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$1,150,000
2550339 MLS ACTIVE Status
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!

136 McKean Court, Enumclaw

Listing courtesy of Windermere Real Estate/Summit.

$1,000,000
2502536 MLS SOLD Status
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.

2707 Initial Place, Enumclaw

Listing courtesy of Person Real Estate Group LLC. Selling Office: John L. Scott Enumclaw.

$1,000,000
2170560 MLS SOLD Status
Hard to find 4plex with 2 bedroom 1.5 bath units - 2 parking spaces per unit 9 total. Newer roof and insulation in 2020. Newer vinyl windows and sliding doors 2015, newer water heaters, duradek vinyl decking. One unit freshly painted, new carpet, new sink, new wall heaters new rent. Ready for a new renter with higher rent. All units have a deck or patio and outdoor storage and washer and dryer hookups. Bedrooms and living space is very spacious. Walk to town or schools. 3 units have a view of Mount Rainier! Rents are currently below market but 3 units have long term month to month tenants keeping utilities low. Owners have meticulously maintained this building - turn key, ready for you to cash flow.

2734 Initial Place, Enumclaw

Listing courtesy of John L. Scott, Inc. Selling Office: Skyline Properties, Inc..

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