MLS #2389683 / Listing provided by NWMLS .
$3,530,000
5303 Parker Road E
Sumner,
WA
98390
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 43
- Uncovered Parking Spaces: 43
- Open Parking Spaces: 43
Structure
- Roof: Composition
- Exterior Features: Wood Products
Lot Details
- Acres: 1.1607
Schools
- High School District: Sumner-Bonney Lake
Lot Details
- Acres: 1.1607
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 27648
Cindi Squance
Broker | REALTOR®
Send Cindi Squance an email