Property Details
2054 Roosevelt Avenue
Enumclaw, WA 98022
$2,650,000
Active
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Property Overview
GREAT ENUMCLAW LOCATION! VALUE-ADD INVESTMENT WITH MULTIPLE OPTIONS! 15 separately deeded units: 14 residential condos & 1 vacant lot of 9,581sf. Condos currently rented long-term under market. Vacant lot not rented. Potential to convert units to mid-term or short-term rentals. Or sell each condo individually at about $250K+ each (no inventory in town). Potential to build on vacant lot. Deeded parking to each unit. Condos and complex have been nicely upgraded, maintained and well managed. Additional income from 5 storage units plus updated laundry room. Lots of grass areas, a spacious common courtyard, and, plentiful parking make this a highly desirable home for tenants. Very nice, high quality tenants. Great location walking distance to downtown Enumclaw.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Enumclaw
Listed
Apr 27, 2026
Financial Summary
Cap Rate
5.28%
Net Operating Income
$168,897
Gross Scheduled Income
$204,540
Gross Rent Multiplier
15.64
Total Expenses
$38,927
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
7,224
Leasable Area
7,224 sqft
Total Units
14
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
1.38 acres
Year Built
1947
Exterior & Lot
Lot Size
1.38 sqft
Year Built
1947
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Community
Exterior Features
Wood
Location
City
Enumclaw
County
King
Coordinates
47.19873, -121.99570
Additional Information
Tax Year
2024
Annual Taxes
$19,307
Possession
Array
Based on information submitted to the MLS GRID as of May 2, 2026 1:45 AM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is 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. Copyright 2026 NWMLS. All rights reserved.