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5303 Parker Road E, 
Sumner, WA 98390

$3,530,000

—

Bed

—

Bath

12,680

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Gabe Blake

, 

Josh Blake

Blake Investment Advisors

Last updated:

June 13, 2025, 04:50 PM

MLS#

2389683

Source:

NWMLS

About This Home

5303 Parker Road E

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.

Home Facts

Multi-Family

Built in 1968

Price Summary

3,530,000

$278 per Sq. Ft.

MLS #:

2389683

Last Updated:

June 13, 2025, 04:50 PM

Rooms & Interior

Interior

Living Area:

12,680 Sq. Ft.

Structure

Structure

Building Area:

12,680 Sq. Ft.

Year Built:

1968

Lot

Lot Size (Sq. Ft):

50,560

Finances & Disclosures

Finances

Price:

$3,530,000

Price per Sq. Ft:

$278 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 19, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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