203 Farrelly StreetEnumclaw, WA98022
Listing courtesy of Keenan Grayson of Windermere Central Sound
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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.
| 2 weeks ago | Listing updated with changes from the MLS | |
| 2 months ago | Status changed to Active | |
| 2 months ago | Listing first seen on site |
Listing courtesy of Keenan Grayson of Windermere Central Sound
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Last checked: 2026-10-25 08:15 PM PDT