5303 Parker Road E, Sumner, WA 98390

Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: gabe blake, josh 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:November 14, 2025 at 11:55 PM

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)
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