Listed by Windermere Real Estate/Summit
$1,150,000

Estimated payment $7,046/month

Total Views 908
8 Beds
8 Baths
4,092 Sq Ft
$281 Price per Sq Ft

Highlights

  • No HOA
  • Cul-De-Sac
  • Baseboard Heating
  • Thermal Windows
  • Vinyl Plank Flooring

About This Home

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!

Listing Agent

Ricardo Mendes

Windermere Real Estate/Summit License #25023573 Listed on: 07/09/2026

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2550339

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,553

Year Built

  • Built in 1981

Lot Details

  • 12,280 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end

Parking

  • 4 Covered Spaces

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 4,092 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Schools

  • Sunrise Elementary School
  • Enumclaw Mid Middle School
  • Enumclaw Snr High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Mc Kean Add Condos
  • Enumclaw Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5343400070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,553

Year Built

Built in 1981

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1981
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Mc Kean Add
  • New Construction: No
  • Structure Type: Quadruplex
  • CalculatedSquareFootage: 4092
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Enumclaw
  • WaterCompany: City of Enumclaw

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Enumclaw
  • High School: Enumclaw Snr High
  • Middle Or Junior School: Enumclaw Mid

Lot Info

  • Parcel Number: 5343400070
  • Lot Size Acres: 0.2819
  • Lot Size Sq Ft: 12280
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.12
  • LeasedItems: None
  • TotalMonthlyIncome: 7905

Tax Info

  • Year: 2026
  • Tax Annual Amount: 8552.64

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 375.14
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Sunrise Elem

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,149 $954,000 $187,000 $767,000
2024 $8,664 $903,000 $171,900 $731,100
2023 $7,871 $851,000 $171,900 $679,100
2022 $7,634 $866,000 $147,300 $718,700
2021 $7,399 $761,000 $135,000 $626,000
2020 $6,471 $672,000 $135,000 $537,000
2018 $5,662 $534,000 $115,000 $419,000
2017 $4,738 $462,000 $110,000 $352,000
2016 $5,225 $399,000 $110,000 $289,000
2015 $4,963 $433,300 $80,000 $353,300
2014 -- $394,000 $80,000 $314,000
2013 -- $394,000 $75,000 $319,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2026 07/09/26 For Sale $1,150,000 +15.6% $281 / Sq Ft
08/10/2022 08/10/22 Sold $995,000 0.0% $243 / Sq Ft View Prior Sale
07/07/2022 07/07/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $995,000 +87.8% $243 / Sq Ft
07/27/2017 07/27/17 Sold $529,900 0.0% $129 / Sq Ft View Prior Sale
06/12/2017 06/12/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $529,900 -- $129 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $995,000 First American Title
Warranty Deed $529,900 First American Title Ins Co
Warranty Deed $362,500 First American
Warranty Deed -- Rainier Title
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed $285,000 Transnation Title Insurance
Warranty Deed $240,000 Transnation Title Insurance
Warranty Deed $198,000 --
Warranty Deed $198,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $746,250 New Conventional
Previous Owner $269,500 No Value Available
Previous Owner $186,375 No Value Available
Previous Owner $290,600 No Value Available
Previous Owner $299,000 No Value Available
Previous Owner $260,000 No Value Available
Previous Owner $228,000 No Value Available
Previous Owner $168,000 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2550339

Northwest Multiple Listing Service (NWMLS)

APN: 534340-0070

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