136 McKean Court, Enumclaw, WA 98022
- $1,150,000
- 4,092
- SqFt
Listing courtesy of Windermere Real Estate/Summit.
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2550339
- Days on Market
- 17
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,092
- Area Total SqFt
- 4092
- Annual Tax Ammount
- 8552.64
- Lot Size (sq ft)
- 12,280
- Sewer
- Sewer Connected
Property Description
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!
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Additional Information
- List Date
- 2026-07-09 21:57:13
- Community
- Enumclaw
- Net Operating Income
- $69,371
- Gross Adjusted Income
- $92,963
- Gross Scheduled Income
- $94,860
- Total Monthly Income
- $7,905
- Insurance Expenses
- $4,792
- Water/Sewer/Garbage Expenses
- $4,966
- Gross Rent Multiplier
- 12.12
- Total Expenses
- $23,592
- Cap Rate
- 6.03
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 136
- Potential Terms
- Cash, Conventional
- Year Built
- 1981
- Roof
- Composition
- Electric Expenses
- 375
- Other Expenses
- 4906
- Energy Source
- Electric
- School District
- Enumclaw
- Elementary School
- Sunrise Elem
- Middle School
- Enumclaw Mid
- High School
- Enumclaw Snr High
- Total Monthly Income
- $7,905
- Gross Scheduled Income
- $94,860
- Vacancy Rate
- 2
- Gross Adjusted Income
- $92,963
- Tax Year
- 2026
- Insurance Expense
- $4,792
- W/S/G Expenses
- $4,966
- Total Expenses
- $23,592
- Net Operating Income
- $69,371
- Gross Rent Multiplier
- 12.12
- Cap Rate
- 6.03
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.