5303 Parker Road E
Sumner, WA 98390
$3,530,000
- Est. $19,265/mo
- Calculate
- 12,680 Sq. Ft.
- 1968 Year Built
- 1.16 Acres
Property Highlights
- Neighborhood:
- Sumner
- Acreage:
- 1.16 acres
Listing Courtesy of Northwest MLS / Blake Investment Advisors
3D Tour
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Property Description
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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Property Details
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- MLS ID:
- 2389683
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- Area:
- Sumner
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- Community:
- Sumner
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- County:
- Pierce County
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- Flooring:
- Vinyl Plank
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- Lot Size Sq. Ft.:
- 50,560
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- Property Subtype:
- Multi Family
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- Property Type:
- Residential Income
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- Status:
- Active
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- Year Built:
- 1968
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Additional Highlights
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- Exterior:
- Wood Products
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- Parking:
- 43
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- Roofing:
- Composition
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- Total Number of Units:
- 16
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Taxes and Fees
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- Taxes (Est):
- $27,643
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- Taxes (Year):
- 2025
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Request Info
5303 Parker Road E, Sumner Washington, 98390 United StatesDisclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.