WA > Sumner > Sumner
Sumner, WA 98390,5303 Parker RD E
Sumner, WA 98390,5303 Parker RD E
Sumner, WA 98390,5303 Parker RD E
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Listed by Blake Investment Advisors
$3,530,000
Est. payment /mo
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28 Beds
16 Baths
12,680 SqFt
New

5303 Parker RD E Sumner, WA 98390

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Better Properties Hometown

Better Properties Hometown

+1(253) 254-3600

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,680 sqft

Price per Sqft $278

Subdivision Sumner

MLS Listing ID 2389683

Style 56 - 10+ Units

Bedrooms 28

Year Built 1968

Annual Tax Amount $27,643

Lot Size 1.161 Acres

Property Sub-Type Multi Family

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.

Location

State WA

County Pierce

Area 73 - Sumner

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Sumner-Bonney Lake

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

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Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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agent

Better Properties Hometown

Designated Broker | License ID: 12879

+1(253) 254-3600

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5303 Parker RD E

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