203 Farrelly Street · Enumclaw, WA 98022
Source: NWMLS · Windermere Central Sound · Keenan Grayson #NWM2569440
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.
Location
Basics
- Property type
- Multi Family
- Style
- 4-Plex
- Stories
- 2 stories
- Year built
- 1981 (renovated 2000)
- Building area
- 4,092 sq ft
- Lot size
- 15,122 sq ft (0.35 acres)
- County
- King
- MLS #
- NWM2569440
Interior
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Laminate, Vinyl, Carpet
Exterior & lot
- Exterior features
- Metal/Vinyl
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Curbs, Paved, Sidewalk
- Waterfront
- No
Parking
- Parking spaces
- 12
- Covered spaces
- 4
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Enumclaw
- Property tax
- $9,168 (2026)
Transaction
- Listed on
- Aug 17, 2026
- Days active
- 65
- Listing terms
- Cash, Conventional, FHA
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2022-08-12
- Sold$965,000
- 2017-07-27
- Sold$529,900
- 2013-06-27
- Sold$362,500
- 2002-05-31
- Sold$285,000
Schools
School district: Enumclaw
- High
- Enumclaw Senior High SchoolSchoolDigger 3 stars · Top 49% in WA
Listing provided courtesy of: Windermere Central Sound
Listing agent: Keenan Grayson.
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 provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-10-09.