1. Washington
  2. Sumner
  3. 5303 Parker Road E
$3,530,000

5303 Parker Road E, Sumner, WA 98390

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon1.16acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This listing courtesy of Gabe Blake, Blake Investment Advisors

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.

Listing Status:
Active
Listing Office:
Blake Investment Advisors : 206-618-2207
Listing Agent:
Gabe Blake : 206-618-2207
MLS ID:
2389683
  • Flooring: Vinyl Plank
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0

This listing courtesy of Gabe Blake, Blake Investment Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Daffodil Valley Elementary School

1509 Valley Ave E, Sumner, WA, 98390

Grades PK-5

0.36 miles away

S

Sumner Middle School

1508 Willow St, Sumner, WA, 98390

Grades 6-8

1.19 miles away

S

Sumner High School

1707 Main St, Sumner, WA, 98390

Grades 9-12

0.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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