470 - 480 S River Avenue, Buckley, WA 98321
- $1,650,000
- 6,080
- SqFt
Listing courtesy of WeLakeside. Selling Office: Person Real Estate Group LLC.
- Sold Price
- $1,650,000
- List Price
- $1,700,000
- Status
- SOLD
- MLS#
- 2517605
- Closing Date
- May 29, 2026
- Days on Market
- 3
- Style
- 54 - 4-Plex
- Finished SqFt
- 6,080
- Area Total SqFt
- 6080
- Annual Tax Ammount
- 14326
- Lot Size (sq ft)
- 13,200
- Sewer
- Sewer Connected
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!
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Additional Information
- List Date
- 2026-05-26 00:00:00
- Community
- Buckley
- Net Operating Income
- $87,066
- Gross Adjusted Income
- $123,600
- Gross Scheduled Income
- $87,066
- Total Monthly Income
- $10,000
- Insurance Expenses
- $2,288
- Water/Sewer/Garbage Expenses
- $18,720
- Gross Rent Multiplier
- 13.7
- Total Expenses
- $36,534
- Cap Rate
- 5.1
- Total Number of Units
- 8
- Unit Name
- 470 - 480
- Potential Terms
- Assumable, Cash, Conventional
- Year Built
- 1980
- Roof
- Composition
- Electric Expenses
- 1200
- Energy Source
- Electric
- School District
- White River
- Total Monthly Income
- $10,000
- Gross Scheduled Income
- $87,066
- Gross Adjusted Income
- $123,600
- Tax Year
- 2026
- Insurance Expense
- $2,288
- W/S/G Expenses
- $18,720
- Total Expenses
- $36,534
- Net Operating Income
- $87,066
- Gross Rent Multiplier
- 13.7
- Cap Rate
- 5.1
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.