Four-Unit
For Sale
$1,075,000
136 Mckean, Enumclaw, WA 98022
Each residence includes two bedrooms, one-and-a-half bathrooms, in-unit laundry, and a private outdoor area.
Property Size4,092 SF
Price / SF$262.71
Days on Market123
Property Features for 136 Mckean
General Information
Standard status
Active
Size
4,092 SF
Property subtype
Multi-family
Occupancy
100%
Financials
Cap Rate
6.03%
Gross Income
$95,000
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Parking per Unit
2
Amenities
in-unit washer and dryer
private patio or deck
private storage units
Building Details
Year Built
1981
Listing Agency:
Windermere Real Estate/Summit
Listed By:
Ricardo Mendes
(206) 410-6610
Source:
Century21northhomes
Added: Jun 28
Changed: Oct 27
Last Checked: Oct 26 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Real Estate/Summit
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Investment Insights
Based on property information with market context.
Built in 1981, this quadplex contains four residential units, each measuring 1,023 square feet with two bedrooms and 1.5 bathrooms. Individual layouts include a full kitchen, dining area, living room, in-unit washer and dryer, and a private patio or deck. One unit has new LVP flooring.
The property provides two dedicated parking spaces per unit, including one covered carport space. On-site private storage units are currently vacant, adding flexible storage capacity. The asset is located at 136 McKean Ct in Enumclaw, Washington, and is reported with a 6.03% cap rate.
The property provides two dedicated parking spaces per unit, including one covered carport space. On-site private storage units are currently vacant, adding flexible storage capacity. The asset is located at 136 McKean Ct in Enumclaw, Washington, and is reported with a 6.03% cap rate.
Key Highlights
- Four units, each with 2 bedrooms, 1.5 bathrooms, and 1,023 sq. ft.
- Two dedicated parking spaces per unit, including one covered carport space
- Private patio or deck included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,018
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,360
$1.4M
Cap Rate 7%
$985,971
$986.0K
Cap Rate 9%
$766,867
$766.9K
Market Conditions
NOI Build-Up for 4,092 SF
Gross rent
$104.3K $25.50/SF
− Vacancy
−$5.7K −$1.41/SF
EGI
$98.6K $24.09/SF
− OpEx
−$29.6K −$7.23/SF
NOI
$69.0K $16.87/SF
Area
King County, WA
Vacancy
5.51%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,360
Cap Rate 7%
$985,971
Cap Rate 9%
$766,867
Alternative Uses
Best Use
Multifamily LT 5
$986.0K
$862.7K – $1.15M
NOI $69,018 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$908.6K
$795.0K – $1.06M
NOI $63,602 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,727 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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Business Placement
Demographics for 98022, WA
22,874
Population
9,828
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
726.5 sq mi
ZIP Area
31
Density / Sq Mi
$116,613
Median Household Income
$59,360
Median Earnings
$1,626
Median Rent
$577,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two bedrooms, one-and-a-half bathrooms, in-unit laundry, and a private outdoor area.
Where is this quadplex located?
The property is located at 136 Mckean Enumclaw, WA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 1.5 bathrooms, and 1,023 sq. ft.; Two dedicated parking spaces per unit, including one covered carport space; Private patio or deck included with each unit
