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$3,530,000
72 Days On Site
5303 Parker Road ESumner, WA 98390
For Sale|Multi Family|Active
0
Beds
0
Total Baths
12,680
SqFt
$278
/SqFt
1968
Built
Cumulative Days On Market:
72
Subdivision:
Sumner
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Gabe Blake of Blake Investment Advisors
Listing courtesy of Gabe Blake of Blake Investment Advisors
Call Now: (360) 219-9514
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(360) 219-9514
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Monthly Payment (Est.)
$16,105Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.
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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Listing Snapshot
Price
$3,530,000
Days On Site
72 Days
Bedrooms
N/A
Inside Area (SqFt)
12,680 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.1607 Acres
Year Built
1968
MLS® Number
2389683
Status
Active
Property Tax
$27,643
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 months ago | Status changed to Active | |
| 2 months ago | Listing first seen on site |
General Features
Acres
1.1607
Number Of Stories
1
Parking Spaces
43
Property Sub Type
Multi Family
SqFt Total
12680
Utilities
Sewer Connected
Interior Features
Flooring
Vinyl
Heating
ElectricBaseboard
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Exterior Features
Construction Details
Wood Siding
Roof
Composition
Community Features
Association Amenities
Coin Laundry
Financing Terms Available
Conventional
MLS Area
73 – Sumner
School District
Sumner-Bonney Lake
Schools
School District
Sumner-Bonney Lake
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Gabe Blake of Blake Investment Advisors
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-08-19 02:13 AM PDT
Listing courtesy of Gabe Blake of Blake Investment Advisors
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-08-19 02:13 AM PDT
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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