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$1,200,000

203 Farrelly Street

Enumclaw, WA 98022

Active

Beds

—

Baths

—

Sq Ft

—

Lot

0.35 ac

Year built

1981

Type

Residential Income

Days listed

59

MLS #

2569440

About this home

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.

Exterior features

Metal/Vinyl

Property details

Heating
Baseboard
Cooling
None
Flooring
Laminate, Vinyl, Carpet
Lot
Curbs, Paved, Sidewalk
Water source
Public
Sewer
Sewer Connected

Costs

Annual taxes
$9,168 (2026)

Estimate your monthly payment

$6,832/mo

Principal & interest
$6,068
Property taxes
$764
Loan amount $960,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Enumclaw, WA 98022

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Central Sound— Keenan Grayson.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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