About this home

Attention multifamily investors: Secure an immediate, 100% occupied cash-flow generator delivering nearly $95K/year in gross revenue at a strong 6.03% 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!

Exterior features

Schools

Property details

Heating

Baseboard

Cooling

None

Flooring

Vinyl, Vinyl Plank, Carpet

Lot

Cul-De-Sac, Dead End Street, Paved, Sidewalk

Water source

Public

Sewer

Sewer Connected

Costs

Annual taxes

$8,553 (2026)

Location

Enumclaw, WA 98022