclaw |
| Zip Code | 98022 |
| Area | 300 Enumclaw |
| Community Name | Enumclaw |
| School District | Enumclaw Snr High |
| Elementary School | Sunrise Elem |
| High School | Enumclaw Snr High |
| Listing VS Median (in Enumclaw) | |
Price: $1,099,000 low | high Med: $662,000 sqft: 4,092 low | high Med: 2,150 $ / sqft: $269 low | high Med: $313 On site: 77 low | high Med: 64 | |
| State | WA |
|---|---|
| County | King |
| City | Enumclaw |
| Zip Code | 98022 |
| Area | 300 Enumclaw |
| Community Name | Enumclaw |
| School District | Enumclaw Snr High |
| Elementary School | Sunrise Elem |
| High School | Enumclaw Snr High |
| Listing VS Median (in Enumclaw) | |
Price: $1,099,000 low | high Med: $662,000 sqft: 4,092 low | high Med: 2,150 $ / sqft: $269 low | high Med: $313 On site: 77 low | high Med: 64 | |
![]() | $1,200,000203 Farrelly StreetEnumclaw, WA 98022 |