2707 Initial Place, Enumclaw, WA 98022
- $1,000,000
- 3,552
- SqFt
Listing courtesy of Person Real Estate Group LLC. Selling Office: John L. Scott Enumclaw.
- Sold Price
- $1,000,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 2502536
- Closing Date
- Jun 15, 2026
- Days on Market
- 39
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,552
- Area Total SqFt
- 3552
- Annual Tax Ammount
- 8852
- Lot Size (sq ft)
- 12,043
- Sewer
- Sewer Connected
Property Description
Exceptional updated 4-Plex in desirable Enumclaw! Nestled on a quiet cul-de-sac, this townhouse-style features 4 identical 2-bed, 1.5-bath units, each with 888 sq ft of living space. The main level offers a kitchen, living area, half bath & laundry room, while upstairs boasts 2 bedrooms and a full bath. Each unit enjoys its own private patio with outdoor storage closet, upstairs a small deck off the bedroom overlooking the backyard & territorial views. 3 out of the 4 units have been fully updated with fresh paint & new flooring, and all units include updated appliances, hot water heaters, and front windows. Recent building improvements include a new roof (2020), Hardie board siding & paint (2024), newer front windows (2019) and each unit is fully fenced (2024) for private backyard space. Long term tenants, month-to-month leases, rents are below market & pets on an approved basis. Perfectly positioned for rental income or investment.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-05-07 00:00:00
- Community
- Enumclaw
- Net Operating Income
- $42,420
- Gross Adjusted Income
- $62,496
- Gross Scheduled Income
- $67,200
- Total Monthly Income
- $5,600
- Insurance Expenses
- $3,693
- Water/Sewer/Garbage Expenses
- $5,620
- Gross Rent Multiplier
- 16.37
- Total Expenses
- $20,076
- Cap Rate
- 3.8
- Vacancy Rate
- 7
- Total Number of Units
- 4
- Unit Name
- 2707
- Potential Terms
- Cash, Conventional
- Year Built
- 1982
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Patio
- Other Expenses
- 1911
- Energy Source
- Electric
- School District
- Enumclaw
- Total Monthly Income
- $5,600
- Gross Scheduled Income
- $67,200
- Vacancy Rate
- 7
- Gross Adjusted Income
- $62,496
- Tax Year
- 2025
- Insurance Expense
- $3,693
- W/S/G Expenses
- $5,620
- Total Expenses
- $20,076
- Net Operating Income
- $42,420
- Gross Rent Multiplier
- 16.37
- Cap Rate
- 3.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.