5303 Parker Road E, Sumner, 98390
MLS® #: 2389683
Active, 146 Days on Market
Listing Office: Blake Investment Advisors
Last Update: 2025-11-01
0
Garages
146
Dom
12,680
Square feet
1.16
Acres
1968
Built
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.
Features of 5303 Parker Road E
| MLS® # | 2389683 |
|---|---|
| Price | $3,530,000 |
| Bathrooms | 0.00 |
| Square Footage | 12,680 |
| Acres | 1.16 |
| Year Built | 1968 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5303 Parker Road E |
|---|---|
| Area | 73 - Sumner |
| Subdivision | Sumner |
| City | Sumner |
| County | Pierce |
| State | WA |
| Zip Code | 98390 |
Amenities
| Parking Spaces | 43 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Wood Products |
|---|
School Information
| District | Sumner-Bonney Lake |
|---|
Additional Information
| Days on Market | 146 |
|---|---|
| Cumulative Days on Market | 146 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $27,643 |
Listing Details
| Office | Blake Investment Advisors |
|---|
Listing Map
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