5303 Parker Road E

Sumner, WA 98390

  • Bed

  • Bath

  • 12680 SqFt

  • 1 DOM

  • Built: 1968

  • Status: Active

$3,530,000

X

5303 Parker Road E

Sumner 98390

$3530000

  • Bed

  • Bath

  • 12680 SqFt

  • 1 DOM

  • Built: 1968

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 12680

  • Composition

  • 56 - 10+ Units

  • 1968

  • Coin Op Laundry

Features and Utilities

  • Wood Products

  • Sewer Connected

  • 0

Financial

  • 27643

  • Cash Out

  • 06-08-2025

Comparable Information

  • 1

  • 1

  • Cash Out

  • $3,530,000

  • $3,530,000

  • Jun 09, 2025 20:38

Schools

Map

Listing courtesy of Blake Investment Advisors.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jun 09, 2025 17:20 | Listing last modified Jun 09, 2025 20:38. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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