USAWASumnerSumner5303 Parker Rd E
5303 Parker Rd E, Home with 0 bedrooms, 0 bathrooms and 43 parking in Sumner WA | Image 1
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$3,530,000

5303 Parker Rd E, Sumner, WA

Real Estate

For Sale

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0043
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size  sqft
Garage No
Taxes $27,643
Days Active 64
Lot Size 
Approx. Age 1968
MLS® Number 2389683

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number2389683
Laundry Level
Central VacNo
FireplaceNo
Acreage1.1607
ExteriorWood Products
GarageNo
Approx. Age1968
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone
Heating Fuel

Extras

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