5303 Parker Road E Sumner, WA 98390
5303 Parker Road E
Sumner, WA 98390
$3,530,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
6.05% Current Cap Rate | Sumner Park offers investors a prime opportunity to capitalize on the Sumner sub-market's robust rental market, projected to experience steady growth in 2025 and beyond, with minimal capital expenditure required. This 12,680-square-foot, 16-unit multifamily property is newly renovated, ensuring low immediate maintenance costs and strong tenant appeal. With an average market rent in Sumner of $1,841 as of May 2025, reflecting a 23.8% increase since 2020, the property is well-positioned to deliver consistent cash flow and long-term appreciation. Situated on a 50,560 square foot lot, future development opportunities exist to develop 29 units or 28 townhomes. Buyer to verify.
Watch Virtual Tour #1Property Features
Community: Sumner
10+ Units
Exterior: Wood Products
Roof: Composition
Year Built: 1968
2025 Taxes: $27643.00
Buyer Broker Compensation: 1.5%
Listing #: 2389683
Lot Details
Lot Size: 1.16 acres
No. of Units: 16
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Coin Op Laundry
Schools
District: Sumner-Bonney Lake
Call or Email:
Grace Wamwere
What's Near 5303 Parker Road E Sumner, WA 98390?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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