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253-691-8561
Terrafin Real Estate
470 - 480 S River Avenue, Buckley, WA 98321
- $1,650,000
- 6,080
- SqFt
Listing Broker: WeLakeside; Kevin Nguyen; ; Selling Office: Person Real Estate Group LLC.
- Sold Price
- $1,650,000
- List Price
- $1,700,000
- Status
- SOLD
- Closing Date
- May 29, 2026
- MLS#
- 2517605
- Subtype
- Residential Income
- Style
- 54 - 4-Plex
- Year Built
- 1980
- Living Area
- 6,080
- Lot Size
- 13,200
- Acres
- 0.30
- Subdivision
- Buckley
- Neighborhood
- Buckley
- MLS Area Major
- Buckley/South Prairie
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
- Amenities
- Coin Op Laundry
- Exterior Features
- Wood, Wood Products
- Property Description
- 54 - 4-Plex
- Flooring
- Vinyl, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- School District
- White River
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.