WA > Sumner > Sumner
Sumner, WA 98390,5303 Parker RD E
Sumner, WA 98390,5303 Parker RD E
Sumner, WA 98390,5303 Parker RD E
Sumner, WA 98390,5303 Parker RD E
Sumner, WA 98390,5303 Parker RD E
Sumner, WA 98390,5303 Parker RD E
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Manesh Lakhani

Manesh Lakhani

+1(425) 623-3958
Listed by Blake Investment Advisors
$ 3,530,000
Est. payment | /mo

28 Beds

16 Baths

12,680 SqFt

Save Virtual Tour
$ 3,530,000
Est. payment | /mo
Save Virtual Tour

28 Beds

16 Baths

12,680 SqFt

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,680 sqft

Price per Sqft $278

Subdivision Sumner

MLS Listing ID 2389683

Style 56 - 10+ Units

Bedrooms 28

Year Built 1968

Annual Tax Amount $27,643

Lot Size 1.161 Acres

Property Sub-Type Multi Family

Property 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.

Location

State WA

County Pierce

Area 73 - Sumner

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Sumner-Bonney Lake

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Virtual Tour https://discover.matterport.com/space/xX5KojR7tqt

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Manesh Lakhani

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(425) 623-3958

manesh@lakhaniteamre.com

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5303 Parker RD E