470 - 480 S River AVE, Buckley, WA 98321
Listed by:WeLakeside • Kevin Nguyen
Bought with: Person Real Estate Group LLC

$1,650,000

Est. payment /mo

$1,700,000

2.9%
Est.Price: ?

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470 - 480 S River AVE Buckley, WA 98321

16 Beds

8 Baths

6,080 SqFt

SOLD DATE : 05/29/2026

Key Details

Sold Price $1,650,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,080 sqft

Price per Sqft $271

Subdivision Buckley

MLS Listing ID 2517605

Sold Date 05/29/26

Style 54 - 4-Plex

Bedrooms 16

Year Built 1980

Annual Tax Amount $14,326

Lot Size 0.303 Acres

Property Sub-Type Multi Family

Property Description

Rare 8-unit value-add opportunity in Buckley featuring two adjacent 4-plexes. All units are 2-bed, 1-bath, 760 sqft, with private balconies. Potentially assumable financing at 4.75% interest with approximately 25.5 years remaining presents a significant advantage against today's rate! Strong tenant history with long-term occupants all in place for 5+ years, currently all on month-to-month leases at below-market rents—providing immediate upside through rent increases. Each unit is individually metered, creating an opportunity for utility chargebacks, along with additional income from on-site coin-operated laundry. One unit is currently vacant, allowing for owner-occupancy or immediate minimal touch-up to lease at market rents. Multifamily inventory in Buckley is extremely limited, making it a rare opportunity to add this to your long-term portfolio!

Location

State WA

County Pierce

Area 111 - Buckley/South Prairie

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

View Y/N No

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District White River

Others

Senior Community No

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

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Northwest MLS (NWMLS)

Nearby Locations

Kathleen Facey
Kathleen Facey

Broker Associate License ID: 26961

+1(425) 327-2121 | kathleen@teamfacey.com

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