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2054 Roosevelt Ave, Enumclaw, WA 98022

  • $2,595,000

    •

  • —

    bed

  • —

    bath

  • 7,224

    Sqft ($359/Sqft)

House pending
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About 2054 Roosevelt Ave

Property type House
Neighborhood
Year built 1947
HOA fee $0/month
Lot size 1.38 Acre
Movoto estimate
Property description
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.
Listed by
Listing Agent - Kekoa Michael Lwin
Listing Office - eXp Realty
Source: NWMLS mls logo
MLS#2513957 • last updated 1 day ago
Movoto checked NWMLS for data 14 minutes ago
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Overview
Cooling/AC Central Air
Heating Heat Pump
Levels/Style Multi Family
MLS # 2513957
SubType Multi Family
Type Residential Income
SqFt 7224
Status Pending Inspection
Lot Size (SqFt) 59982
Lot Size (Acres) 1.377
Property Tax 19307
Year Built 1947
Condition Updated/Remodeled
Interior
Flooring Vinyl Plank
Exterior
Foundation Pillar/Post/Pier
Roof Composition
Construction Wood
# Parking Spaces 20
# Uncovered Spaces 20
Exterior Features Wood
Amenities / Utilities
Sewer/ Septic Sewer Connected, Enumclaw Wastewater
Water Community
Water Company City Of Enumclaw
Power Company PSE
Power Production: Type Electric
HOA Amenities Coin Op Laundry, Playground
Location
View Territorial
County King
Subdivision Enumclaw
Area 300 - Enumclaw
Elementary School Southwood Elem
Middle School Enumclaw Mid
High School District Enumclaw
High School Enumclaw Snr High
APN 2620069051
Zoning Multi-Family
Directions Access Property Just West Of Cole Street On Roosevelt Avenue. South Side Of Street.
Multifamily Details
Net Operating Income 168897
Capitalization Rate 5.28
Expense: Insurance 2000
Expense: Electricity 2691
Gross Scheduled Income 204540
Expense: Fuel 2023
Expense: Other 1969
Gross Adjusted Income 194313
Total Expenses 38927
Gross Rent Multiplier 15.64
Vacancy Rate 5
Lot/ Land Details
Site Features Cabana/Gazebo
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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.

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Walk
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Dining
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  • Real Estate
  • WA
  • King County
  • Enumclaw
  • 98022
  • 2054 Roosevelt Ave

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