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$1,650,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 1 day ago

Listed by Kevin Nguyen | WeLakeside | (425) 246-1453
Sold by Brennan Sallstrom | Person Real Estate Group LLC

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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!

Full Property Details for 470 - 480 S River Ave

General

  • Sold For: $1,650,000
  • Taxes: $14,326 (2026)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2517605
  • Added to Site: 58 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Parking

  • Uncovered Spaces: 12

Location

  • Area: 111 - Buckley/South Prairie
  • County: Pierce
  • Subdivision: Buckley
  • Driving Directions: Hwy 410 E, turn right on wheeler ave, then right on river ave.

School Information

  • High School District: White River

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood, Wood Products
  • Foundation: Slab
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 6,080
  • Year Built: 1980

Unit Information

  • Units in Building: 8

Lot Features

  • Lot Size (Acres): 0.303
  • Lot Size (Sq. Ft.): 13,200
  • Lot Size Source: Realist
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $14,326
  • Tax Year: 2026
  • Terms: Assumable, Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 9540100371

Listed by Kevin Nguyen | WeLakeside | (425) 246-1453
Sold by Brennan Sallstrom | Person Real Estate Group LLC

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 470 - 480 S River Ave

School District:White River School District
NameGradesDistance
Elk Ridge Elementary School
340 White River Park Road, Buckley, WA 98321
PK-50.9 mi
Glacier Middle School, Buckley, WA
240 C Street, Buckley, WA 98321
6-80.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 470 - 480 S River Ave

Date
Details
Price
Change
Source
5/29/2026
Sold
$1,650,000
-2.94%
MLS
5/04/2026
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Kevin Nguyen | WeLakeside | (425) 246-1453
Sold by Brennan Sallstrom | Person Real Estate Group LLC

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Price Reduced near 470 - 480 S River Ave

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3015 Fredrickson St, Enumclaw, WA 98022 - Photo 1 Price Reduced
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Sold by Melanni Rezek | Keller Williams Realty

470 - 480 S River Avenue, Buckley, WA 98321 (MLS# 2517605) is a Multi-Family property that was sold at $1,650,000 on May 29, 2026. Want to learn more about 470 - 480 S River Avenue? Do you have questions about finding other Multi-Family real estate for sale in Buckley? You can browse all Buckley real estate or contact a Coldwell Banker agent to request more information.