476 Division St Buckley, WA 98321-0060
HDR-Low, high density residential (low) zone. (1) Intent and Purpose. The HDR-Low zone is intended to allow high density multifamily residential development, which includes apartment complexes. This zone applies to those existingareas of the city already developed under high densities or as multifamily dwellings and the immediate surrounding area. Greater fl…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
HDR · Buckley, WAHDR-Low, high density residential (low) zone. (1) Intent and Purpose. The HDR-Low zone is intended to allow high density multifamily residential development, which includes apartment complexes. This zone applies to those existingareas of the city already developed under high densities or as multifamily dwellings and the immediate surrounding area. Greater flexibility is afforded to nonresidential uses when located adjacent to commercially zoned or developed land. In addition, multifamily residential (HDR) districts in Buckley are intended to reserve appropriately located areas for multifamily living at a broad range of dwelling unit densities consistent with the Buckley comprehensive plan. Further, multifamily residential (HDR) districts in Buckley are intended to protect the public health, safety and general welfare by ensuring that opportunities to obtain reasonable-cost housing exist for households representing a variety of income categories and lifestyles. Multifamily residential (HDR) districts in Buckley are also intended to facilitate the provision of utility services and other public facilities commensurate with anticipated population and dwelling unit densities, provide designs compatible with Buckley community goals and visions, and provide developments consistent with the Buckley comprehensive plan that offer amenities and conveniences necessary to assure the comfort and enhance the lifestyles of their occupants. (2) Residential Type Specifications. The following building forms are permitted in the HDR-Low zone. (a) Single family, as defined in Chapter 19.12 . (b) ADU, as defined in Chapter 19.12 . (c) Duplex, as defined in Chapter 19.12 . (d) Townhome, as defined in Chapter 19.12 . (e) Triplex, as defined in Chapter 19.12 . (f) Fourplex, as defined in Chapter 19.12 . (g) Multiplex, as defined in Chapter 19.12 . (h) Courtyard apartment, as defined in Chapter 19.12 . (i) At least one common open space is required. (ii) Common open space shall be bordered by dwelling units on at least two sides. (iii) Common open space shall be a minimum of 15 feet on any side. (iv) Parking areas and vehicular areas do not qualify as a common open space. (v) Common open space must be contiguous with front lot line, or on corner lots, contiguous with at least one road facing lot line. (i) Low-rise apartment complex, as defined in Chapter 19.12 .
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.