5303 Parker Road E, Sumner, WA 98390 (MLS # 2389683)

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Listing provided courtesy of Northwest MLS; Blake Investment Advisors

PRICE $3,530,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 12,680 sqft
LOT SIZE 1.16 ac

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.

LAST UPDATED 6/9/2025 TRACT Sumner
YEAR BUILT 1968 COMMUNITY Sumner
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 73 - Sumner
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
LOT 1.1607 acre(s)
MLS STATUS Active
STORIES 1
STYLE 56 - 10+ Units
SUBDIVISION Sumner
TAXES 27643
UTILITIES Sewer Connected
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/12/25 7:18 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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