$1,200,000
203 Farrelly Street
Enumclaw, WA 98022
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
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
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.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.