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Sold on 04/28/2016

1525 Initial Pl, Enumclaw, WA 98022

  • $884,300

    Last sold 04/28/2016 for $439K

  • —

    bed

  • —

    bath

  • 3,552

    Sqft ($124/Sqft)

House not for sale
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About 1525 Initial Pl

Property type House
Neighborhood
Year built 1982
HOA fee $0/month
Lot size 0.28 Acre
Movoto estimate
Property description
Instant Income Turn Key Investment! 4 plex. Newly remodeled units all 2 bed, 1.5 bath, new flooring, paint, patios, fenced, washer and dryers in units. Cozy Wood burning fire places. Ample parking. All units leased. Location a key always tenants looking for housing in this area. Seller looking to move on to a larger project. All offers will be reviewed February 14. Call phone to show for showing interior information. Do not disturb tenants phone to show.
Listed by
Listing Agent - Tiffini Hayes
Listing Office - Ashlar Realty
Source: NWMLS mls logo
MLS#882807 • last updated 1 year ago
Movoto checked NWMLS for data 13 minutes ago
Overview
Levels/Style Quadruplex
MLS # 882807
SubType Multi-Family
Type Residential Income
SqFt 3552
Status Sold
Lot Size (SqFt) 12013
Lot Size (Acres) 0.2758
Property Tax 4817
Buying Office Ashlar Realty
Year Built 1982
Buying Office Phone 206-391-6224
Condition Remodeled
Interior
Exterior
Foundation Poured Concrete
Roof Composition
# Open Parking Spaces 8
# Covered Spaces 1
# Parking Spaces 8
# Uncovered Spaces 8
Exterior Features Wood
Amenities / Utilities
Sewer/ Septic Sewer Connected
Water Community
Power Production: Type Electric
Security Features PartiallyFenced
HOA Amenities See Remarks
Location
County King
Subdivision Enumclaw
Area 300 - Enumclaw
Middle School Enumclaw Mid
High School District Enumclaw
High School Enumclaw Snr High
APN 899010050
Zoning See Remarks
Multifamily Details
Net Operating Income 35000
Capitalization Rate 9
Expense: Insurance 1098
Gross Scheduled Income 46800
Gross Adjusted Income 35000
Total Expenses 11500
Gross Rent Multiplier 9
Nwm_Totalmonthlyincome 3800
Lot/ Land Details
Site Features Fenced-Fully, Patio
$884K
Range: $795K-$972K
Last 30 days 
Rental est.: $1,787/month
Gross rent multiplier: 20.5
Powered By Movoto
  • Feb 2016
    mls logo MLS # 882807
  • Feb 28, 2016 Pending
    —
  • Feb 24, 2016 Price Change
    $425,000 (+6.3%)
  • Jan 20, 2016 Price Change
    $399,950 (-5.9%)
  • Jan 11, 2016 Listed
    $425,000
  • 1525 Initial Pl
    $439K
  • 300 - Enumclaw
    —
  • 98022
    $725K -5% y/y
  • Enumclaw
    $725K -3% y/y
No chart available
Statistics calculated by Movoto

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6/10
Sunrise Elementary School
public Grades K-5
Enumclaw School District
6/10
Enumclaw Middle School
public Grades 6-8
Enumclaw School District
5/10
Enumclaw Sr High School
public Grades 9-12
Enumclaw School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 300 - Enumclaw

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