5303 Parker Road E

Sumner, WA 98390

  • Bed

  • Bath

  • 12680 SqFt

  • 22 DOM

  • Built: 1968

  • Status: Active

$3,530,000

X

5303 Parker Road E

Sumner 98390

$3530000

  • Bed

  • Bath

  • 12680 SqFt

  • 22 DOM

  • Built: 1968

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

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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