5303 Parker Road E, Sumner, WA 98390

Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
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Listed by:gabe blake
Office:blake investment advisors
MLS#:2389683
Source:NWMLS
5303 Parker Road E,Sumner, WA 98390
$3,530,000
  • - Beds
  • - Baths
  • 12,680 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,530,000
  • Price per sq. ft.:$278.39

About this home

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.

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Home facts

  • Year built:1968
  • Listing Id #:2389683
  • Updated:August 08, 2025 at 12:24 AM

Rooms and interior

  • Living area:12,680 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1968
  • Building area:12,680 sq. ft.
  • Lot area:1.16 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,530,000
  • Price per sq. ft.:$278.39
  • Tax amount:$27,643 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 14, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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