Sumner, WA 98390 5303 Parker Road E
$3,530,000
5 more
Presented By: Blake Investment Advisors and NWMLS
- MLS# 2389683
- 06/08/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 12,680
Home Details
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 $1,841 as of May 2025, reflecting a 23.8% increase since 2020, the property is well-positioned to deliver consistent cash flow and long-term appreciation. Situated on a 50,560 square foot lot, future development opportunities exist to develop 29 units or 28 townhomes. Buyer to verify.
Presented By: Blake Investment Advisors and NWMLS
Interior Features for 5303 Parker Road E
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 5303 Parker Road E
AmenitiesCoin Op Laundry
Assoc/CICMulti-Family
Building Area UnitsSquare Feet
Cap Rate6.05
Carport Spaces
Carport Y/NNo
CitySumner
CoolingNone
CountyPierce
DirectionsHighway 410 East. Valley Ave/Highway 162 North. East on Meade McCumber road east. North on Parker Road, East side of road.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictSumner-Bonney Lake
Insurance Expense13389
Leasable Area12680
Listing TermsConventional
Living Area UnitsSquare Feet
Lot Size Square Feet50560
Lot Size UnitsSquare Feet
MLS Area73 – Sumner
ModificationTimestamp2025-08-06T17:58:12.829Z
NWM_ShowMapLinkY
Net Operating Income213577
New ConstructionNo
Number Of Units Total16
Open Parking Spaces43
PossessionClosing
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks6.05% 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 m
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSumner
Tax Annual Amount27643
Tax Year2025
Units Below Gradefalse
Units In Building Total16
Virtual TourClick here
Water Sewer Garbage27648
Year Built1968
Exterior for 5303 Parker Road E
Building Area Total12680
Covered Spaces
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot Size Acres1.1607
Parking Uncovered Spaces43
Total Parking43
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®