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Leon Harper

leon@assetlistingteam.com +1(253) 973-7732

Listed by:WeLakeside • Kevin Nguyen

$1,700,000

Est. payment - /mo

16 Beds

8 Baths

6,080 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,080 sqft

Price per Sqft $279

Subdivision Buckley

MLS Listing ID 2517605

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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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Leon Harper

+1(253) 973-7732

Real Estate Professional | License ID: 18115

Real Estate Professional License ID: 18115

470 - 480 S River AVE Buckley, WA 98321

Leon Harper

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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470 - 480 S River AVE